June 24, 2024: The board of real estate developer Prestige Estates on June 21, 2024, approved a plan to raise up to Rs 5,000 crore through the issuance of equity shares via a qualified … READ FULL STORY
Prestige Estates recorded sales of Rs 9,042.1 crore, showing a 27% YoY increase, the real estate developer said in an announcement on February 2, 2023. Announcing the results for the nine months of the … READ FULL STORY
Prestige Group registered sales of Rs 35,110 mn (up by 66% yoy) and collections of Rs 26,029 mn (up by 68% yoy) during Q2 FY23. These sales are attributed to 4.55 mn sft volume … READ FULL STORY
Prestige Estates registered sales of Rs 30, 121 million up 310 % YoY and clocked collections of Rs 21,464 million up 110% YoY, according to its Q1FY23 results. Prestige Group sold a total of … READ FULL STORY
Prestige Estates has bagged the rights to take over bankrupt Ariisto Developers’ project in Mumbai’s Mulund area. According to reports, Prestige emerged as the highest bidder and will pay Rs 370 crores to the … READ FULL STORY
The Competition Commission of India (CCI) has given its approval to the Blackstone-Prestige Estates deal, under which the global private equity major will purchase certain assets of the Bangalore-based builder. Under the deal, worth … READ FULL STORY
Singapore’s sovereign wealth fund GIC, has entered into a preliminary term-sheet with Bengaluru-based realty player Prestige Estates, to pick up a minority stake in the latter’s subsidiary. Prestige Estate’s wholly-owned subsidiary Prestige Exora Business … READ FULL STORY
While many developers are trying to woo non-resident Indians (NRIs) to invest in their projects, very few have succeeded. This can be attributed to the failure of developers to understanding what these fellow Indians … READ FULL STORY
