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Prestige Estates launches ₹1,750 crore residential project in Bengaluru

Prestige Estates launches Prestige Parklane in Devanahalli, Bengaluru. Project has a gross development value of ₹1,750 crore. Development comprises 1,788 homes across 11.91 acres. Features nine towers with one, two, and three-bedroom configurations. Located near Satellite Town Ring Road to leverage infrastructure growth.

17Sept 26

Prestige Estates launches Garden Breeze residential project with ₹1100 crore GDV

Prestige Estates Projects launches Garden Breeze in Bengaluru. Project spans 10 acres with 655 premium apartments. Estimated gross development value is ₹1100 crore. Group pipeline stands at 137 projects across 229 million sq ft.

16Sept 26

Prestige Estates ESG rating upgraded to Strong by CRISIL for FY26

CRISIL upgrades Prestige Estates ESG rating to 65 (Strong) for FY26. Previous FY25 rating was 54 (Adequate). Core ESG rating stands at 72. Assessment is independent and based on public domain data.

10Sept 26

Prestige Estates incorporates two new real estate subsidiaries

Prestige Estates Projects incorporated Southgrove Homes LLP and Parkgrove Realty LLP as wholly-owned subsidiaries. Incorporation date for both entities is September 9, 2026. Each subsidiary received a capital contribution of ₹1,00,000. Both entities are focused on real estate development business. No promoter group interest or regulatory approvals were required.

04Sept 26

MREAT orders Mahalaxmi Tower project to shift from commercial to residential use

MREAT has ordered the Mahalaxmi Tower project to change its use from commercial to residential. The ruling is a regulatory intervention affecting Prestige Estates Projects. The order mandates reclassification of the project's designated development category.

03Sept 26

Prestige Estates acquires Gurgaon land for ₹5,600 crore residential project

Prestige Estates acquires 17.14 acres in Sector 109, Gurgaon. Project has estimated GDV of ₹5,600 crore. Saleable area planned at 2.8 million sq. ft. Move expands company's footprint in NCR region.

28Aug 26

Prestige Estates launches Palm Court in Madhavaram, North Chennai

Prestige Estates launches Palm Court in Madhavaram, North Chennai. Project features 910 apartments across 5 towers on 7.98 acres. Estimated GDV stands at ₹1,330 crore for 1.38 mn sq ft saleable area. Company plans 3-4 more Chennai launches this financial year.

21Aug 26

Prestige Estates AGM: All 7 resolutions pass, including ₹2 dividend

All seven AGM resolutions passed, including ₹2 dividend and NCD issue. Promoters held 262.5 million shares and voted 100% in favour of all items. Dividend resolution received 99.99% support with only 130 votes against. Uzma Irfan re-appointed as director and re-designated as WTD with >99% support. Total shareholders on cut-off date August 13, 2026, stood at 1,80,051.

05Aug 26

Prestige Estates uploads Q1FY27 earnings call transcript for investors

Prestige Estates Projects Limited has disclosed the transcript of its investor and analyst conference call for Q1FY27. Held on July 30, 2026, the call discussed financial results for the quarter ended June 30, 2026. The transcript, filed on August 5, 2026, under Regulation 30(6) of SEBI LODR 2015, is now available on the company’s website for stakeholder review.

30Jul 26

Prestige Estates Plans to Launch Several New Projects Soon

Prestige Estates Projects has announced plans to launch several new projects soon, as per a recent TV interview. The disclosure points to the company's active expansion strategy within the Indian real estate sector. No specific financial data, project locations, or timelines were provided in the available source material.

30Jul 26

Prestige Estates Q1 Results: Net Profit Drops, EBITDA Margin Contracts YoY

Prestige Estates Projects reported a consolidated net profit of ₹2.36 billion in Q1FY26, down from ₹2.9 billion a year ago, even as consolidated revenue grew 16% to ₹26.75 billion. EBITDA margin contracted sharply to 32.13% from 38.74% YoY, weighed down by rising land and development costs. Standalone net profit also declined 13% to ₹114 million, while the company recommended a final dividend of ₹2.00 per share for FY26.

