Updates

Prestige Estates Says Hospitality Arm Retains IPO Option Until September 30, 2026, Alongside Ongoing Private Equity Talks

During the Q1 FY27 earnings call, Prestige Estates' leadership disclosed that the group retains the option to pursue an IPO of its hospitality portfolio until September 30, 2026, even as it continues discussions with private equity firms for a potential stake sale.

Prestige Estates Q1 FY27 Consolidated Net Profit Falls 19% YoY to ₹235.9 Crore Despite 16% Revenue Growth

Prestige Estates reported Q1 FY27 consolidated net profit of ₹235.9 crore, down 19% year-on-year, even as total income rose to ₹2,835.6 crore from ₹2,468.7 crore a year earlier.

Prestige Estates Publishes 29th AGM Notice Seeking Approval for ₹20,000 Crore NCD Issuance and FY26 Final Dividend

Prestige Estates has published its 29th AGM notice for August 20, 2026, seeking shareholder approval for a ₹20,000 crore non-convertible debenture issuance via private placement, alongside a ₹2 per share final dividend for FY26.

Prestige Estates Signs Strategic Partnership for ₹6,000 Crore Residential Project Near Kolshet-Balkum Road, Thane

Prestige Estates has entered a strategic partnership to develop a 14.6-acre residential-cum-retail project near Kolshet-Balkum Road in Thane, with an estimated GDV of ₹6,000 crore.

Prestige Estates Projects Files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26

Prestige Estates Projects filed its BRSR and Integrated Annual Report for FY26 with stock exchanges, formally documenting the year's record operational and financial performance.

Prestige Estates Completes Three Projects Totaling 4.37 Million Sq Ft in Q1 FY27, Including Prestige Cityscape in Kochi

Alongside its Q1 FY27 launch pipeline, Prestige Estates disclosed the completion of three projects covering 4.37 million sq ft, including Prestige Tech Forest and Prestige Sanctuary in Bengaluru and Prestige Cityscape in Kochi.

Prestige Group Acquires 2.35-Acre Land Parcel in Mulund West, Mumbai for ₹110.75 Crore

Prestige Mulund Realty Private Limited has acquired a 2.35-acre land parcel near The Prestige City township in Mulund West, Mumbai, for ₹110.75 crore, potentially supporting a future phase of the existing development.

Prestige Estates Issues ₹370 Crore Corporate Guarantee for Subsidiary Prestige Alta Vista Properties LLP's Axis Bank Loan

Prestige Estates Projects has issued a corporate guarantee for a loan of up to ₹370 crore availed by its wholly-owned subsidiary Prestige Alta Vista Properties LLP from Axis Bank Limited.

Prestige Estates Q1 FY27 Pre-Sales Fall 45.7% YoY to ₹6,579 Crore Amid High Base Effect

Prestige Estates reported Q1 FY27 residential pre-sales of ₹6,579 crore, down 45.74% YoY due to a high base from the record NCR-driven Q1 FY26, though the company launched 20.16 million sq ft of new developable area during the quarter.

Ambit Capital Raises Prestige Estates Target Price to ₹2,125, Names It Top Large-Cap Real Estate Pick for FY27

Brokerage Ambit Capital named Prestige Estates among its top large-cap real estate picks for FY27, raising its target price to ₹2,125 and citing steady cash flows despite a potential residential downturn.

Prestige Estates Records ₹6,300 Crore Pre-Sales in First Two Months of Q1 FY27, Tracking Ahead of Annual Target

Prestige Estates posted around ₹6,300 crore in pre-sales in the first two months of Q1 FY27, already about 18% of Morgan Stanley's full-year pre-sales estimate, with the brokerage citing resilient housing demand in Bengaluru and Hyderabad.

Prestige Estates Raises FY27 Launch Pipeline Estimate to ₹58,000 Crore, Identifies Pune as Next Expansion City

Prestige Estates has updated its FY27 launch pipeline estimate to approximately ₹58,000 crore across key cities, while specifically identifying Pune as its next major growth frontier beyond the Mumbai Metropolitan Region. The developer targets ₹35,000–36,000 crore in pre-sales for FY27.

