Prestige Estates Projects Ltd News

Prestige Estates rises 2% as unit acquires stake in Bharatnagar Buildcon

Prestige Estates shares rose 2 per cent after the company's subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth ₹938.75 crore in Bharatnagar Buildcon

Prestige Estate, ITC among top analyst bets; check target, stop-loss

According to Shrikant Chouhan of Kotak Securities, Prestige remains well placed to benefit from sectoral tailwinds, and ITC continues to position itself as a future-ready Indian conglomerate

Nifty Realty index slips 3%; DLF, Prestige, Godrej Properties down 4%

In the past one month, the realty index has tanked 8 per cent, as against 2 per cent rise in the Nifty 50.

Prestige plans up to ₹10,000 crore capex for West India portfolio

Prestige Estates Projects plans ₹8,000-10,000 crore capex to expand its residential and commercial footprint in MMR and Pune, driven by new launches, redevelopment and township-led growth

Prestige Group plans Delhi NCR expansion with new projects in 2026

Planning new projects in Gurgaon, Delhi and Noida in 2026

Prestige Group eyes ₹2,000 cr revenue from new housing project in Mumbai

Prestige Estates Projects Ltd targets about Rs 2,000 crore revenue from its new residential project in Mumbai. In a regulatory filing on Tuesday, the company said it has launched a new residential project - 'Prestige Garden Trails' located at Dahisar-Mira Road corridor on the Western Express Highway in Mumbai. Spanning across 5.2 acres, the project offers a total carpet area of about 10 lakh sq ft, comprising 1,324 units, with a Gross Development Value (GDV) of about Rs 2,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said: "Mumbai continues to be one of our key focus markets." The upcoming project reflects the company's confidence in the strong demand for quality mid-segment housing in the Mumbai Metropolitan Region (MMR). Recently, Prestige Estates launched 620 flats for sale in Ghaziabad with an estimated revenue of Rs 2,200 crore, as part of its strategy to expand business amid strong demand for premium residential properties. Founded in 1986, Pres

Prestige Estates Projects launches 620 homes worth ₹2,200 cr in Ghaziabad

Earlier in April, the realty firm entered the Delhi-NCR market with the 62.5-acre The Prestige City, Indirapuram

Prestige Estates share zooms 7% on robust Q2 sales; Analysts retain 'Buy'

Nuvama Institutional Equities maintained its 'Buy' rating on the stock, while slightly trimming its target price to ₹1,966 from ₹2,009, reflecting a valuation rollover to Q2FY28E.

Stocks to Watch today, Oct 9: TCS, Prestige Estates, Coal India, Senco Gold

Stocks to Watch today, October 9, 2025: From TCS, Coal India to Senco Gold, here is a list of stocks that will be in focus

Despite correction, gains unlikely for realty stocks in the near term

The key trigger for the sector and listed companies are trends in housing sales. Data on this front does not look favourable

Real estate stocks burn investor pockets in 2025; is rebound on the cards?

Real estate sector/stocks: The Nifty Realty index has slumped nearly 14 per cent so far in 2025 (till Sept 15), in sharp contrast to the 6 per cent gain in the benchmark Nifty50 index.

Prestige Estates "doing all things right", says Nomura; sees 17% upside

Superior execution will help scale Prestige Estate's annuity and hotel Earnings before interest, tax, depreciation and amortisation (Ebitda) 4-5x over the next 4-5 years, said Nomura; check target

Q1 presales solid for India's top listed real estate firms, profits patchy

DLF and Prestige power sales; Godrej and Oberoi face revenue drag

Realty index outruns Nifty on GST 2.0 plan; time to buy real estate stocks?

Real estate stocks gained up to 4% today with Anant Raj, Prestige Estates, Sobha, Godrej Prop, DLF among top gainers. Nifty Realty index has outperformed Nifty50 since PM Modi announced GST reforms

Prestige Estates acquires 102 acres in Q1, to build homes worth ₹20,400 cr

Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than Rs 20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. According to its latest investor presentation, the company acquired a total of 102 acres of land in Bengaluru, Hyderabad, Chennai and Mumbai in the first quarter of this fiscal year. These land parcels will be used to develop residential projects, which would have an estimated gross development value (GDV) of Rs 20,400 crore. According to the presentation, Prestige Estates in Hyderabad acquired two plots -- 28 acres in Tellapur and 37 acres in Pulimamidi. In Bengaluru, the company has acquired three land parcels -- 10 acres in Poojanahalli - Devanahalli, 7 acres in Kothanuru, KR Puram and 10 acres in Ittangur, ...

Prestige Estates Q1FY26 results: Profit up 1.46%, revenue grows 21.94%

Prestige Estates posted Rs 311.5 crore in Q1FY26 profit and Rs 2,468.7 crore in revenue; firm plans Rs 10,000 crore investment, eyes Rs 42,000 crore from launches

What led Nuvama to increase Prestige Estates' target price? Find out here

Prestige Estates overall volumes rose to ~9.6msf, up 234% Y-o-Y and 113% Q-o-Q, signaling robust demand across its offerings, which include plotted developments and integrated townships.

Realty firms may post pre-sales growth in Q1FY26 despite demand moderation

Meanwhile, overall housing sales across the top seven Indian cities declined by 20 per cent YoY due to inexorably rising property prices and geopolitical tensions

Prestige Group, Chennai-based realtor form JV to develop ₹1,600 cr project

Prestige Group and Arihant Foundations and Housing Ltd will jointly develop a 3.5-acre residential project in Chennai with a revenue potential of more than Rs 1,600 crore. According to a regulatory filing, Prestige Estates Projects Ltd and Arihant Foundations and Housing Ltd have formed a joint venture to buy 3.48-acre land in Velachery, Chennai from Rane (Madras) Ltd. The acquisition will be undertaken through JV entity Canopy Living LLP. "The land is earmarked for the development of premium residential dwellings with a total development potential of approximately 7.5 lakh square feet and an estimated Gross Development Value (GDV) of over Rs 1,600 crore," the filing said. On Friday, Rane (Madras) Ltd informed that it has sold a 3.48-acre land parcel in Velachery, Chennai to the JV firm for Rs 361 crore. The land deal was facilitated by real estate consultant CBRE. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Chennai continues to be an integral part of o