30Jul 26

Prestige Estates signs ₹6,000 crore Thane residential deal

Prestige Estates Projects Ltd announced a strategic partnership for a ₹6,000 crore residential project in Thane on July 29, 2026. The 14.6-acre development near Kolshet-Balkum Road offers over 5 million square feet of space, combining residential and retail components. This expansion reinforces the group's footprint in the Mumbai Metropolitan Region, adding to its existing pipeline of 227 million sqft.

29Jul 26

Prestige Estates publishes AGM notice for Aug 20 meeting

Prestige Estates Projects has published the notice for its 29th AGM in Business Standard and Prajavani. The meeting on August 20, 2026, will approve a ₹2 final dividend for FY26 and a ₹20,000 crore NCD issuance. E-voting runs from August 17 to 19.

28Jul 26

Prestige Estates Projects Submits Business Responsibility and Sustainability Report for FY 2025-26

Prestige Estates Projects Limited submitted its BRSR for FY 2025-26, covering ESG performance on a consolidated basis with reasonable assurance by Vinay and Keshava LLP. The company reported total energy consumption of 752,722.98 Giga Joules, Scope 1 emissions of 8,865.12 MTCO2e, and Scope 2 emissions of 75,781.91 MTCO2e for the year. The total workforce stood at 11,652 employees, with a zero LTIFR and zero fatalities recorded during the reporting period. Record annual sales exceeding ₹30,000 Crores were reported for FY 2025-26, with standalone turnover of Rs. 40,804 mn and net worth of Rs. 119,652 mn under CSR disclosures.

28Jul 26

Prestige Estates Projects Submits Integrated Annual Report for FY 2025-26, Reports Record Sales and Robust Financial Performance

Prestige Estates Projects Limited submitted its Integrated Annual Report for FY 2025-26, reporting record annual sales of ₹300,245 mn (up 76.38% YoY), record collections of ₹185,146 mn (up 53.22% YoY), and total income of ₹131,955 mn (up 70.58% YoY). Profit After Tax grew 111.61% to ₹13,054 mn, with EBITDA rising 43.27% to ₹42,192 mn. The company launched 31.84 mn sft of projects with a GDV of ₹273,504 mn and completed 18.22 mn sft across 13 projects during the year.

27Jul 26

Prestige Estates Projects Records ₹32.82 Crore Block Trade on NSE

Prestige Estates Projects recorded a block trade on the NSE involving approximately 200,026 shares at ₹1640.90 per share. The total transaction value amounted to ₹32.82 crores. Such large-volume block trades are typically associated with institutional-level market activity.

19Jul 26

Prestige Estates reports ₹65,793 mn pre-sales in Q1 FY27

Prestige Estates Projects reported robust operational performance for Q1 FY27, achieving pre-sales of ₹65,793 million across 6.04 million square feet. Hyderabad contributed 49% to sales, followed by Bengaluru and Mumbai, while collections stood at ₹48,022 million. The company launched four projects with a GDV of ₹1,20,000 million and completed three projects, alongside healthy growth in its commercial and retail portfolios.

17Jul 26

Prestige Estates Projects guarantees loan for subsidiary

Prestige Estates Projects has issued a corporate guarantee for a loan of up to INR 370 Crores availed by its wholly owned subsidiary, Prestige Alta Vista Properties LLP, from Axis Bank Limited. The guarantee is a contingent liability and has been provided on an arm's length basis.

04Jul 26

Prestige Estates acquires 50% stake in Advent Convention for Rs 504 crore

Prestige Estates Projects Limited has agreed to acquire a 50% stake in Advent Convention and Hotels International Limited for Rs 504 crore to develop a commercial project in Mumbai. The transaction targets a project with a Gross Development Value of approximately Rs 4,500 crore and a leasable area of 1.50 million sq. ft. The acquisition is expected to be completed within 45 days.