Prestige Estates Projects to Invest ₹15,000 Crore in FY27 Construction Across Residential and Commercial Projects

Prestige Estates Projects has announced a ₹14,000–15,000 crore construction investment plan for FY27, allocating ₹9,500–10,000 crore to housing and ₹4,500–5,000 crore to commercial projects. The spend targets timely execution of its 128-project, 195 msf pipeline across South India, MMR, and Delhi-NCR.

Prestige Kompally Opens EOI from September 1 and Pre-Launch from September 10, 2026, with Official Launch Planned for December 15, 2026

Prestige Kompally, a ~40-acre township on NH-44 in North Hyderabad, has announced a phased launch timeline: EOI priority booking from September 1, pre-launch from September 10, and the official launch on December 15, 2026. RERA registration is expected around November 2026.

Prestige Estates Signs 50:50 JV with Advent Hotels for ₹4,500 Crore Integrated Hospitality-Commercial Project in Sahar, Andheri, Mumbai

Prestige Estates Projects Limited executed an Investment Agreement on July 3, 2026 to acquire a 50% equity stake in Advent Convention and Hotels International Limited (ACHIL) for ₹504 crore, forming a 50:50 JV to co-develop a 1.50 million sq ft hospitality-led integrated commercial project on a 5.4-acre land parcel in Sahar, Andheri East, Mumbai, with a projected GDV of ₹4,500 crore.

HSBC Signs Letter of Intent with Prestige Group for 1.2 Million Sq Ft 'Prestige JRC Signature Towers' Campus on Bengaluru's Outer Ring Road

HSBC has signed a Letter of Intent with Prestige Group to pre-lease two towers totalling about 1.2 million sq ft at the new 'Prestige JRC Signature Towers' campus on Bengaluru's Outer Ring Road.

Prestige Century Landmark Commercial Project Launched in Hebbal, Bengaluru as Part of Q1 FY27 Pipeline

Prestige Estates launched Prestige Century Landmark, a commercial office project in Hebbal, Bengaluru, as one of four projects launched during Q1 FY27.

Prestige Estates Projects Included as Constituent of New BSE REITs & Commercial Real Estate Index

Prestige Estates Projects has been included as a constituent in the newly launched BSE REITs & Commercial Real Estate Index, carrying a 9.49% weightage, as confirmed by performance data as of June 30, 2026.

Prestige Estates Launches Phase 2 of Prestige Forest Hills at The Prestige City, Mulund with ₹2,200 Crore GDV

Prestige Estates Projects has officially launched Phase 2 of Prestige Forest Hills — comprising Towers C and D — within its 32-acre integrated township at Mulund, Mumbai. The phase introduces 500 premium 3 and 4 BHK residences across approximately 1.7 million sq ft, with an estimated GDV of ₹2,200 crore and ticket sizes starting at ₹2.73 crore.

Prestige Estates Considers Shift to Percentage-of-Completion Accounting Method Amid ₹65,000 Crore Unrecognised Revenue

Prestige Estates is actively considering a transition to the percentage-of-completion (POC) revenue recognition method, a move that could materially change how its earnings are reported. This follows the company's disclosure of ₹65,000 crore in unrecognised revenue on the back of record FY26 pre-sales of ₹30,024 crore.

Prestige Estates Discloses ₹65,000 Crore Unrecognised Revenue; Targets ₹35,000–36,000 Crore Pre-Sales in FY27

Prestige Estates Chairman Irfan Razack disclosed the company holds approximately ₹65,000 crore of unrecognised revenue in its books, driven by three consecutive years of record pre-sales. He also set a FY27 pre-sales guidance of ₹35,000–36,000 crore and revealed a ₹58,000 crore launch pipeline for the current fiscal.

Prestige Group Acquires 21 Acres in Whitefield, Bengaluru for ₹4,500 Crore Premium Residential Development with 1,800 Luxury Apartments

Prestige Group has acquired a 21-acre land parcel in Whitefield, Bengaluru, earmarked for a premium residential development comprising approximately 1,800 luxury apartments with an estimated development value of ₹4,500 crore.

