Prestige Estates Projects Limited
All news and filings related to Prestige Estates Projects Limited.
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Prestige Estates Projects Ltd. ESG Rating Upgraded to 'Strong' by CRISIL
Prestige Estates Projects Limited's ESG rating has been upgraded by CRISIL from 'Adequate' (ESG 54) in FY25 to 'Strong' (ESG 65) in FY26. The company also holds a Crisil Core ESG rating of 72. The rating was independently prepared by CRISIL.
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Prestige Estates Incorporates Two Wholly-Owned Subsidiaries for Real Estate Development
Prestige Estates Projects Limited has incorporated two wholly-owned subsidiaries, Southgrove Homes LLP and Parkgrove Realty LLP, on September 9, 2026. Both LLPs are focused on real estate development with an initial contribution of ₹1,00,000 each.
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Prestige Estates Clarifies Order Impact, Denies Material Effect on Finances
Prestige Estates responded to a news article linking its share price fall to a Maharashtra Real Estate Appellate Tribunal order. The company clarified that the order regarding the Turf View project is routine and will not materially impact financials. The order was passed on August 25, 2026, and was publicly available.
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Prestige Group Acquires Land in Gurgaon for ₹5,600 Crore Residential Project
Prestige Group acquired a 17.14-acre land parcel in Gurgaon for a residential development with an estimated Gross Development Value (GDV) of ₹5,600 crore. The project will have a saleable area of approximately 2.8 million sq. ft. The company sees significant potential in the NCR region for future growth.
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Prestige Launches 'Prestige Palm Court' in Chennai, GDV ₹1330 Crore
Prestige Estates launches 'Prestige Palm Court' in Madhavaram, North Chennai. The project spans 7.98 acres, featuring 910 apartments with a GDV of ₹1330 Crore. This is part of the company's expansion plans in Chennai, aiming for 3-4 launches this financial year.
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Prestige Estates Projects Limited: AGM Approves Financials, Dividend, Director Re-appointment, and NCD Issue
Prestige Estates Projects Limited's 29th AGM on August 20, 2026, saw shareholders approve audited standalone and consolidated financial statements for FY26. A final dividend of ₹2 per share for FY26 was declared. Ms. Uzma Irfan was re-appointed as Director and re-designated as Whole-time Director. Approval was also granted for issuing Non-Convertible Debentures via private placement.
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Prestige Estates Projects Limited Holds 29th AGM on August 20, 2026
Prestige Estates Projects Limited held its 29th AGM on August 20, 2026. The company declared a final dividend of ₹2 per share for FY 2025-2026. The AGM also approved financial statements, director re-appointments, and the issuance of Non-Convertible Debentures.
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Prestige Estates Projects to raise ₹3,000 Crore from CPPIB for subsidiary
Prestige Estates Projects will receive up to ₹3,000 crore from CPPIB for an up to 28% stake in its subsidiary, Prestige Hospitality Ventures Limited. The investment will be made in tranches, subject to due diligence and approvals.
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Prestige Estates Projects Limited: ICRA Reaffirms [ICRA]A+ Rating for Long-Term Instruments
ICRA Limited has reaffirmed Prestige Estates Projects Limited's credit rating. Long-term instruments, including term loans and limits, retain an [ICRA]A+ (Stable) rating. Commercial paper is rated [ICRA]A1.
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Prestige Estates Projects Ltd. Releases Transcript of Investor Call on Q1 FY27 Financial Results
Prestige Estates Projects Limited has released the transcript of its investor/analyst call held on July 30, 2026. The call discussed the company's financial results for the quarter ended June 30, 2026. The transcript is available on the company website.
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Prestige Estates Projects Ltd. Publishes Q1 FY27 Financial Results
Prestige Estates Projects Limited released its unaudited financial results for the quarter ended June 30, 2026. The results were approved by the Board on July 29, 2026, and published in Business Standard and Prajavani.
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Prestige Estates Releases Audio Recording of Investor Call for Q1 FY27
Prestige Estates Projects Limited released the audio recording of its investor and analyst call held on July 30, 2026. The call discussed financial results for the quarter ending June 30, 2026. The recording is available online.
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Prestige Estates Files Investor Presentation for Q1 FY27 Results
Prestige Estates Projects Limited released an investor presentation for the quarter ended June 30, 2026. The presentation is available on the company website and details the financial results.