01Jul 26

Prestige Estates guarantees ₹450 cr loan for subsidiary

Prestige Estates Projects Limited has issued a corporate guarantee for a loan of up to ₹450 Crores availed by its subsidiary, Prestige Projects Private Limited, from Bajaj Housing Finance Limited. The guarantee was provided on an arm's length basis in compliance with the Companies Act, 2013 and SEBI Listing Regulations. The company stated that this guarantee constitutes a contingent liability with no immediate financial impact.

01Jul 26

Morgan Stanley Initiates Overweight on Prestige Estates Projects with Target Price of ₹1,920

Morgan Stanley has assigned an Overweight rating to Prestige Estates Projects with a target price of ₹1,920. The brokerage highlights 1QFY27 pre-sales of ₹63bn and resilient residential demand as near-term positives. A ₹40bn FY29 rental income potential, estimated at approximately two-thirds of enterprise value, underscores the embedded value in the commercial portfolio. Attractive valuations in the residential and hospitality segments further support the constructive outlook.

01Jul 26

Prestige Estates Launches Phase 2 of Forest Hills in Mulund With ₹2,200 Cr GDV

Prestige Estates Projects has launched Phase 2 of Prestige Forest Hills in Mulund, Mumbai, featuring 500 premium 3 and 4-bedroom residences across approximately 1.7 million sq. ft. with an estimated GDV of ~₹2,200 crore. Apartment sizes range from 946 sq. ft. to 2,643 sq. ft. with ticket sizes starting at ~₹2.73 crore, as part of a 32-acre integrated township.

22Jun 26

Prestige Group To Launch Two Housing Projects In Delhi-NCR This Fiscal With Potential Revenue Of ₹7k Cr

Prestige Group plans to launch two housing projects in Delhi-NCR during the current fiscal year, with a combined potential revenue of ₹7k Cr. The announcement marks a significant step in the group's national expansion strategy, extending its residential development portfolio into North India. The Delhi-NCR region remains one of India's most active residential real estate markets, making these launches a notable addition to Prestige Group's pipeline.

20Jun 26

Prestige Estates promoters confirm no encumbrance on shares

Razack Family Trust disclosed that the promoters and promoter group of Prestige Estates Projects have not encumbered any shares. The filing, dated April 9, 2026, was submitted to NSE and BSE under SEBI takeover regulations. It lists ten members of the promoter group, including Irfan Razack and other family members.

20Jun 26

Prestige Estates reconstitutes Stellar Envision LLP, stake at 50%

Prestige Estates Projects reconstituted its wholly owned subsidiary, Stellar Envision LLP, reducing its partnership interest to 50% on June 19, 2026. The transaction involved the admission of a new partner engaged in the real estate business, with the LLP set to undertake projects in Bangalore. Financial details as of March 31, 2026, show a net worth of ₹0.1 million and a consideration of ₹0.05 million received for the disposal.

19Jun 26

Prestige Estates Projects launches Phase 2 of Gardenia Estates

Prestige Estates Projects has launched Phase 2 of its plotted development project, Prestige Gardenia Estates, in Devanahalli, Bengaluru. The project covers approximately 21 acres and offers 195 plots, with a total development area of just under 0.5 million sqft. The launch targets a revenue potential of ₹400 crores, capitalizing on the strong demand in the North Bengaluru corridor.

12Jun 26

Prestige Group partners BACL for landmark Bengaluru Airport City project

Prestige Group and BACL announced a landmark integrated destination in Bengaluru Airport City on June 11, 2026, featuring a convention centre, luxury hotels, and premium office space. The project aims to strengthen Bengaluru's global connectivity and catalyse economic growth in the airport corridor.

04Jun 26

Morgan Stanley Maintains Overweight Rating on Prestige Estates Projects with ₹1,920 Target Price

Morgan Stanley has maintained an Overweight rating on Prestige Estates Projects with a target price of ₹1,920. While the brokerage flags concerns including a 65% net debt/equity ratio and ₹72 billion in pending IP capex over 3–4 years, it considers these manageable. Limited NRI/Middle East demand exposure and minimal macro slowdown impact are also noted. The firm highlights strong IP NOI growth potential, rising from ₹9 billion in FY26 to ₹45 billion by FY30, as a key long-term driver.

