Latest news about Prestige Estates Projects
Prestige Estates Plans to Launch Several New Projects Soon
Prestige Estates Projects
1,670.00
+53.80(+3.33%)
Company Performance:
View Company Insights1D+3.33%
1M+6.74%
6M+11.31%
1Y+2.67%
5Y+358.29%
More news about Prestige Estates Projects
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.
06Apr 26
Prestige Estates Launches Mega 5,120-Unit Township 'Prestige Golden Grove' In Hyderabad With GDV Of ₹9,500 Cr
Prestige Estates Projects has launched Prestige Golden Grove, one of Hyderabad's largest residential developments in Tellapur, featuring 5,120 units across 28.6 acres with a gross development value exceeding ₹9,500 crore. The township offers 2, 3, 3.5, and 4-bedroom homes ranging from 1,169 to 3,013 sq. ft., with ticket sizes between ₹1-3 crore, targeting diverse homebuyer segments in the strategic Tellapur location.
02Apr 26
Prestige Estate: Co Group Secures Prime Land Parcel In Gurugram With ₹4,200 Crore Gdv Potential
Prestige Estates Projects has acquired a strategic 17.212-acre land parcel in Sector 92, Gurugram through a Joint Development Agreement, representing a significant expansion in the NCR market. The project carries an estimated Gross Development Value of ₹4,200 crore with approximately 3 million square feet of saleable area, positioned as a modern residential community near Dwarka Expressway.
27Mar 26
Arihant Foundations Files Regulatory Disclosure on ₹5,000 Crore Chennai Land Acquisition
Arihant Foundations & Housing Limited has officially filed a regulatory disclosure under Regulation 30 regarding its strategic joint venture with Prestige Group for acquiring a prime 16.331 acre land parcel in Padi, Chennai. The acquisition, executed through Canopy Living LLP, represents one of the largest land deals in Chennai over the past decade with an estimated gross development value of ₹5,000 crores and total saleable area of 3.6 million square feet for premium residential development.
09Mar 26
Prestige Estates Projects Issues Corporate Guarantee of ₹400 Crores for Joint Venture Term Loan
Prestige Estates Projects Limited has issued a corporate guarantee of up to ₹400 crores to secure a term loan facility for its joint venture Canopy Living LLP from Aditya Birla Capital Limited. The transaction, disclosed on March 9, 2026, complies with SEBI Listing Regulations and has been conducted on an arm's length basis with no promoter group interest. The guarantee represents a contingent liability with no immediate impact on the company's operations.
21Feb 26
Prestige Group Signs Rs 115 Crore Agreement with BMRCL to Adopt Bellandur Metro Station
Prestige Estates Projects Limited has signed a definitive agreement with BMRCL to adopt Bellandur Metro Station for Rs 115 Cr over 30 years. The partnership grants exclusive naming rights, 3,000 sq. ft. commercial space, and 1,000 sq. ft. advertising entitlement. Located on the ORR Metro Corridor serving India's largest office micro-market, this PPP model demonstrates private sector commitment to enhancing public transportation infrastructure in Bengaluru.
19Feb 26
Prestige Estates Projects Issues Corporate Guarantee of ₹450 Crores for Subsidiary Loan
Prestige Estates Projects Limited disclosed the issuance of a corporate guarantee up to ₹450 crores for its subsidiary Prestige Projects Private Limited's loan from Bajaj Housing Finance Limited. The guarantee was provided on arm's length basis with no promoter group interest, representing a contingent liability with no immediate company impact.
18Feb 26
Prestige Estates Projects Acquires 100% Partnership Interest in Aspire Spaces Tellapur LLP
Prestige Estates Projects Limited completed the acquisition of 100% partnership interest in Aspire Spaces Tellapur LLP on February 18, 2026, for Rs. 1 Million through its wholly owned subsidiaries. The acquisition targets development of a residential project in Tellapur, Hyderabad, with approximately 10 million square feet of saleable area. Aspire Spaces Tellapur LLP, incorporated on July 26, 2024, operates in real estate development with nil turnover for the year ended March 31, 2025.