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Prestige Group Expands MMR Footprint with ₹6,000 Crore Thane Residential Development
Prestige Group announces a ₹6,000 crore residential development in Thane, MMR, spanning 14.6 acres with over 5 million sqft developable area. The project includes residences and retail, targeting diverse homebuyers. Chairman & MD Irfan Razack highlighted Thane's dynamic market and the project's strategic importance.
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Prestige Estates QIP Proceeds Fully Utilized Without Deviation: ICRA Report
Prestige Estates Projects Limited's QIP proceeds of ₹5000 crore are fully utilized as of June 30, 2026. ICRA's report confirms no deviation from the issue's objectives. Net proceeds, after expenses, were ₹4899.17 crore. Funds were allocated to debt repayment, land acquisition, subsidiary investments, and general corporate purposes.
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Prestige Estates Projects Q1 FY27 Standalone Profit Down to ₹11.4 Crore
Prestige Estates Projects reported standalone net profit of ₹11.4 crore for Q1 FY27, down from ₹13.1 crore in Q1 FY26. Consolidated net profit was ₹271.4 crore. The company acquired a 50% stake in Aaramnagar Realty LLP. A dividend of ₹2.00 per share was recommended.
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Prestige Estates sets August 13, 2026 as Record Date for ₹2 Final Dividend
Prestige Estates Projects Limited has fixed August 13, 2026, as the Record Date for its final dividend. The company recommended ₹2 per equity share for FY25-26. The AGM is on August 20, 2026, with dividend payment by September 18, 2026.
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Prestige Estates Announces 29th AGM on Aug 20, 2026; Proposes ₹2 Dividend
Prestige Estates will hold its 29th AGM on August 20, 2026. A final dividend of ₹2 per share is proposed. Shareholders can e-vote from August 17-19, 2026. The company also plans to issue Non-Convertible Debentures worth ₹20,000 crore and re-designate Uzma Irfan as Whole-time Director.
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Prestige Estates Issues Corporate Guarantee of ₹370 Crore for Subsidiary Loan
Prestige Estates Projects Limited is issuing a corporate guarantee of up to ₹370 Crores for a loan taken by its wholly owned subsidiary, Prestige Alta Vista Properties LLP, from Axis Bank Limited. The guarantee is on an arm's length basis and is considered a contingent liability with no immediate impact on the company.
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Prestige Estates Q1 FY27: ₹6,579 Crore Residential Pre-sales, 4 New Launches
Prestige Estates reported Q1 FY27 operational performance with residential pre-sales of ₹6,579 crore from 6.04 million sq ft and 3,337 units. The company launched four projects covering 20.16 million sq ft with a GDV of ₹12,000 crore. Commercial leasing was 1.5 million sq ft, and retail GTO grew 18% YoY to ₹737 crore.
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Prestige Estates to acquire 50% stake in Advent Convention for ₹504 Cr
Prestige Estates Projects Limited will acquire a 50% stake in Advent Convention and Hotels International Limited for up to ₹504 Crores. The deal aims to develop a commercial project in Mumbai with a Gross Development Value of ₹4,500 Crores and a leasable area of 1.50 million sq. ft. The acquisition is expected to conclude within 45 days.
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Prestige Estates Launches Phase 2 of Prestige Forest Hills in Mumbai for ₹2,200 Crore
Prestige Estates has launched Phase 2 of Prestige Forest Hills in Mulund, Mumbai. The project offers 500 premium residences with ticket sizes starting from ₹2.73 crore. The total developable area is 1.7 million sq. ft. with an estimated GDV of ₹2,200 crore.
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Prestige Estates Clarifies Hospitality Segment Monetization Plans
Prestige Estates Projects Limited is clarifying a news report about exploring a stake sale in its hospitality segment instead of an IPO. A sub-committee is evaluating monetization options for its subsidiary, Prestige Hospitality Ventures Limited, subject to market conditions and approvals. No material event requiring immediate disclosure has occurred.
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Prestige Estates Projects Limited Admits New Partner to Stellar Envision LLP, Reduces Stake to 50%
Prestige Estates Projects Limited has reduced its stake in Stellar Envision LLP to 50% by admitting a new partner. The transaction, completed on June 19, 2026, involved a consideration of ₹0.05 million. The LLP's net worth was ₹0.1 million as of March 31, 2026.
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Prestige Estates Projects Promoter Group Reports No Encumbrance on Shares
Razack Family Trust and the promoter group of Prestige Estates Projects Limited have confirmed no encumbrance on company shares as per SEBI Takeover Regulations. This disclosure was made on April 9, 2026.
