Tag: #Prestige Estates

Continuous house sales enhance developers’ liquidity and credit standing.

July 25, 2023

Since the Covid-19 pandemic’s onset, the liquidity and credit profiles of important listed real estate developers have significantly improved as a result of the sustained sales momentum in the home property market over the past three fiscal years. Both the collections and realisations of these enterprises have increased as a result of the booming residential […]

Continuous house sales enhance developers’ liquidity and credit standing.more

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.

February 19, 2020

According to property consultant Anarock, housing sales bookings of the top nine listed developers increased by 2% to nearly Rs 5,800 crore during the third quarter of this fiscal year. DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Godrej Properties, Mahindra Lifespace Developers, Oberoi Realty and Kolte Patil have been included in this sales bookings list. “In […]

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.more

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.

December 24, 2019

Singapore’s GIC Sovereign Fund invests about Rs 430 crore in Prestige Estates by way of a preferential issue of equity shares. In a regulatory filing, Prestige said that the GIC investment company Gamnat Pte will procure the company’s 13.4 million Bengaluru equity shares at Rs 323.22 per share. The Gamnat preferential issue has already been […]

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.more

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.

November 19, 2019

Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more

Prestige Estates wants to buy 80% in Sterling Urban Infraprojects worth Rs. 336crore

March 12, 2018

By Realty Quarter Bureau Sterling Infra projects owns around 59acre of land at outer ring road Sarjapur Bangalore. Prestige in planning to own around 6milion sq ft of commercial complex. Developer Prestige Estates Project has entered into an agreement or probably will to acquire 80% of the stake in Sterling Urban Infraprojects which holds land […]

Prestige Estates wants to buy 80% in Sterling Urban Infraprojects worth Rs. 336croremore