15Feb 26
Prestige Estates Projects Issues Corporate Guarantee of Up to ₹300 Crores for Subsidiary's Term Loan Facility
Prestige Estates Projects Limited has issued a corporate guarantee up to ₹300 crores for its subsidiary Bharatnagar Buildcon LLP's term loan facility from Canara Bank. The guarantee, disclosed under SEBI Regulation 30, has been provided on an arm's length basis with no promoter interest in the transaction. The arrangement represents a contingent liability for the company with no immediate operational impact, as it supports a subsidiary within the consolidated group while maintaining regulatory compliance.
31Jan 26
Prestige Estates Projects Provides Q3FY26 Investor Call Recording Link
Prestige Estates Projects Limited provided the audio recording link for its investors/analyst call held on January 30, 2026, in compliance with SEBI LODR Regulation 30(6). The call discussed Q3FY26 financial results showing 59% revenue growth to ₹11,294 million and strategic initiatives including subsidiary acquisitions and QIP fund utilization.
29Jan 26
Prestige Estates Projects Q3FY26 Monitoring Report Confirms Compliant QIP Proceeds Utilization
Prestige Estates Projects Limited received a compliant monitoring report from ICRA Limited for Q3FY26, confirming no deviation in its ₹5000.00 crore QIP proceeds utilization. The company has deployed ₹4678.35 crore across debt repayment, land acquisition, subsidiary investments, and general corporate purposes, with ₹321.65 crore remaining for subsidiary investments. All objectives remain on schedule for completion by March 31, 2026.
28Jan 26
Prestige Estates Projects Receives NSE Cautionary Email Over Secretarial Compliance Issues
Prestige Estates Projects Limited received a cautionary email from NSE on January 27, 2026, regarding secretarial auditor observations for FY2025. The issues include corporate governance reporting errors, delayed investor meeting intimations, and late integrated financial filing submissions. The company has clarified all matters with no financial impact and committed to improved compliance procedures.
23Jan 26
Prestige Estates Projects Shares Fall 2.26% Amid Volume Surge
Prestige Estates Projects shares declined 2.26% to ₹1,390.50 amid high trading volume on Friday. The company reported strong quarterly results with revenue of ₹2,431.70 crores and net profit of ₹445.60 crores for September 2025 quarter. Annual performance showed revenue of ₹7,349.40 crores with improved debt-to-equity ratio of 0.69, while the company maintains dividend payments and continues business expansion activities.
19Jan 26
Prestige Group Reports Strong Office Occupancy, Plans REIT Launch by FY28-29
Prestige Group reports strong real estate performance with 96% office occupancy and no demand stress across South India, Mumbai and NCR markets. The company achieved 100% leasing on its 2.3 million sq ft Outer Ring Road project and plans REIT launch after reaching 45 million sq ft of leased office assets by FY28-29. Management has prepared hospitality business IPO but awaits optimal market conditions.
16Jan 26
Prestige Estates Projects Records Highest-Ever Sales of ₹223 Billion in 9M FY26
Prestige Estates Projects has announced exceptional operational results for Q3 and 9M FY26, recording highest-ever sales of ₹223 billion and collections of ₹132 billion in the nine-month period. The company achieved Q3 FY26 pre-sales of ₹41.80 billion, representing strong 39% year-on-year growth. Additionally, the company launched Evergreen at Prestige Raintree Park in Whitefield, Bengaluru, a premium residential project with ₹5,000 crores GDV.