Prestige Plans Two New Housing Project Launches in Delhi-NCR (Noida & Gurugram) for FY27 with ₹6,800 Crore Revenue Potential

Prestige Estates announced plans to launch two new housing projects in Delhi-NCR this fiscal—one each in Noida and Gurugram—with estimated combined revenue potential of approximately ₹6,800 crore and 8 million sq ft of developable area.

Dev Accelerator Acquires Office Assets with Prestige Group Partnership

Dev Accelerator acquired two premium Grade A+ office assets in partnership with Prestige Group in Bengaluru's Outer Ring Road micro-market, expanding portfolio by 1.11 lakh sq ft.

Prestige Estates Reduces Stake in Stellar Envision LLP to 50% for Bangalore Real Estate Projects

Prestige Estates reconstitutes Stellar Envision LLP, reducing its stake from 100% to 50% and admitting a new non-promoter partner for Bangalore real estate projects.

Prestige Hospitality Ventures Shelves IPO Plans, Explores $300 Million Minority Stake Sale to Private Equity

Prestige Estates Projects is putting on hold the previously SEBI-approved ₹2,700 crore IPO of its hospitality arm, Prestige Hospitality Ventures Ltd., and is instead in early-stage discussions with private equity investors to raise approximately $300 million through a minority stake sale. The company cited geopolitical instability and a near-10% decline in India's Sensex in 2026 as reasons for caution.

Prestige Group Targets ₹600 Crore ($6.3B) in Project Launches for FY27

Prestige Estates targets ₹600 billion in estimated sales value for FY27, with BlackRock and Vanguard among its investors.

Prestige Targets $6.3B in Project Launches for FY27

Prestige Estates Projects plans approximately $6.3 billion (₹600 billion) in estimated sales value for the 2026-27 financial year as it prepares to launch projects across the country.

Prestige-BACL Launch Integrated Convention and Hospitality Hub at Bengaluru Airport City

Prestige Group and Bengaluru Airport City Limited (BACL) announced a landmark integrated destination at Bengaluru Airport City featuring convention centre, luxury hotels, office space, and hospitality facilities.

Prestige-BACL Launch ₹1,800 Crore Convention Hub at Bengaluru Airport

Prestige Group and Bengaluru Airport City Limited announced a landmark 1.5 million sqft mixed-use development featuring a convention centre, luxury hotels, office space, and performing arts venue at Bengaluru Airport City.

Dev Accelerator (DevX) Partners with Prestige Group to Add 1.11 Lakh Sq Ft Managed Workspace in Bengaluru

Dev Accelerator Limited partners with Prestige Group to expand managed workspace portfolio in Bengaluru, adding 1.11 lakh sq ft with launch expected August 1, 2026.

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

Morgan Stanley reaffirmed its 'Overweight' rating on Prestige Estates Projects on June 4, 2026, setting a revised target price of ₹1,920 per share. The endorsement reflects the brokerage's confidence in Prestige's FY27 launch pipeline and strong demand across key markets.

Prestige Grove Hills Opens Pre-Launch Bookings Ahead of Official November 5, 2026 Launch in Whitefield, Bangalore

Prestige Group has opened pre-launch bookings for Prestige Grove Hills in Whitefield, East Bangalore, with an official launch date of November 5, 2026. The project offers 700 homes across 7 acres in four high-rise towers of up to 29 floors, with 1, 2, and 3 BHK apartments and Karnataka RERA registration in process.

Prestige Forest Edge Pre-Launched on Kanakapura Road, South Bangalore with 1,110 Homes Across 6 Towers

Prestige Group has taken Prestige Forest Edge on Kanakapura Road, South Bangalore, to pre-launch stage. The project spans 8 acres with approximately 1,110 homes in six high-rise towers (2B+G+28 floors), offering 1, 2, and 3 BHK apartments from ₹71 lakh onwards, with Karnataka RERA registration in process.

Prestige City Indirapuram Achieves ₹9,500 Crore Pre-Sales in Its First Year, Becomes Prestige's Most Successful NCR Launch

Prestige City at Indirapuram (Ghaziabad, Delhi-NCR), Prestige Group's first NCR residential project, recorded pre-sales of over ₹9,500 crore within its first year of launch, making it one of the most successful projects in the company's history. The milestone was disclosed by CMD Irfan Razack in a post-FY26 results investor interaction.

