Prestige Estates Projects Limited
Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, leasing of office and retail properties.
What Prestige files
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Prestige Estates' board approved a binding agreement for CPPIB to invest up to INR 3,000 Cr in its wholly-owned subsidiary, Prestige Hospitality Ventures Limited. This investment grants CPPIB up to a 28% stake, boosting PHVL's capital for future growth.
Prestige Estates diluted its stake in wholly-owned subsidiary Stellar Envision LLP to 50% by admitting a new partner. The LLP will now undertake real estate projects in Bangalore.
Prestige Estates is facilitating a shareholder initiative to help claim unpaid dividends and update KYC/nomination details. Investors can submit required documents via mail or email to the Registrar for seamless record updates and access to funds.
Prestige Estates targets launching 44.8 Mn sq ft projects in FY26 with an estimated GDV of ₹42,120 Cr, signalling strategic expansion. FY25 highlights include 46% renewable energy use, significant reductions in GHG emissions and waste, and zero safety incidents. CRISIL DA1+ grading reaffirmed.
Prestige Estates has launched 14.94 mn sq ft across 4 projects, including its debut in NCR, which contributed 59% to sales. It recorded ₹12,126 Cr in sales, up 300% YoY, with collections rising 55% to ₹4,523 Cr. Sales volume grew 234% to 9.55 mn sq ft. Completed 5.45 mn sq...