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

Prestige Estates Acquires 66.93% Stake in Bharatnagar Buildcon

Prestige Estates Projects Limited, through its subsidiaries, acquired 66.93% partnership interest in Bharatnagar Buildcon LLP, a real estate development firm. The transaction was completed on December 10, 2025.

Deal Structure and Value

The subsidiaries involved are Prestige Falcon Realty and Prestige Projects, with Prestige Falcon Realty holding 63.12% partnership interest and Prestige Projects holding 3.81% partnership interest in Bharatnagar Buildcon. The investment was made through capital and current account contributions totaling ₹938.75 crore.

The transaction is not a related-party transaction, and promoter involvement is limited to their shareholding in Prestige Estates and its subsidiaries.

About Bharatnagar Buildcon

Bharatnagar Buildcon, incorporated in 2011, is engaged in real estate development and construction. The entity is registered at the Registrar of Companies, Pune. The entity reported a turnover of ₹3,47,272 for the financial year ended March 31, 2025.

Given the low reported sales numbers, the acquisition appears to be focused on what Bharatnagar Buildcon controls, such as land, development rights, or projects that can bring bigger value in the future.

Strategic Intent

The acquisition is aimed at business expansion and consolidation of the group's stake in the target entity. The acquisition represents a consolidation strategy for Prestige Estates Projects, allowing the company to strengthen its position in the real estate development sector, with the substantial investment indicating the company's commitment to expanding its operational footprint.

Market Context

Prestige Estates Projects Limited was established in 1986. As of 2024, the company consistently ranked among the top real estate developers in India, with over 400 completed projects and a development footprint exceeding 100 million square feet. Prestige Estates recently reported a 95% year-on-year jump in consolidated net profit to ₹457.4 crore for the September quarter.

Following the announcement, Prestige Estates stock rose as much as 2.15% to ₹1,652.9 per share during the day, later paring gains to trade 1.7% higher at ₹1,646.9 apiece.