Jefferies Maintains Buy on Prestige Estates Projects, Cuts Target Price from ₹1,850 to ₹1,635 Citing Middle East Conflict Impact

Brokerage Jefferies maintained its Buy rating on Prestige Estates Projects while reducing its price target from ₹1,850 to ₹1,635, citing the impact of the ongoing Middle East conflict on Q1 FY27 homebuying decisions and a lowered FY27 pre-sales growth forecast of ~6% YoY.

Prestige Q4 FY26 Net Profit Jumps 10-Fold to ₹250 Crore

Prestige Estates reported consolidated net profit of ₹250.1 crore for Q4 FY26, a 10-fold increase from ₹25 crore in the year-ago period, with total income doubling to ₹4,143.5 crore.

Prestige Estates Redesignates Uzma Irfan as Whole-Time Director for Five-Year Term

Prestige Estates Projects redesignated Ms. Uzma Irfan as Whole-Time Director effective May 21, 2026, for a five-year term ending May 20, 2031, as part of a leadership succession and organisational strengthening initiative.

Prestige Estates Recommends ₹2 Per Share Final Dividend for FY26

The Prestige Estates Projects Board of Directors recommended a final dividend of ₹2 per equity share (20% on face value) for the financial year ended March 31, 2026, subject to shareholder approval at the 29th Annual General Meeting.

Prestige Estates Board Approves ₹2,000 Crore Non-Convertible Debenture Issuance

At its May 21, 2026 board meeting, Prestige Estates Projects approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹2,000 crore on a private placement basis, subject to shareholder approval. The capital raise is intended to support future growth and operational requirements.

Prestige FY26 Full Year Results: Revenue ₹12,685.4 Cr, Net Profit ₹1,195.5 Cr

Prestige Estates announced robust FY26 audited results with annual revenue of ₹12,685.4 crore (up 72.6%) and net profit of ₹1,195.5 crore (up 155.7%), with 20% final dividend approved.

Prestige Estates Q4 FY26 Monitoring Report Confirms Full Compliance in ₹5,000 Crore QIP Proceeds Utilisation

Prestige Estates Projects filed its Q4 FY26 monitoring agency report on May 13, 2026, confirming no material deviation in the utilisation of ₹5,000 crore raised through its Qualified Institutional Placement (QIP). All stated deployment objectives were completed on schedule by March 31, 2026.

Prestige Gardenia Estates Phase 2 Launched in Devanahalli with 195 Plots and ₹400 Crore Revenue Potential

Prestige Estates launched Phase 2 of Prestige Gardenia Estates, a plotted development in Devanahalli with 195 plots across 21 acres targeting ₹400 crores in revenue potential.

Prestige Golden Grove Achieves ₹2,500 Cr Sales within 2 Weeks of Launch

Prestige Golden Grove achieved remarkable momentum with ₹2,500 crore in sales and 1,700+ units sold within two weeks of its April 2026 launch.

Prestige Achieves Record FY26 Sales of ₹30,024.5 Crore, Beats ₹27,000 Cr Target

FY26 ended with ₹30,024.5 Crore sales and ₹18,515 Crore collections.

Prestige Group Partners with Autodesk for Three-Year Digital Transformation Initiative

Prestige Group announces three-year strategic partnership with Autodesk to deploy design and construction technologies across its real estate portfolio.

Prestige Nautilus Worli Crosses 60% Inventory Sold with Over ₹4,400 Crore in Sales

Prestige Nautilus, the ultra-luxury residential project in Worli, Mumbai, has achieved over 60% inventory sales valued at more than ₹4,400 crore, demonstrating robust demand for premium housing in South Mumbai.

Prestige Estates Acquires 50% Stake in Aaramnagar Realty LLP for ₹180 Crore to Facilitate Versova Residential Project in Mumbai

Prestige Estates Projects acquired a 50% partnership interest in Aaramnagar Realty LLP on April 9, 2026, for ₹180 crore in cash. The LLP holds the land for the Versova residential project in Mumbai, and the transaction was disclosed as a non-related party deal with full regulatory compliance.

