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Latest news about Prestige Estates Projects

Prestige Estates' Subsidiary Faces ₹161 Crore GST Show-Cause Notice 7 days ago

Prestige Office Ventures, a subsidiary of Prestige Estates Projects Limited, has received a show-cause notice from GST authorities alleging non-payment or short-payment of GST and non-reversal of input tax credit from February 2020 to March 2024. The notice proposes a demand of ₹160.82 crore with an equivalent penalty and interest. Prestige Estates considers the demand not maintainable and is evaluating appropriate action. The company does not anticipate any material impact on its financials or operations. Despite the news, Prestige Estates' shares closed 1.48% higher at ₹1,588.70.

Prestige Estates: Corporate Guarantee Issued Amid Property Fee Hike Criticism 9 days ago

Prestige Estates Projects Aims to Surpass Rs 25,000 Crore Pre-Sales Target in FY26 Aug 10, 2025

Prestige Estates Projects Acquires 102 Acres for Rs 20,400 Crore Housing Projects, Reports Strong Q1 Performance Aug 09, 2025

Prestige Estates Reaffirms FY'26 Pre-Sales Target of ₹25,000-27,000 Crore Aug 07, 2025

More news about Prestige Estates Projects

06Aug 25

SEBI Greenlights Prestige Hospitality Ventures' ₹1000 Crore IPO

SEBI has approved the Initial Public Offering (IPO) of Prestige Hospitality Ventures, a subsidiary of Prestige Estates. The company plans to raise approximately ₹1000.00 crore through this public offering. This approval marks a significant step for the company's entry into the public market and indicates regulatory confidence in its business model. The IPO is expected to provide investors with new opportunities in the real estate and hospitality sectors.

05Aug 25

Prestige Estates Projects Reports 26% Surge in Net Profit, Revenue Jumps 24%

Prestige Estates Projects Limited announced strong Q4 results with consolidated net profit rising 26% to ₹2.90 billion and revenue growing 24% to ₹23.10 billion year-over-year. EBITDA increased to ₹8.90 billion. The company utilized ₹45,467 million from its recent QIP and plans an IPO for its hospitality arm. The Board recommended a final dividend of ₹1.80 per share.

01Aug 25

Prestige Estates Projects Sees Rs. 25.71 Crore Block Trade on NSE

A significant block trade of Prestige Estates Projects Ltd. shares occurred on the National Stock Exchange. The transaction involved 157,847 shares at Rs. 1,628.80 per share, totaling Rs. 25.71 crore. This large trade suggests potential strategic moves by institutional investors, though the parties involved remain undisclosed.

01Aug 25

Prestige Estates Projects Sees Rs. 25.71 Crore Block Trade on NSE

A significant block trade of approximately 157,847 shares of Prestige Estates Projects Ltd. occurred on the National Stock Exchange (NSE), valued at Rs. 25.71 crore. The shares were traded at Rs. 1,628.80 per share. This transaction highlights ongoing interest in the company's stock among large traders and institutional investors. Prestige Estates Projects is a major player in India's real estate sector, with a diverse portfolio spanning residential, commercial, retail, and hospitality segments.

22Jul 25

Prestige Estates Projects Acquires Full Ownership of Apex Realty Ventures for Rs 0.4 Crore

Prestige Estates Projects Limited has acquired the remaining 40% partnership interest in Apex Realty Ventures LLP for Rs 0.40 crore, making it a wholly-owned subsidiary. Apex Realty Ventures, incorporated in 2019, is engaged in real estate development and has shown significant growth, with its turnover increasing from Rs 0.81 crore in FY 2022-23 to Rs 1,007.82 crore in FY 2023-24. This acquisition allows Prestige to consolidate its stake and strengthen its position in the real estate sector.

09Jul 25

Prestige Estates Projects Ltd: Record Q1 Sales and Collections, NCR Market Leads

Prestige Estate achieved exceptional Q1 results with a 300% year-over-year sales increase to ₹12,126.40 crore. Unit sales volume grew 234% to 9.55 million square feet. Collections rose 55% to ₹4,522.70 crore, marking the highest in a single quarter. The NCR region contributed 59% of total sales, followed by Bengaluru at 21%. The company launched four residential projects, including its first in NCR, and completed five projects, marking its first completion in Mumbai.

07Jul 25

Prestige Estates Strengthens Market Position with Strategic Acquisitions

Prestige Estate, a major player in Indian real estate, has acquired majority stakes in two real estate ventures: Notting Hill and AAA Investments. This strategic move consolidates Prestige Estates' market presence, expands its portfolio, and is expected to enhance its operational control. The acquisitions align with the company's growth strategy and may lead to improved efficiency and cost management. While specific financial details are not provided, these acquisitions signal Prestige Estates' commitment to strengthening its position in the real estate sector.

