Prestige Estates Projects Debt & Borrowing: ₹750 Cr
Prestige Estates Projects Limited issued a corporate guarantee of up to ₹750 Crore for a loan availed by its subsidiary, Prestige Falcon Mumbai Realty Ventures Private Limited.
- Value
- ₹750.0 Cr
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Prestige Estates Projects Limited issued a corporate guarantee of up to ₹750 Crore for a loan availed by its subsidiary, Prestige Falcon Mumbai Realty Ventures Private Limited.
Prestige Estates Projects Limited announced that its subsidiary, Prestige Hospitality Ventures Limited, has withdrawn its Draft Red Herring Prospectus due to uncertain market conditions.
Prestige Estates has launched Prestige Parklane, a residential project in Devanahalli, Bengaluru, with 1,788 homes. The development has an estimated gross development value of ₹1,750 crore.
Prestige Estates launches Garden Breeze, a 655-apartment development at The Prestige City, Sarjapur. The project spans 0.93 million sq ft with an estimated GDV of ₹1,100 Crore.
Prestige Estates discloses a CRISIL ESG rating upgrade from 54 to 65 for FY25-26. The independent rating reflects improved sustainability performance with no transaction involved.
Prestige Estates incorporated two LLPs for 100% stake at ₹0.01 Crore total cash consideration. Both entities are for real estate development.
Prestige Estates incorporated two wholly-owned real-estate subsidiaries, Southgrove Homes LLP and Parkgrove Realty LLP, on 9 Sep 2026. Total capital contribution across both entities is ₹0.02 Crore.
Prestige Estates clarified that a news article regarding a tribunal order on its Turf View project is not material and did not impact share prices.
Prestige Estates Projects has acquired a 17.14-acre land parcel in Sector 109, Gurgaon. The residential project has an estimated Gross Development Value of ₹5,600 Crore.