Prestige Estates Projects Ltd

(PRESTIGE)

Reputed Developers Boost NCR Market Participation - 22 Nov, 2024

Grade A developers like Godrej, Prestige, and Puravankara are increasingly participating in the NCR market, marking a positive shift from local players' dominance.

Prestige Estates Announces Major Project Launch Plans - 18 Nov, 2024

Prestige Estates Projects Ltd is set to launch housing projects worth ₹52,000 crore by March 2025, driven by rising demand for residential properties. The projects will span 53 million sq ft across cities like Bengaluru, Chennai, and Delhi-NCR.

Prestige Estates Plans Major Housing Projects Amid Stock Performance - 17 Nov, 2024

Prestige Estates Projects Ltd aims to launch housing projects valued at Rs 52,000 crore by March 2025, despite recent declines in sales bookings. The stock closed at ₹1,549.00, reflecting a significant gap from its 52-week high.

Prestige Estates Expands with Land Acquisition in Mumbai - 15 Nov, 2024

Prestige Estates Projects has acquired 22,135 square meters of land in Mira Bhayandar for Rs 291.58 crore, planning a residential project of approximately one million sq ft. This acquisition reflects the company's commitment to expanding its presence in the Mumbai region.

Prestige Estates Expands with Mumbai Land Acquisition - 14 Nov, 2024

Prestige Estates has acquired 22,135 sq m of land in Mumbai for Rs 291.58 crore to develop a housing project with a carpet area of 1 million sq ft. This acquisition reflects the company's commitment to expanding its presence in the Mumbai region.

Prestige Group Expands Land Acquisitions in Bengaluru - 10 Nov, 2024

Prestige Group has acquired 17.45 acres in Bengaluru's Whitefield area for ₹462 crore, continuing its trend of significant land deals totaling over ₹5,000 crore in six quarters.

ICICI Securities Reduces Target Price for Prestige Estates - 07 Nov, 2024

ICICI Securities has downgraded Prestige Estates Projects to a 'reduce' rating with a target price of Rs 1,485, citing weak sales bookings and a significant year-on-year decline. Despite a strong market cap and ongoing project launches, the company faces challenges in achieving its FY25 sales targets.

Prestige Estates Projects Ltd Sees 3.23% Rise - 06 Nov, 2024

Prestige Estates Projects Ltd rose 3.23% to Rs 1650.5, despite a 5.03% decline over the past month. The BSE Realty index increased by 1.63%. The stock reached a record high of Rs 2072.75 on June 24, 2024, and a 52-week low of Rs 775 on November 6, 2023.

Prestige Estates Projects Ltd Experiences Decline - 05 Nov, 2024

Prestige Estates Projects Ltd fell by 1.06% to Rs 1576, marking a 9.93% decline over the past month. The BSE Realty index decreased by 0.99%, while the stock reached a record high of Rs 2072.75 on June 24, 2024, and a 52-week low of Rs 775 on November 6, 2023.

Prestige Estates Receives Positive Ratings and Target Price Increases - 04 Nov, 2024

Prestige Estates Projects has received multiple buy ratings from brokerages, with target prices ranging from Rs 1,800 to Rs 2,060, highlighting strong growth potential despite recent challenges in bookings and approvals.

Prestige Estates Faces Profit Decline Amid Revenue Growth - 30 Oct, 2024

Prestige Estates Projects reported a significant 74.23% drop in net profit for Q2 FY25, despite a 3.04% increase in revenue. The company continues to face challenges, including a deferred tax impact. However, it remains optimistic about future sales growth due to strong housing demand and a robust project pipeline.

Prestige Estates Reports Profit Drop Amid Land Acquisition - 29 Oct, 2024

Prestige Estates Projects acquired 17.45 acres in Bengaluru for residential development. However, Q2 net profit fell 77.4% due to deferred tax impacts, despite a 3% revenue increase.

Prestige Estates Expands with Land Acquisition in Bengaluru - 28 Oct, 2024

Prestige Estates has acquired 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore, aimed at developing a housing project of 2.68 million sq ft.

Prestige Group's Strong Growth and Financial Strength - 27 Oct, 2024

Prestige Group, led by Irfan Razack, manages 56 ongoing projects and has a land bank of 728 acres. The firm holds a DA1+ rating and A+ credit rating, showcasing its operational strength.