Prestige Estates

Why did Prestige Estates' share price rise 3% in trade today? Details here

Prestige Estates shares rose after the company's announcement of record-breaking operational results for Q3 and 9MFY26, coupled with launch of a new premium residential project in Bengaluru.

Prestige Estates Q3FY26 sales bookings jump 39% to ₹4,184 cr on high demand

Realty firm Prestige Estates Projects Ltd has reported a 39 per cent increase in its sales bookings to Rs 4183.6 crore in the third quarter of this financial year on better demand for its housing properties. In a regulatory filing late Wednesday, the Bengaluru-based company informed that the company's sales bookings or pre-sales jumped over two times to Rs 22,327.3 crore during the first nine months of this fiscal year. Irfan Razack, Chairman & Managing Director, Prestige Estates Projects Ltd, said, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning," he added. Sales volume stood at 2.99 million sq ft in the third ...

Prestige Group JV buys 16.38-acre land parcel in Chennai for ₹561 crore

Realty firm Prestige Estates Projects Ltd's joint venture firm has agreed to purchase a 16.38-acre land at Padi in Chennai for Rs 561 crore to build a real estate project. Sundaram-Clayton Ltd is the seller of this land parcel. Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd, has signed an agreement for the purchase of a land parcel measuring 16.381 acres located at Padi, Chennai, according to a regulatory filing on January 8. This acquisition is aligned with Prestige Group's strategy of strengthening its presence in high-quality urban locations. Separately, Sundaram-Clayton Ltd informed the exchanges that it has executed an Agreement to Sell on January 8 with Canopy Living LLP for the sale of its land admeasuring 16.381 acres situated at Korattur village, Ambattur Taluk, Chennai district, Tamil Nadu. "Advance of Rs 25 crores received, and the balance consideration of Rs 535.67 crores to be received on execution of the

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Resilient housing demand keeps top realty developers on FY26 track: Nomura

Nomura highlights that developers are on track for a third consecutive quarter of steady sales momentum, driven largely by sustained interest in branded residential offerings.

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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

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Stocks to watch on December 11: Puravankara, Petronet LNG and Prestige Estates are among other top stocks to track today

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

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 Estates Q2 results: Net profit surges 95% to ₹457.4 crore

Prestige Estates Projects Ltd has reported a 95 per cent increase in consolidated net profit to Rs 457.4 crore for the latest September quarter on higher income and lower expenses. Its net profit stood at Rs 234.6 crore in the year-ago period. Total income rose to Rs 2,697.8 crore during the second quarter of this fiscal year, from Rs 2,423.8 crore in the corresponding period of the preceding year, according to a regulatory filing on Wednesday. Irfan Razack, Chairman and Managing Director, Prestige Group, said the company has achieved steady financial and operational performance. "The first half of FY26 has been particularly encouraging, with robust sales momentum and strong cash flows underscoring the enduring trust that homebuyers and investors place in the Prestige brand. Our focus remains on timely delivery, prudent capital allocation, and expanding our footprint across key growth markets," he said. With a healthy launch pipeline ahead, Razack said the company is well-position

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.

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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.