01Jul 25

Prestige Estates Unveils ₹3,350 Crore Residential Project in Chennai

Prestige Estate has announced the launch of a new residential project in Chennai with an estimated sales value of ₹3,350.00 crore. This move is part of the company's strategy to expand its presence in the Chennai real estate market. While specific project details are yet to be disclosed, the substantial value suggests a large-scale development. The launch is expected to significantly impact Chennai's real estate landscape and potentially boost Prestige Estates' revenue and market share in the region.

30Jun 25

Prestige Estates Backs Joint Venture with ₹712 Crore Loan Guarantee

Prestige Estate, a major Indian real estate company, has extended a ₹712 crore guarantee for a loan taken by an undisclosed joint venture partner. This significant financial move demonstrates the company's confidence in its joint venture operations and may indicate support for ongoing projects, expansion plans, or debt refinancing. The specific details of the joint venture and the loan's purpose remain undisclosed.

30Jun 25

Prestige Estates Unveils ₹3,350 Crore Residential Project in Chennai

Prestige Estate has revealed plans for a new residential project in Chennai valued at ₹3,350 crore. While specific details are limited, this large-scale development signifies a major expansion of the company's portfolio in the city. The project is expected to have significant economic impact, potentially influencing local property values and market dynamics. This strategic move demonstrates Prestige Estates' confidence in Chennai's real estate market and growth potential.

06Jun 25

Prestige Estates Forms Strategic Joint Venture with Canopy Living LLP

Prestige Estates, a major Indian real estate company, has entered into a joint venture partnership with Canopy Living LLP. This strategic collaboration aims to combine Prestige Estates' established brand and experience with Canopy Living LLP's expertise. The partnership is expected to enhance project portfolios, improve operational efficiencies, and potentially access new market segments. While specific plans are not disclosed, this move aligns with industry trends towards strategic partnerships in response to evolving market dynamics.

02Jun 25

Prestige Estates Projects: Q4 Results Disappoint, but Future Outlook Remains Optimistic

Prestige Estates Projects Ltd experienced a significant decline in Q4 financial metrics, with net profit dropping 74.21% to ₹17.20 crore and EBITDA falling 9.91% to ₹271.70 crore. Despite this, revenue increased by 10.63% to ₹738.90 crore. The company's operating profit margin contracted to 20.49% from 36.60% year-on-year. Analysts remain optimistic due to the company's ambitious ₹27,000 crore pre-sales target, plans for geographic expansion in Mumbai and Bangalore, and potential IPO of its hospitality business.

01Jun 25

Prestige Estates Projects Unveils Ambitious Rs 42,120 Crore Housing Plan for FY26

Prestige Estates Projects Ltd. announces plans to launch 25 residential projects across major Indian cities in FY26, with an estimated gross development value of Rs 42,120.00 crore. This aggressive expansion strategy follows a challenging FY25, where the company experienced declines in sales bookings and net profit due to delayed project launches. The initiative aims to recover from recent setbacks, capitalize on growing demand in India's residential real estate sector, and strengthen the company's market position.

30May 25

Prestige Estates Projects Reports Significant Decline in Q4 Financial Performance

Prestige Estates Projects experienced a substantial downturn in its Q4 financial results. Consolidated revenue fell by 29.26% to ₹1,528.00 crore, while net profit dropped by 69.29% to ₹43.00 crore compared to the same quarter last year. EBITDA also decreased by 34.66% to ₹541.00 crore. These results indicate challenging market conditions for the company in the real estate sector.

28May 25

Prestige Group Delivers 800+ Units Across Three Mumbai Projects

Prestige Group has completed three landmark projects in Mumbai, delivering over 800 units across 2.8 million square feet. This achievement marks a significant expansion for the company in India's financial capital, demonstrating its ability to execute large-scale projects outside its traditional South Indian market. The completion aligns with Prestige Group's strategy for geographical diversification and strengthens its position as a pan-India real estate developer.

27May 25

Prestige Estates Projects Unveils Gardenia Estates in Bangalore, Eyeing ₹800 Crore Revenue

Prestige Estates Projects has launched Prestige Gardenia Estates in Bangalore, offering 516 plots with a potential revenue of ₹800.00 crore. This strategic expansion taps into the growing demand for residential land in Bangalore's competitive real estate market. The project aligns with current market trends and consumer preferences for plotted developments, potentially boosting the company's market position and financial performance.