29May 26

Prestige Estates Projects Records ₹19.66 Crore Block Trade on NSE at ₹1408.20 Per Share

Prestige Estates Projects recorded a block trade on the NSE involving approximately 139,577 shares at ₹1408.20 per share. The total value of the transaction stood at ₹19.66 crores. Block trades are generally associated with institutional participation and are executed to minimise market impact.

28May 26

Prestige Estates FY26 PAT surges 112.8% on record revenue

Prestige Estates Projects Limited reported its audited financial results for the quarter and year ended March 31, 2026, achieving record revenue of Rs 1,31,955 million in FY26. PAT surged 112.80% YoY to Rs 13,119 million, driven by strong operational performance. The Board recommended a final dividend of Rs 2 per share and approved the issuance of NCDs up to Rs 2,000 Crores.

13May 26

Prestige Estates reports no deviation in QIP proceeds utilization

Prestige Estates Projects Limited disclosed the Monitoring Agency Report for Q4 FY26, confirming no deviation in the utilization of QIP proceeds. Net proceeds were revised to ₹4899.17 crore due to higher issue-related expenses.

13May 26

Prestige Estates Projects Sees ₹22.81 Crore Block Trade on NSE at ₹1385.40 Per Share

Prestige Estates Projects recorded a block trade on the NSE involving approximately 164,679 shares at ₹1385.40 per share. The total transaction value amounted to ₹22.81 crores. Block trades of this magnitude are typically associated with institutional participation and are monitored by market observers for activity signals.

12May 26

Prestige Estates Projects Schedules Board Meeting on May 21, 2026 to Consider Q4 FY26 Results and Dividend

Prestige Estates Projects has scheduled a Board of Directors meeting on May 21, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also deliberate on recommending a final dividend for FY26, subject to shareholder approval, and consider the issuance of Non-Convertible Debentures. The trading window for the company's securities remains closed from April 1, 2026 to May 23, 2026. An investor/analyst call is planned for May 22, 2026, where management will discuss the financial results and business outlook.

23Apr 26

Prestige Estates Projects Records ₹31.84 Crore NSE Block Trade at ₹1,402.50 Per Share

Prestige Estates Projects Ltd. executed a significant NSE block trade worth ₹31.84 crores involving 227,025 shares at ₹1,402.50 per share. The transaction highlights substantial institutional activity and investor interest in the real estate developer's stock through the block trade mechanism.

22Apr 26

Prestige Estates Projects Reports Strong Initial Sales of ₹2,500 Crore for Hyderabad Project

Prestige Estates Projects reported exceptional market response for its Prestige Golden Grove project in Hyderabad, achieving ₹2,500 crore in sales within two weeks of launch. The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls and sold over 1,700 units from a total of 5,120 units across 29 acres with estimated GDV of ₹9,500 crore.

15Apr 26

Prestige Estates Delivers Record ₹30,024.5 Cr FY26 Sales, Beats ₹27,000 Cr Guidance

Prestige Estates Projects delivered exceptional FY26 performance with record annual sales of ₹30,024.5 crore, surpassing company guidance of ₹27,000 crore and achieving 76% year-on-year growth. The company reported strong quarterly results with Q4 sales of ₹7,697 crore, up 11% year-on-year, alongside highest-ever annual collections of ₹18,515 crore and successful delivery of 18.22 million square feet across residential and commercial segments.

15Apr 26

Prestige Estates Projects Launches New Development Projects Worth Over ₹50,000 Crores

Prestige Estates Projects has launched new real estate development projects with estimated gross development value exceeding ₹50,000 crores across major Indian cities. This strategic expansion initiative aims to accelerate the company's growth and strengthen its market position in key urban centers. The significant investment demonstrates the company's confidence in the Indian real estate market and commitment to portfolio expansion.

