Prestige Estates Projects Product Launch
Prestige Estates launched Phase 2 of Prestige Forest Hills in Mumbai. The project features 500 residences with an estimated GDV of ₹2,200 crore.
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- ₹2,200 Cr
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Prestige Estates launched Phase 2 of Prestige Forest Hills in Mumbai. The project features 500 residences with an estimated GDV of ₹2,200 crore.
Prestige Group partnered with BACL to develop a landmark integrated destination in Bengaluru Airport City. The project includes a convention centre, luxury hotels, and premium office space.
Prestige Estates Projects Limited filed its Annual Secretarial Compliance Report for FY26. The auditor reported no material non-compliances, confirming strong regulatory adherence and governance.
Prestige Estates delivered record performance in FY26 with sales crossing ₹30,000 Cr, a 76% YoY growth. Strategy focuses on geographic diversification into NCR/Mumbai and expanding the annuity portfolio.
Prestige Estates Projects Limited redesignated Ms. Uzma Irfan as Whole-time Director effective May 21, 2026. This leadership change reflects internal management restructuring and role evolution.
Prestige Estates reported record FY26 revenue of ₹13,195.5 Crore with PAT more than doubling. The results reflect strong project execution and sustained residential demand.
Prestige Group reports robust financial and operational performance for FY26, with record sales and significant expansion in its residential and commercial segments.
Prestige Estates Projects recommended a final dividend of ₹2 per equity share for FY2026. The record date and AGM schedule remain pending for finalization.
Prestige Estates Projects Ltd reported revenue from operations of ₹4,074 Cr (+166.5% YoY) and net profit of ₹291.8 Cr (+577.0% YoY) for Q4 FY26.
Prestige Estates approved audited FY26 results and a ₹2,000 Crore NCD fund raise. A final dividend of ₹2 per share was also recommended to shareholders.
Prestige Estates Projects Limited submitted its quarterly monitoring report confirming no deviations in QIP fund utilization. The monitoring agency verified proceeds deployment for the ₹5000.00 Crore issue.
Prestige Estates Projects scheduled a board meeting on May 21, 2026. The board will consider audited results, a final dividend, and potential debt fundraising.
Prestige Estates Projects Ltd launched 'Prestige Golden Grove' in Hyderabad, achieving over ₹2,500 Crore in sales within two weeks. The 29-acre project witnessed 4,000 footfalls and 1,700 unit sales, highlighting strong demand. With a total estimated development value of ₹9,500 Crore, this launch underscores the company's robust market position in Hyderabad's residential sector.
Prestige Estates Projects Limited reported record FY26 performance with annual sales of ₹30,024.5 Crore, a 76% year-on-year growth. Sales volume reached 22.28 million square feet with 11,692 units sold. The company also achieved highest-ever collections of ₹18,514.6 Crore and added new projects with an estimated GDV of over ₹50,000 Crore.
Prestige Group has entered a three-year strategic partnership with Autodesk to accelerate digital transformation. The collaboration involves deploying Autodesk's 'Design & Make' platform to standardize project lifecycles across its residential, commercial, and hospitality portfolio. This enterprise-wide initiative aims to enhance efficiency, collaboration, and sustainability across the Group's development pipeline.
Prestige Estates Projects Limited acquired a 50% stake in Aaramnagar Realty LLP for ₹180 Crore. The cash-based acquisition, completed on April 9, 2026, aims to develop a real estate project in Versova, Mumbai. The target entity is a development firm with a net worth of ₹5.37 Crore.
Prestige Group entered a joint venture with ABIL Group to develop a 6-acre land parcel in Versova, Mumbai, via Aaramnagar Realty LLP. The project has a development potential of 1.7 million square feet and an estimated Gross Development Value of over ₹9,000 Crore. This marks the company's strategic expansion into Mumbai's premium residential market.
Prestige Estates Projects Limited acquired a 50% partnership interest in Aaramnagar Realty LLP for ₹180 Crore. The target is a real estate developer focused on projects in Versova, Mumbai. This strategic investment strengthens Prestige's presence in the Mumbai real estate market.
Prestige Estates Projects Limited achieved record annual pre-sales of ₹30,024 Crore in FY26, marking a 76% year-on-year growth. The company recorded ₹7,697 Crore in Q4 sales, driven by strong demand in Bengaluru, Mumbai, and NCR. Management remains optimistic about sustaining this momentum with a robust pipeline of upcoming launches.
GIC Private Limited, a non-promoter investor, sold 329,563 equity shares (0.077% stake) of Prestige Estates Projects Limited in the open market on April 2, 2026. Following this transaction, GIC's aggregate holding in the company decreased to 2.941%.
Prestige Estates launched 'Prestige Golden Grove', a mega 5,120-unit township in Hyderabad with a GDV of ₹9,500 Crore. Spanning 28.6 acres in Tellapur, the project features 10.36 million sq. ft. of saleable area. This launch strengthens the company's presence in high-growth urban markets.