07May 25

Prestige Estates Projects' NCR Debut Nets ₹3,000 Crore in First Week

Prestige Estates Projects has successfully launched its first residential project in the National Capital Region (NCR), The Prestige City in Indirapuram. The project achieved sales of over ₹3,000 crore across 1,200 units within the first week of launch. This marks a significant expansion for the company into the NCR real estate market. The average price per unit is approximately ₹2.50 crore, indicating a mix of premium and mid-range offerings. The strong sales figures suggest a healthy demand for quality residential properties in the NCR region and could potentially influence the local real estate market.

06May 25

Prestige Estates Projects' NCR Debut Nets ₹3,000 Crore in First Week

Prestige Estates Projects has successfully entered the National Capital Region (NCR) market with its first residential project, The Prestige City in Indirapuram. The project reported sales of over ₹3,000 crore for approximately 1,200 units within the first week of launch, indicating strong demand and brand acceptance in the new market.

30Apr 25

Prestige Estates Projects Makes Grand Entry into NCR with ₹9,000 Crore Residential Project

Prestige Estates Projects has launched 'The Prestige City – Indirapuram', marking its entry into the NCR residential market. The 62.5-acre project has a total expected GDV of ₹12,000 crore, with the first phase valued at ₹9,000 crore. The initial phase includes 3,421 premium homes across 19 towers, offering various configurations from 2 BHK to 4 BHK + Home Office. The development will feature two clubhouses, an integrated mall, and is strategically located on NH 24. The company views this as the first of many planned developments in the NCR region.

29Apr 25

Prestige Estates Projects Launches ₹12,000 Crore Housing Project in NCR

Prestige Estates Projects has launched 'The Prestige City – Indirapuram' in Ghaziabad, marking its entry into the NCR residential market. The 62.50-acre project has a total revenue potential of ₹12,000 crore, with the first phase having a Gross Development Value of over ₹9,000 crore. The initial phase includes 3,421 premium residences across 19 towers, offering various unit types and sizes. The development will feature two clubhouses, an integrated mall, and world-class amenities. Additionally, the company is issuing a corporate guarantee for a ₹750 crore loan facility for its subsidiary.

25Apr 25

Prestige Estates' Hospitality Arm Files for ₹2,633 Crore IPO, Parent Company to Participate in Offer for Sale

Prestige Estates Projects Limited's hospitality subsidiary, Prestige Hospitality Ventures Limited (PHVL), has filed for an IPO worth ₹2,633 crore ($317 million). The parent company plans to participate in the offer for sale, offering shares up to ₹1,000 crore. The IPO will consist of fresh equity shares with a face value of ₹5 each, subject to regulatory approvals from SEBI, BSE, and NSE. This move aims to raise capital for expansion in the hospitality sector and potentially improve the parent company's financial position.

24Apr 25

Prestige Estates' Hospitality Arm Files for ₹2,634 Crore IPO, Parent Company to Participate in Offer for Sale

Prestige Estates Projects Limited's hospitality subsidiary, Prestige Hospitality Ventures Limited (PHVL), has filed for an IPO worth ₹2,634 crore ($317 million). The parent company will participate in the offer for sale (OFS) of up to ₹10,000 crore. The IPO, with equity shares of ₹5 face value, is subject to market conditions and regulatory approvals from SEBI, BSE, and NSE. Detailed terms will be outlined in the offer documents including DRHP, RHP, and Prospectus.

19Apr 25

Prestige Estates Backs Subsidiary with Rs 175 Crore Corporate Guarantee

Prestige Estates Projects Limited has provided a corporate guarantee of Rs 175.00 crore for a loan taken by its wholly-owned subsidiary, Prestige Hospitality Ventures. The company states this action will not immediately impact its operations, indicating continued support for its hospitality division while maintaining financial stability.

17Apr 25

Prestige Group Eyes Rs 4,000-Crore IPO for Hospitality Arm Amid Strong Real Estate Performance

Prestige Group is planning an IPO for its hospitality division, aiming to raise Rs 4,000 crore ($480 million). The company reported impressive Q4 FY25 results with a 48% YoY increase in new sales to Rs 69,574.00 million. FY25 saw new sales of Rs 170,231.00 million, with Bengaluru, Mumbai, and Hyderabad as key markets. The company plans to expand into NCR and Mumbai in FY26, with maiden residential completions in Mumbai.

