Prestige Estates Projects Ltd Share Price – NSE /  BSE

Realty, Small Cap

Prestige Estates Projects announced that 'Stellar Builder Dynamics LLP' and 'Stellar Envision LLP' have been incorporated as Wholly Owned Subsidiaries of the Company on 08 January 2026.

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 Prestige Group, through Canopy Living LLP, a joint venture between Prestige Estates Projects and Arihant Foundations & Housing, has signed an agreement to sell for the purchase of a land parcel measuring 16.381 acres located at Padi, Chennai.

The land parcel is strategically located in close proximity to Anna Nagar, one of Chennai's most established and prime residential micro-markets, known for its strong social infrastructure, connectivity, and mature residential character.

This acquisition is aligned with Prestige Group's strategy of strengthening its presence in high-quality urban locations, while maintaining a disciplined approach to capital allocation. Prestige Group continues to evaluate well-located land acquisition opportunities across key markets to support its future residential and mixed-use development pipeline.

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The land parcel is strategically located near Anna Nagar, one of Chennai?s most established and prime residential micro-markets, known for its strong social infrastructure, excellent connectivity, and mature residential character.

The acquisition aligns with Prestige Group?s strategy to strengthen its presence in high-quality urban locations while maintaining a disciplined approach to capital allocation.

Prestige Group said it continues to evaluate well-located land acquisition opportunities across key markets to support its future residential and mixed-use development pipeline.

Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at June 2025, the Group has delivered 310 projects spanning 202 million square feet and currently has a pipeline of 130 projects across 199 million square feet.

The scrip declined 1.91% to currently trade at Rs 1,587.65 on the BSE.

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The site is proposed to be developed into a large-format project in line with Prestige Group?s focus on scale and planning efficiency.

Medavakkam is a rapidly developing residential micro-market in Chennai, benefiting from proximity to the OMR IT corridor, improving road infrastructure, and upcoming metro connectivity. The area offers a balanced mix of accessibility, affordability, and growing social infrastructure, supporting sustained residential demand.

Irfan Razack, chairman and managing director, Prestige Group, said: ?This land acquisition in Medavakkam aligns with our long-term view on Chennai as an important market for the Group.

The location is well suited to address the city?s sustained mid-segment housing demand, supported by improving infrastructure and proximity to key employment hubs. This addition strengthens our development pipeline, positioning us well for the next phase of growth in Chennai.?

Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at June 2025, the Group has delivered 310 projects spanning 202 million square feet and currently has a pipeline of 130 projects across 199 million square feet.

The scrip rose 0.79% to currently trade at Rs 1616 on the BSE.

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