15Jan 26
Prestige Estates Q3 FY26 Pre-Sales Jump 39% To ₹41.8B On Strong Housing Demand
Prestige Estates Projects delivered record-breaking Q3 FY26 results with pre-sales jumping 39% to ₹41,836 million and collections growing 40% to ₹45,475 million. The company's nine-month sales reached an unprecedented ₹223,273 million, marking 122% year-on-year growth and surpassing previous full-year peaks. Strong execution momentum continued with 5.02 million sq. ft. of new launches and 4.72 million sq. ft. of completions during the quarter.
14Jan 26
Prestige Estate Launches Evergreen at Prestige Raintree Park, A ₹5,000 Crore Premium Living Project in Whitefield, Bengaluru
Prestige Estates Projects has launched Evergreen at Prestige Raintree Park, a premium residential development in Whitefield, Bengaluru, with an estimated Gross Development Value of ₹5,000.00 crores. The project spans 24 acres and comprises 2,000 apartments with 3.20 million square feet of saleable area, offering one to four-bedroom residences starting at ₹92.00 lakhs.
10Jan 26
Prestige Estates Projects Incorporates Orange Grove Lands as Wholly-Owned Subsidiary
Prestige Estates Projects Limited incorporated Orange Grove Lands Private Limited as a wholly-owned subsidiary on January 9, 2026, with ₹1.00 lakh paid-up capital and ₹10.00 lakh authorized capital. The subsidiary, established for real estate development activities, was acquired through subscription of 10,000 equity shares at ₹10.00 each, representing 100% ownership for a total cash consideration of ₹1.00 lakh.
10Jan 26
Prestige Estates Projects Incorporates Stellar Prism Private Limited as Wholly-Owned Subsidiary
Prestige Estates Projects Limited incorporated Stellar Prism Private Limited as a wholly-owned subsidiary on January 9, 2026, with ₹10.00 lakh authorized capital and ₹1.00 lakh paid-up capital. The subsidiary will focus on real estate development business and is yet to commence operations. The company acquired 100% shareholding by subscribing to 10,000 equity shares at ₹10 each.
09Jan 26
Prestige Estates Projects Launches Two New Real Estate Development Units
Prestige Estates Projects has introduced two new subsidiary units - Stellar Builder Dynamics LLP and Stellar Envision LLP - focused on real estate development. Both entities are set to begin operations from January 8, 2026, representing a strategic expansion of the company's development capabilities.
09Jan 26
Prestige Estates Projects Incorporates Two New Wholly Owned Subsidiaries for Real Estate Development
Prestige Estates Projects Limited incorporated two wholly owned subsidiaries on January 8, 2026 - Stellar Builder Dynamics LLP and Stellar Envision LLP, both focused on real estate development. Each subsidiary received ₹1.00 lakh contribution for 100% partnership interest and operates under the Limited Liability Partnership Act, 2008. The newly formed entities are yet to commence business operations and strengthen the company's real estate development capabilities.
08Jan 26
Prestige Estates signs agreement to buy 16.38-acre land parcel in Chennai
Prestige Estates Projects has signed an agreement to purchase a 16.38-acre land parcel in Chennai's Padi area through its joint venture Canopy Living LLP. The strategic acquisition is located near Anna Nagar, a prime residential micro-market, and aligns with the company's expansion strategy in high-quality urban locations.
05Jan 26
Prestige Estates Projects Sees ₹19.96 Crore Block Trade on NSE at ₹1,619 Per Share
Prestige Estates Projects recorded a significant NSE block trade worth ₹19.96 crores involving 123,303 shares at ₹1,619.00 per share. The transaction highlights institutional activity in the real estate sector and demonstrates continued investor interest in the company through large off-market deals.
01Jan 26
Prestige Estates Projects Executes ₹48.84 Crore NSE Block Trade
Prestige Estates Projects Ltd. completed a significant NSE block trade involving 305,435 shares at ₹1,599.00 per share, generating a total transaction value of ₹48.84 crores. The block trade represents substantial institutional trading activity in the real estate developer's stock, executed through NSE's specialized trading mechanism for large-volume transactions.