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Prestige Estates Launches Phase 2 of Gardenia Estates in Bangalore, Rs. 400 Cr Revenue Potential
Prestige Estates Projects Limited launched Prestige Gardenia Estates – Phase 2, a 21-acre plotted development in Devanahalli, Bangalore. The project features 195 plots and has a revenue potential of ₹400 Crores. Phase 1 of the project was a sell-out success, highlighting demand for North Bengaluru properties.
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Prestige Group and BACL unveil integrated destination in Bengaluru Airport City
Prestige Group and BACL are developing an integrated destination in Bengaluru Airport City. The project includes a convention centre, St. Regis and Marriott Marquis hotels, and premium office space. This initiative aims to boost business, hospitality, and cultural experiences, strengthening Bengaluru's position as a global gateway.
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Prestige Estates Releases Q4 FY26 Investor Call Transcript
Prestige Estates Projects Limited has released the transcript for its investor/analyst call held on May 22, 2026. The call discussed the consolidated and standalone financial results for the quarter ended March 31, 2026. The transcript is available on the company website and via a direct link.
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Prestige Estates Projects Limited Publishes Q4 FY26 Financial Results
Prestige Estates Projects Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were approved by the Board on May 21, 2026, and published in Business Standard and Prajavani.
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Prestige Estates Releases Audio Recording of Investor Call for Q4 FY26
Prestige Estates Projects Limited has released the audio recording of its investor/analyst call held on May 22, 2026. The call focused on the financial results for the quarter and year ended March 31, 2026. The recording is available via a provided link.
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Prestige Estates Projects Approves FY26 Results, Recommends 20% Dividend, Plans ₹2,000 Cr NCD Issue
Prestige Estates Projects Limited's board approved FY26 audited financial results. A final dividend of 20% (₹2/share) is recommended, pending shareholder approval. The company plans to issue Non-convertible debentures up to ₹2,000 Crores via private placement. Ms. Uzma Irfan was redesignated as Whole-Time Director for five years.
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Prestige Estates FY26 Revenue Soars 71% to ₹13,195.5 Crore, PAT More Than Doubles
Prestige Estates reported strong FY26 results with revenue reaching ₹13,195.5 crore, a 71% YoY increase. EBITDA rose by 43% to ₹4,219.2 crore, and PAT more than doubled, increasing by 112.8% to ₹1,311.9 crore. The company achieved record sales of ₹30,024.5 million (₹3,002.45 crore) and collections of ₹18,514.6 million (₹1,851.46 crore). Chairman Irfan Razack cited robust execution and customer trust as drivers.
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Prestige Estates Projects Uploads Investor Presentation for Quarter and Year Ended March 31, 2026
Prestige Estates Projects uploaded its investor presentation on May 21, 2026, concerning the financial results for the quarter and year concluding on March 31, 2026. The presentation is available on the company website under the Investor Relations section.
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Prestige Estates Board Approves FY26 Results, Recommends 20% Dividend, ₹2000 Cr NCDs
Prestige Estates Projects Limited approved audited financial results for FY26. The Board recommended a final dividend of 20% (₹2 per share) and approved issuing NCDs up to ₹2,000 Crores. Ms. Uzma Irfan was redesignated as Whole-Time Director for five years.
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Prestige Estates Projects: QIP Proceeds Utilized Without Deviation as of March 2026
Prestige Estates Projects Limited's QIP proceeds of ₹5000 crore have been utilized without deviation as of March 31, 2026. The monitoring agency confirmed alignment with the offer document's objectives, including ₹1500 crore for debt repayment and ₹1000 crore for land acquisition.
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Prestige Estates Golden Grove Launch in Hyderabad Achieves ₹2,500 Crore Sales
Prestige Estates Projects Limited's 'Prestige Golden Grove' in Hyderabad has achieved over ₹2,500 crore in early sales, with more than 1,700 units sold within two weeks of launch. The project, spanning 29 acres, features 5,120 units and has an estimated GDV of ₹9,500 crore. Over 4,000 customers visited the project.
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Prestige Estates FY26 Sales Surge 76% to ₹3,00,245 Cr; Collections Up 53%
Prestige Estates Projects Limited reported record FY26 sales of ₹3,00,245 crore, up 76% YoY. Collections reached ₹1,85,146 crore, a 53% increase. Q4 FY26 sales were ₹76,973 crore, up 11% YoY, with collections up 66% YoY. The company added new projects worth over ₹5,00,000 crore to its pipeline.
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Prestige Group partners with Autodesk for digital transformation
Prestige Group partners with Autodesk for a three-year strategic collaboration to accelerate digital transformation. The partnership involves deploying Autodesk Forma and AEC Collection across its enterprise to unify design and execution, and implement advanced 4D and 5D capabilities.