Prestige Group Acquires 30+ Acres at KIADB Aerospace Park Phase 2, North Bengaluru for Mixed-Use Residential Township

Prestige Group has acquired a 30+ acre land parcel at KIADB Aerospace Park Phase 2 in Bagalur, North Bengaluru. Strategically located near the Satellite Town Ring Road and Kempegowda International Airport, the site is earmarked for a mixed-use residential township with an expected launch in 2027.

Prestige Golden Grove Launches in Tellapur with 5,120 Units

Prestige Golden Grove launched on April 9, 2026, in Velimela, Tellapur, Hyderabad. The premium township spans 28.7 acres with 10 high-rise towers (52 floors) and 5,120 Sky-Villament units, achieving strong early sales exceeding 1,800 units.

Prestige Forms JV with ABIL Group for ₹9,000 Crore Versova Residential Project in Mumbai

Prestige Estates acquired 50% partnership interest in Aaramnagar Realty LLP for ₹180 crore with ABIL Group to develop a premium residential project in Versova, Mumbai with ₹9,000 crore GDV.

GIC Private Limited (Government of Singapore) Reduces Stake in Prestige Estates Projects from 5.01% to 2.94% via Open Market Sales

GIC Private Limited, acting on behalf of the Government of Singapore, disclosed a reduction of its aggregate stake in Prestige Estates Projects Limited from approximately 5.01% (as per its March 2025 disclosure) to 2.94%, through a series of open market transactions culminating in a sale of 329,563 shares on April 2, 2026.

Prestige Golden Grove Receives RERA Registration in Tellapur, Hyderabad

Prestige Golden Grove received RERA registration (P01100010708) on April 2, 2026, and HMDA approval on March 13, 2026. The 28.7-acre township project in Tellapur is now open for unit allotments and formal bookings.

Prestige Signs JDA for ₹4,200 Crore Housing Project in Gurugram Sector 92

Prestige Estates signed a Joint Development Agreement for a 17.2-acre residential project in Sector 92, Gurugram, with estimated revenue potential of ₹4,200 crore and 3 million sq ft saleable area.

Prestige Eaton Park Receives Karnataka RERA Approval Alongside Fernvale in Sarjapur Prestige City 2.0 Launch Wave

Prestige Eaton Park, another phase within The Prestige City township on Sarjapur Road, secured Karnataka RERA registration in March 2026 and opened for bookings alongside Prestige Fernvale.

Prestige Fernvale Receives Karnataka RERA Approval, Launches as Phase 6 of The Prestige City, Sarjapur Road

Prestige Fernvale, part of The Prestige City township on Sarjapur Road, received Karnataka RERA registration on 11 March 2026 and was officially launched on 20 March 2026.

Prestige Estates Issues ₹400 Crore Corporate Guarantee for JV Canopy Living LLP's Term Loan

Prestige Estates Projects issued a corporate guarantee of up to ₹400 crore on March 9, 2026 to secure a term loan for its joint venture Canopy Living LLP from Aditya Birla Capital Limited. The guarantee is a contingent liability with no immediate impact on the parent company's financials.

CRISIL DA1+ Rating Reaffirmed for Prestige Group in March 2026

CRISIL DA1+ was reaffirmed in March 2026, marking a strong trust signal for buyers.

Prestige Signs ₹115 Crore Agreement with BMRCL for Bellandur Metro Station Co-Branding

Prestige Group signed a 30-year co-branding agreement with Bangalore Metro Rail Corporation for Bellandur Metro Station, investing ₹115 crore for station upgradation and securing naming rights.

Prestige Estates Issues ₹450 Crore Corporate Guarantee for Subsidiary Prestige Projects Private Limited's Bajaj Housing Finance Loan

Prestige Estates Projects Limited disclosed to stock exchanges on 19 February 2026 the issuance of a corporate guarantee of up to ₹450 crore for a loan facility availed by its subsidiary Prestige Projects Private Limited from Bajaj Housing Finance Limited. The guarantee is provided on an arm's length basis and represents a contingent liability with no immediate financial impact on the parent.