23Dec 25
Prestige Group Strengthens Chennai Portfolio With 25-Acre Medavakkam Acquisition
Prestige Estates Projects has strategically acquired 25 acres of prime land in Chennai's Medavakkam area, offering approximately 5 million square feet of development potential with estimated revenue exceeding ₹5,000 crore. The acquisition strengthens the company's presence in Chennai's rapidly developing real estate market, particularly in the mid-segment housing sector supported by improving infrastructure and proximity to key employment hubs.
10Dec 25
Prestige Estates Projects Unit Acquires Partnership Stake in Bharatnagar Buildcon LLP
Prestige Estates Projects has completed a strategic acquisition through its subsidiaries, investing ₹938.75 crores to secure 66.93% partnership interest in Bharatnagar Buildcon LLP. The transaction involves Prestige Falcon Realty Private Limited acquiring 63.12% stake and Prestige Projects Private Limited holding 3.81% stake in the real estate development entity incorporated in 2011.
01Dec 25
Prestige Estates Issues INR 550 Crore Corporate Guarantee for Subsidiary's Term Loan
Prestige Estates Projects Limited has issued a corporate guarantee of up to INR 550 crores to secure a term loan facility for its wholly owned subsidiary, Prestige Falcon Malls Private Limited, from DBS Bank India Limited. The guarantee represents a contingent liability for Prestige Estates. The company's recent financial metrics show significant growth in total assets and equity, suggesting a strong financial foundation.
20Nov 25
Prestige Estates Projects Reports No Deviation in Rs 5000 Crore QIP Fund Utilization
Prestige Estates Projects Limited's latest monitoring agency report for Q3 2025 shows no material deviation in the utilization of Rs 5000 crore QIP proceeds. Of the total amount, Rs 4579.35 crore has been utilized for debt repayment, land acquisition, investments in subsidiaries, and general corporate purposes. Rs 420.65 crore remains unutilized and is temporarily invested in bank fixed deposits. All objectives are on schedule for completion, with deadlines set between March 2025 and March 2026. The report provides a detailed breakdown of fund allocation and utilization across various objectives.
12Nov 25
Prestige Estates Unveils Ambitious ₹60,000 Crore Project Pipeline Across Major Indian Cities
Prestige Estates Projects Limited announced a ₹60,000 crore growth strategy, including ₹25,000 crore in ongoing projects and ₹35,000 crore in upcoming pipeline. The plan focuses on expanding in Bengaluru, Mumbai, NCR, and Hyderabad, strengthening both residential and commercial segments. The company aims to bolster its presence in hospitality and retail assets, potentially using the REIT route. Prestige Estates reported strong Q2 and H1 FY26 results, with revenue reaching ₹51,665.00 million in H1, up 16.15% YoY. The company achieved record-breaking H1 FY26 sales of ₹181,437.00 million, surpassing its entire FY25 annual sales within six months.
14Oct 25
Prestige Group Launches ₹2,000 Crore Residential Project in Mumbai's Dahisar-Mira Road Corridor
Prestige Estates Projects has launched Prestige Garden Trails, a residential project in Mumbai's Dahisar-Mira Road corridor. The development spans 5.2 acres with 1,324 units, offering 1, 2, and 3-bedroom apartments. The project, valued at ₹2,000 crore, is strategically located near an upcoming Metro station and includes amenities such as landscaped gardens, a clubhouse, and fitness facilities. This launch aligns with Prestige Group's strategy to expand in Mumbai's real estate market.
12Oct 25
Prestige Estates Launches Second Phase of Ghaziabad Township, Reports Strong Q2 Performance
Prestige Estates Projects Ltd has launched 620 residential units in the 'Mayflower' phase of 'The Prestige City, Indirapuram' township in Ghaziabad. The company anticipates generating Rs 2,200 crore in revenue from this phase. The first phase of the project, comprising 3,421 units, has already seen nearly all units sold with a sales value of Rs 9,000 crore. Prestige Estates reported strong Q2 FY2024 results, with sales bookings up 50% year-over-year to Rs 6,017.30 crore. The company's H1 FY2024 sales reached Rs 18,143.70 crore, surpassing the previous fiscal year's total sales bookings.
