Prestige Estates Projects Ltd

Prestige Estates Projects Merger & Restructuring Worth ₹9,000 Cr

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.

Value

₹9,000 Cr

Prestige Estates Projects Acquisition Worth ₹180 Cr

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.

Value

₹180.0 Cr

Prestige Estates Projects Business Update

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.

Value

₹30,024 Cr

Execution

FY26

Prestige Estates Projects Other Announcement

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 Projects Product Launch

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.

Value

₹9,500 Cr