17Apr 25

Prestige Estates: Q4 FY25 Sales Surge 48% YoY, Annual Sales Fall Short of Guidance

Prestige Estates Projects Limited reported mixed results for Q4 and FY25. Q4 saw a 48% YoY increase in new sales to ₹6,957.00 crore, with a 9% increase in sales volume. However, annual sales declined 19% YoY to ₹17,023.00 crore, falling short of management guidance. The company launched four significant projects in Q4 with a GDV potential of ₹16,133.80 crore. Geographic diversification shows strong presence in Bengaluru, Mumbai, and Hyderabad. Office and retail segments performed well with high occupancy rates. Despite challenges, the company remains optimistic about FY26 with expansion plans into new markets.

09Apr 25

Prestige Estates Projects Launches 14 Million sq ft of Projects in Q4, Generating Rs 161,338 Million GDV

Prestige Estates Projects Limited has launched 14.03 million square feet of projects across Bengaluru, Mumbai, and Hyderabad in Q4, with a total Gross Development Value of Rs 161,338.00 million. The launches include 4,548 units across four projects: Prestige Suncrest, Prestige Nautilus, Prestige Southern Star - Ph I, and Prestige Spring Heights. Despite late-quarter launches, the company reported strong sales, with Prestige Nautilus in Mumbai achieving Rs 23,857.00 million in sales within a month. The company plans further launches across Bengaluru, NCR, Chennai, and Mumbai in the coming months.

01Apr 25

Prestige Estates Projects Announces Joint Venture Restructuring and Major Subsidiary Investment

Prestige Estates Projects has announced two major corporate actions. First, it has restructured its joint venture, Prestige Vaishnaoi Projects (PVP), now holding a 37.24% partnership interest. Second, the company has approved an investment of up to ₹16.25 billion (approximately $196 million) in its wholly-owned subsidiary, Prestige Hospitality Ventures. These moves signal the company's intent to optimize partnerships and expand its hospitality sector presence.

28Mar 25

Prestige Estates Projects Invests ₹1,625 Crore in Hospitality Subsidiary

Prestige Estates Projects Limited has approved an investment of up to ₹1,625.04 crore in its wholly-owned subsidiary, Prestige Hospitality Ventures Limited (PHVL). The investment will be made through a rights issue subscription, to be completed in one or more tranches. PHVL, focused on hospitality projects, has shown significant growth with its turnover increasing from ₹80.19 crore in FY 2021-22 to ₹416.10 crore in FY 2023-24. This move aligns with Prestige Estates' strategy to expand its hospitality business and diversify its portfolio.

28Mar 25

Prestige Estates Projects Restructures Joint Venture, Maintains 37.24% Stake in Prestige Vaishnaoi Projects

Prestige Estates Projects has been admitted as a partner in Prestige Vaishnaoi Projects (PVP) following a restructuring, now holding a 37.24% partnership interest. The move aims to consolidate multiple layers of holding without changing existing joint control or benefits to promoters. The company also announced the closure of its trading window for designated persons from April 1, 2025, until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2025.

04Mar 25

Income Tax Department Concludes Search at Prestige Estates Projects Offices

Prestige Estates Projects Limited announced the conclusion of a search operation by the Income Tax Department at its offices. The search, which began on February 25, 2025, and ended on March 3, 2025, covered the company's registered office and branch offices. The company stated it fully cooperated with IT Department officials and provided requested clarifications and details. Management assured continued compliance with SEBI Listing Regulations and promised further disclosures as necessary.

03Mar 25

Prestige Estates Projects Concludes Income Tax Department Search, Affirms Full Cooperation

Prestige Estates Projects Limited announced the conclusion of a week-long search operation by the Income Tax Department at its offices, which began on February 25, 2025, and ended on March 3, 2025. The company fully cooperated with tax authorities throughout the process, providing requested clarifications and details. Prestige Estates Projects assured continued adherence to SEBI disclosure norms and emphasized its commitment to transparency and regulatory compliance.

27Feb 25

Income Tax Department Raids Prestige Estate Projects' Offices

The Income Tax Department initiated a search operation at various offices of Prestige Estate Projects Limited on February 25, which is still ongoing. The company has officially informed stakeholders about this development in compliance with regulatory disclosure requirements. The search operation covers the company's registered office and other branch locations, potentially impacting its reputation, market performance, and investor confidence.

26Feb 25

Income Tax Department Conducts Search at Prestige Estates Projects Offices

The Income Tax Department initiated a search operation at Prestige Estates Projects' registered office and branch offices on February 25, 2025. The company is fully cooperating with authorities and has informed stock exchanges as per SEBI regulations. The financial impact of this development is currently unknown. Prestige Estates continues normal operations while the search is ongoing.