Prestige Completes Aspire Spaces Tellapur Acquisition for 10 MSF Hyderabad Project

Prestige acquired 100% partnership interest in Aspire Spaces Tellapur LLP for ₹1 million, targeting a 10 million sq ft residential development in Hyderabad's Tellapur area.

Prestige Estates Issues ₹300 Crore Corporate Guarantee for Subsidiary's Term Loan Facility

Prestige Estates Projects Limited issued a corporate guarantee of up to ₹300 crore for a subsidiary's term loan facility, disclosed via a regulatory filing on 15 February 2026. This is a separate transaction from the ₹450 crore guarantee (Prestige Projects Pvt Ltd, Feb 19) and the ₹400 crore guarantee (Canopy Living LLP, March 9).

Prestige Issues Corporate Guarantee for Subsidiary Bharatnagar Buildcon

Prestige Estates Projects issued a corporate guarantee up to ₹300 crores for its subsidiary Bharatnagar Buildcon LLP's term loan facility from Canara Bank under SEBI Regulation 30.

Prestige Marigold Phase 2 Opens EOI for 716-Plot Luxury Township in Bettenahalli, North Bengaluru

Prestige Group opened Expression of Interest (EOI) for Prestige Marigold Phase 2 on February 12, 2026 — a RERA-approved, 55-acre plotted township in Bettenahalli, North Bengaluru, offering 716 premium residential plots. The project received Karnataka RERA registration (PRM/KA/RERA/1250/303/PR/171225/008346) in December 2025.

Prestige Southern Star Phase 2 Pre-Launch Set for February 2026

Prestige announced that pre-launch activities for Prestige Southern Star Phase 2 (Begur/Akshayanagar) will begin in February 2026, with a GDV of ₹1,500 crore.

Prestige Estates Acquires Land in Indavara, Chikkamagaluru Marking Entry into Hill Station Leisure Market

Prestige Estates added a land parcel in Indavara, Chikkamagaluru as part of its Q3 FY26 strategic land additions, marking the developer's entry into Karnataka's hill station leisure real estate segment. The four parcels acquired in Q3 FY26 collectively carry an estimated revenue potential of ₹68,500 crore.

Prestige Acquires 11 Acres in Hyderabad Hitech City for Mixed-Use Development

Prestige Group acquired 11 acres in Hyderabad's Hitech City to develop a mixed-use project combining apartments and office spaces, strengthening its presence in the city's premier IT corridor.

Prestige Evergreen (Raintree Park Phase 2) Achieves RERA Approval & Launch

Prestige Evergreen, Phase 2 of Prestige Raintree Park in Whitefield Bangalore, received RERA approval on January 1, 2026, and officially launched on January 9, 2026 with 2,000 premium apartments.

Prestige Incorporates Two New Wholly-Owned Subsidiaries

Prestige Estates incorporated 'Stellar Builder Dynamics LLP' and 'Stellar Envision LLP' as wholly-owned subsidiaries on January 8, 2026, signaling new development initiatives.

Prestige-Arihant JV Acquires 16.4 Acres in Chennai Padi for ₹560+ Crore

Canopy Living LLP, a joint venture between Prestige Estates and Arihant Foundations, signed agreement to purchase 16.381 acres at Padi, Chennai, strengthening presence in high-quality urban locations.

Prestige Plans Major Project Launches Worth ₹42,120 Crore in FY27

Prestige Estates plans to launch 25 residential projects with 44.80 million sqft of developable area and ₹42,120 crore GDV across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa in FY27.

Prestige Group Explores Office REIT Formation with Strategic Investors

Prestige Group is in ongoing discussions with strategic investors to explore formation of a Real Estate Investment Trust (REIT) for its Grade-A office portfolio.

Prestige Q3 FY26 Net Profit Surges to ₹222.6 Crore with 134% Sales Growth

Prestige Estates reported a 1,158% surge in Q3 FY26 net profit to ₹222.6 crore and sales growth of 134% to ₹3,872.6 crore, with collections rising 40% year-on-year to ₹4,547.5 crore.

Prestige Q3 FY26 Net Profit Surges 1,158% to ₹222.6 Crore

Prestige reported exceptional Q3 FY26 results with net profit of ₹222.6 crore (up 1,158%) and sales of ₹3,872.6 crore (up 134%), reflecting strong market momentum.