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Prestige Group enters ₹9,000 Cr Versova residential project via JV
Prestige Estates Projects Limited has entered a joint venture with ABIL Group to develop a 6-acre land parcel in Versova, Mumbai. The project has an estimated Gross Development Value of over ₹9,000 crores and a development potential of 1.7 million sq ft. This expansion targets high-demand urban markets.
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Prestige Estates Acquires 50% Stake in Aaramnagar Realty LLP for ₹180 Crore
Prestige Estates Projects Limited acquired a 50% stake in Aaramnagar Realty LLP on April 9, 2026. The company infused ₹180 crores as cash consideration to develop a real estate project in Versova, Mumbai. Aaramnagar Realty LLP has had Nil turnover for the past three years.
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Prestige Estates FY26 Pre-Sales Surpass ₹30,000 Cr, Up 76% YoY
Prestige Estates Projects Limited achieved record annual pre-sales of ₹30,024 Crores in FY26, a 76% increase year-on-year. Q4 FY26 pre-sales were ₹7,697 Crores, up 10% YoY. The company has a strong pipeline of upcoming launches.
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Prestige Estates Launches 'Prestige Golden Grove' in Hyderabad with GDV ₹9,500 Cr
Prestige Estates has launched 'Prestige Golden Grove', a 5,120-unit township in Hyderabad with an estimated GDV of ₹9,500 crore. The project spans 28.6 acres and offers homes ranging from ₹1 crore to ₹3 crore. This launch strengthens the company's presence in the Hyderabad market.
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Prestige Group Secures Gurugram Land Parcel with ₹4,200 Crore GDV Potential
Prestige Estates Projects Limited secured a 17.212-acre land parcel in Gurugram via JDA. The project has an estimated GDV of ₹4,200 crore and a saleable area of 3 million sq ft. This strategic acquisition strengthens Prestige's presence in the NCR.
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Prestige & Arihant Group Acquire Chennai Land Parcel for ₹5,000 Cr GDV Project
Prestige Group and Arihant Group jointly acquired a 16.331-acre land parcel in Padi, Chennai. The project, undertaken via a joint venture, is expected to generate ₹5,000 crore in revenue. This marks one of the largest land deals in Chennai in the past decade.
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Prestige Estates Provides ₹400 Crore Corporate Guarantee for JV Term Loan
Prestige Estates Projects Limited has issued a corporate guarantee of ₹400 Crores for a Term Loan Facility to its joint venture, Canopy Living LLP. The guarantee is provided to Aditya Birla Capital Limited and is considered a contingent liability with no immediate impact on the company.
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Prestige Group to Adopt, Co-brand Bellandur Metro Station for ₹115 Cr
Prestige Group will invest ₹115 crore (excluding GST) to adopt and co-brand Bellandur Metro Station as “Prestige Bellandur Metro Station” for 30 years. The deal includes naming rights, commercial space, and advertising entitlement, enhancing urban infrastructure and connectivity.
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Prestige Estates Provides ₹450 Crore Corporate Guarantee for Subsidiary's Loan
Prestige Estates Projects Limited is issuing a corporate guarantee of up to ₹450 Crores for a loan to its subsidiary, Prestige Projects Private Limited. The lender is Bajaj Housing Finance Limited. The guarantee is on an arm's length basis and is considered a contingent liability with no current impact on the company.
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Prestige Estates Acquires 100% Stake in Aspire Spaces Tellapur LLP
Prestige Estates Projects Limited acquired 100% of Aspire Spaces Tellapur LLP on February 18, 2026. The acquisition aims to develop a 10 million sq ft residential project in Tellapur, Hyderabad. The company contributed ₹1 Million (₹10 Lakhs) in cash for the stake. Aspire Spaces Tellapur LLP had Nil turnover for FY25.
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Prestige Estates Provides Corporate Guarantee of ₹300 Crore for Subsidiary's Term Loan
Prestige Estates Projects Limited is issuing a corporate guarantee of up to ₹300 Crore for a term loan facility availed by its subsidiary, Bharatnagar Buildcon LLP. The guarantee is provided to Canara Bank on an arm's length basis and is considered a contingent liability with no current impact on the company.
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Prestige Estates Files Transcript of Investor Call on Q3 FY26 Results
Prestige Estates Projects Limited released the transcript of an investor/analyst call held on January 30, 2026. The call discussed the company's financial results for the quarter and nine months ended December 31, 2025. The transcript is available on the company's website.
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