10Oct 25
Prestige Estates Issues ₹250 Crore Corporate Guarantee for Subsidiary's Loan Facility
Prestige Estates Projects Limited has issued a corporate guarantee of up to ₹250 crores for its subsidiary, Dollars Hotel and Resorts Private Limited. The guarantee is to secure a loan facility from Canara Bank/Catalyst Trusteeship Limited. The transaction is on an arm's length basis and constitutes a contingent liability for Prestige Estates. The company stated that there is no promoter or group interest in this transaction. This move aligns with Regulation 30 of SEBI Listing Regulations.
09Oct 25
Prestige Estates Shares Surge on Record-Breaking H1 Sales Performance
Prestige Estates Projects Limited's shares jumped over 5% following announcement of exceptional sales figures for H1 FY24. The company reported sales of Rs 181,437 million, a 157% YoY growth, surpassing previous fiscal year's total sales. Q2 sales reached Rs 60,173 million, up 50% YoY. The company saw improved realizations in apartments and plots, and demonstrated balanced geographical sales distribution across major Indian cities. Prestige Estates launched projects totaling 3.87 million sq ft in Q2 and maintained strong performance in office and retail segments. Nomura maintained a 'buy' rating with a target price of Rs 1,900.
09Oct 25
Prestige Estates Projects Sees ₹53.46 Crore Block Trade on NSE
Prestige Estates Projects Ltd. experienced a significant block trade on the NSE, with 334,003 shares changing hands at ₹1,600.70 per share, totaling ₹53.46 crores. This transaction occurs as the company reports record-breaking sales of ₹181,437.00 million in H1, a 50% year-on-year growth in quarterly sales to ₹60,173.00 million, and a 47% increase in sales volume to 4.42 million square feet. The company also saw improved average realization and strong collections, up 54% year-on-year to ₹42,128.00 million.
08Oct 25
Prestige Estate Achieves Record-Breaking Sales in Q2, Surpassing Full-Year FY25 Performance
Prestige Estates Projects Limited reported exceptional Q2 results with sales reaching ₹60,173.00 million, a 50% year-over-year increase. Collections grew by 54% to ₹42,128.00 million, while sales volume increased by 47% to 4.42 million sq ft. The company sold 2,069 units across diverse markets, with Bengaluru contributing 40% of sales. Average realizations improved for both apartments and plots. The company launched 3.87 million square feet of new projects with a GDV of ₹39,669.00 million. Office segment achieved 93.42% occupancy, while retail segment reported 99% occupancy with 9% YoY growth in turnover.
06Oct 25
Prestige Estates Subsidiary Faces ₹154 Crore GST Notice
Prestige Mulund Realty Private Limited, a subsidiary of Prestige Estates Projects Limited, has received a show cause notice from DGGI Mumbai for alleged non-payment or short-payment of GST. The notice demands ₹153.60 crore plus equivalent penalty and interest. Prestige Estates believes the demand is not maintainable and does not expect material impact on financials or operations. The company's shares closed at ₹1,547.00 on BSE, up 0.94%.
11Sept 25
Prestige Estates Projects Shareholders Approve All 12 Resolutions at 28th AGM, Including Rs 1.80 Final Dividend
Prestige Estates Projects Limited held its 28th Annual General Meeting on September 10, 2025, in Bengaluru. Shareholders approved all 12 proposed resolutions, including the adoption of financial statements, declaration of a Rs 1.80 per share dividend, re-appointment of Mr. Irfan Razack as Director, and approval for issuing Non-Convertible Debentures. The meeting saw strong participation with 94 attendees present. Key approvals included revisions to Ms. Uzma Irfan's remuneration and material related party transactions with subsidiaries. Most resolutions received over 90% support, indicating strong shareholder alignment with the company's strategic decisions and governance practices.