Prestige-Arihant Joint Venture Acquires 3.48 Acres in Velachery, Chennai for ₹361 Crore

Prestige Group and Arihant Group jointly acquire 3.48-acre land in Velachery, Chennai via Canopy Living LLP for ₹361 crore, with ₹1,600 crore GDV potential.

Prestige Acquires 25-Acre Land in Chennai Medavakkam for ₹5,000+ Crore Development

Prestige Estates strategically acquired 25 acres in Chennai's Medavakkam area with estimated revenue potential exceeding ₹5,000 crore, strengthening presence in the mid-segment housing sector.

Prestige Raises ₹462.64 Crore Through Institutional Share Placement

Prestige Estates Projects raised ₹462.64 crore through preferential allotment of approximately 1.24 crore equity shares to institutional investors at ₹372.50 per share.

Prestige Group Exits Lutyens Delhi Project, Sells Bungalow for ₹450 Crore

Prestige Group exited its planned Lutyens' Delhi luxury project after regulatory delays, selling a prime Kasturba Gandhi Marg bungalow for ₹450 crore acquired in 2023 for ₹300 crore.

Prestige City 2.0 Survey Forms Go Live on December 12, 2025

Prestige announced that survey forms for Prestige City 2.0 in Sarjapur went live on December 12, 2025, with a projected GDV of ₹1,500 crore following the success of its previous township projects.

Prestige Acquires 66.93% Stake in Bharatnagar Buildcon for ₹938.75 Crore

Prestige Estates Projects acquired 66.93% partnership interest in Bharatnagar Buildcon LLP through subsidiaries for ₹938.75 crore. The real estate development entity was incorporated in 2011.

Prestige Q2 FY26 PAT Surges 124% YoY to ₹430 Crore

During H1 FY26, Prestige reported EBITDA increase of 30.5% to ₹2,231.1 crore and profit after tax rise of 42% to ₹769.8 crore.

Prestige Announces Strong H1 FY26 with ₹12,126 Cr Pre-Sales, Leads Market

Prestige Estates recorded highest pre-sales among 28 listed realty companies with ₹12,126.4 crore in Q1 FY26, demonstrating market leadership.

Prestige Crystal Lawns Receives Karnataka RERA Registration for 24-Acre Premium Plotted Development in Devanahalli, North Bengaluru

Prestige Group's premium plotted development, Prestige Crystal Lawns, has received Karnataka RERA registration (PRM/KA/RERA/1250/303/PR/300925/008132) for its 24-acre gated community on IVC Road, Devanahalli, North Bengaluru. The project offers 235 residential plots ranging from 1,500 to 4,000 sq ft near Kempegowda International Airport.

Prestige Group Signs ₹12,500 Crore MoU with Maharashtra Government for Data Centre, GCC Park and Logistics Hub in Navi Mumbai and MMR

The Maharashtra government and Prestige Group signed an MoU for investments exceeding ₹12,500 crore across three projects in the Mumbai Metropolitan Region: a ₹5,000 crore data centre at Taloja in Navi Mumbai, a ₹5,000 crore Global Capability Centre (GCC) park in Navi Mumbai, and a ₹2,500 crore logistics-cum-residential and commercial development at Khalapur. The investments are expected to generate approximately 8,700 direct jobs and are slated to commence in 2026.

Prestige Acquires 102 Acres in Q1 FY26 for ₹20,400 Cr GDV Projects

Prestige Estates acquired 102 acres in Q1 FY26 for ₹20,400 crore GDV residential projects across Bengaluru, Hyderabad, Chennai and Mumbai.

Prestige Nautilus Launches Ultra-Luxury Project in Worli, Mumbai with MahaRERA Registration (P51900009720)

Prestige Group has launched Prestige Nautilus, an ultra-luxury residential project on Dr. Annie Besant Road, Worli, Mumbai, offering 4 and 5 BHK sea-facing apartments across two high-rise towers. The project carries MahaRERA registration number P51900009720 and has recorded 18 government-registered transactions amounting to ₹600 crore through May 2026.