14Apr 26

Prestige Group Partners with Autodesk for Enterprise-Wide Digital Transformation Initiative

Prestige Group has entered into a three-year strategic partnership with Autodesk to implement comprehensive digital transformation across its real estate development operations. The collaboration will deploy Autodesk Forma and the AEC Collection enterprise-wide, creating unified digital workflows across residential, commercial, retail, hospitality, and mixed-use developments. The partnership includes advanced 4D and 5D capabilities integration, positioning Prestige among the first developers globally to implement such technology at scale. With 313 delivered projects spanning 206 mn. sft. and a current pipeline of 128 projects across 195 mn. sft., this represents one of the largest enterprise digital transformation initiatives in the real estate sector.

10Apr 26

Prestige Estates Projects Records Rs. 81.45 Crore Block Trade on NSE

Prestige Estates Projects Limited recorded a major NSE block trade worth Rs. 81.45 crores involving 607,581 shares at Rs. 1340.50 per share. The transaction highlights significant institutional investor activity and demonstrates substantial trading interest in the real estate developer's stock through the block trade mechanism.

10Apr 26

Prestige Estates Projects Enters ₹9,000 Crore Residential Development in Mumbai's Versova

Prestige Estates Projects Limited has entered into a joint venture with ABIL Group through Aaramnagar Realty LLP to develop a premium residential project in Versova, Mumbai. The development spans approximately 6 acres with around 1.7 million square feet of RERA area and an estimated Gross Development Value of over ₹9,000 crores. This strategic move aligns with Prestige's expansion strategy in high-demand urban markets, with the company maintaining a robust portfolio of 313 delivered projects spanning 206 million square feet and a current pipeline of 128 projects across 195 million square feet as of December 2025.

10Apr 26

Prestige Estates Projects Acquires 50% Stake in Aaramnagar Realty LLP for Rs. 180 Crores

Prestige Estates Projects Limited acquired 50% partnership interest in Aaramnagar Realty LLP on April 9, 2026, for Rs. 180 crores through cash consideration. The acquisition targets development of a real estate project in Versova, Mumbai. Aaramnagar Realty LLP, formed in 2018, operates in real estate development with nil turnover reported for recent years. The transaction involves no related party considerations and maintains full regulatory compliance.

08Apr 26

Jefferies Maintains Buy Rating on Prestige Estates Projects, Cuts Target Price to ₹1,635

Jefferies maintains its Buy rating on Prestige Estates Projects while cutting the target price from ₹1,850 to ₹1,635. The revision reflects the impact of the Middle East conflict on Q1FY27 home-buying decisions and a significant reduction in FY27 pre-sales growth forecast to approximately 6% YoY from 21% in FY26. The brokerage also cited 50 basis points higher interest and capitalization rates as headwinds, though it believes the sharp valuation correction limits downside despite near-term demand challenges.

07Apr 26

Prestige Estates Projects Records Rs. 20.30 Crore Block Trade on NSE

Prestige Estates Projects Ltd. executed a significant block trade on NSE worth Rs. 20.30 crores involving 168,908 shares at Rs. 1201.80 per share. This institutional transaction highlights substantial investor activity in the real estate developer's stock.

06Apr 26

GIC Private Limited Reduces Stake in Prestige Estates Projects Through Open Market Sale

GIC Private Limited disclosed the sale of 329,563 equity shares (0.077%) in Prestige Estates Projects Limited through open market transactions on 02 April 2026. The transaction reduced GIC's total holding from 3.018% to 2.941%, representing 12,668,828 equity shares post-sale. The disclosure was made under SEBI's Regulation 29(2) as cumulative sales since the last disclosure triggered mandatory reporting requirements.

06Apr 26

Prestige Estates Projects Executes Rs. 107.90 Crore Block Trade on NSE

Prestige Estates Projects completed a significant NSE block trade valued at Rs. 107.90 crores for 932,574 shares at Rs. 1157.00 per share. This transaction follows previous institutional trading activity, indicating sustained large investor interest in the real estate developer.