11Sept 25
Forum Malls Unveils Ambitious Expansion Plan, Set to Double Portfolio by 2029
Prestige Estates Projects' retail arm, Forum Malls, announces plans to open 14 new shopping centers in major Indian cities by 2029, expanding from 11 to 25 malls. The expansion focuses on tier-I markets including Delhi, Mumbai, Bengaluru, Chennai, and Hyderabad. A unique 800,000 sq ft athleisure-focused mall near Bengaluru's international airport is planned for 2027. The company expects a 15% increase in footfall and revenue for the upcoming festive season, allocating 30%-40% of its annual marketing budget for this period.
03Sept 25
Prestige Estates' Subsidiary Faces ₹161 Crore GST Show-Cause Notice
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.
01Sept 25
Prestige Estates: Corporate Guarantee Issued Amid Property Fee Hike Criticism
Prestige Estates Projects has issued a ₹1,000 crore corporate guarantee for its subsidiary, Prestige Acres Pvt Ltd. Simultaneously, the company's Chairman, Irfan Razack, criticized Karnataka's decision to increase property registration fees from 1% to 2%, calling it 'unfair' to homebuyers. Despite this, Razack remains confident about the real estate market, citing strong IT sector performance and increased commercial space leasing. He also appealed for the reinstatement of GST input tax credit. Prestige Estates Projects' shares closed 1.42% higher at ₹1,584.00 on the NSE.
10Aug 25
Prestige Estates Projects Aims to Surpass Rs 25,000 Crore Pre-Sales Target in FY26
Prestige Estates Projects aims to exceed Rs 25,000 crore in pre-sales for FY26, bolstered by strong Q1 performance with Rs 12,126.40 crore in sales. The company holds Rs 20,000 crore in inventory and a Rs 42,000 crore development pipeline. Mid-market segment (Rs 1-3 crore properties) drives consistent demand. Prestige Estates received clearance for its hospitality arm's IPO, expected by mid-September. The company views recent RBI rate cuts positively but cautions against rapid property price increases.
09Aug 25
Prestige Estates Projects Acquires 102 Acres for Rs 20,400 Crore Housing Projects, Reports Strong Q1 Performance
Prestige Estates Projects acquired 102 acres of land across four major Indian cities in Q1, planning residential projects with an estimated gross development value of Rs 20,400 crore. The company's consolidated net profit increased by 26% to Rs 292.50 crore, while total income rose to Rs 2,468.70 crore. Sales bookings jumped four-fold to Rs 12,126.40 crore, driven by strong demand for its Ghaziabad housing project. The company has set a guidance target of Rs 27,000 crore in sales bookings for the current fiscal year.
07Aug 25
Prestige Estates Reaffirms FY'26 Pre-Sales Target of ₹25,000-27,000 Crore
Prestige Estates Projects Limited reaffirms its FY'26 pre-sales target of ₹25,000-27,000 crore despite strong recent performance. The company projects residential revenue of ₹8,000-10,000 crore and office rental income of ₹8,200 million by FY'26 end. An expected debt increase of ₹1,000-1,200 crore is anticipated. The company recently held an investors/analyst call to discuss Q1 FY'26 results, with the audio recording made public.
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.
Industry Peers
DLF
Lodha DevelopersPrestige Estates Projects
Phoenix Mills
Oberoi Realty
Godrej Properties
Anant Raj
Brigade Enterprises
Sobha
Signatureglobal
668.55
(+1.40%)
1,239.80
(-0.33%)
1,670.00
(+3.33%)
1,955.00
(+3.26%)
1,861.10
(+1.83%)
2,089.70
(-0.76%)
626.15
(+0.26%)
583.65
(+0.59%)
1,372.30
(+0.01%)
833.65
(+1.61%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
