Prestige Estates News
Prestige Estates gears up for big launches in 2nd half of FY25, but timely approvals are key
Prestige plans to launch projects with a revenue potential of around ₹52,100 crore and anticipates around ₹16,000 crore of pre-sales in the second half of the fiscal year.
2 min read4 Nov 2024Real estate stocks regain momentum; Oberoi Realty and 6 others jump up to 16% in 6 sessions
The real estate sector has seen a resurgence following the RBI’s policy change, leading to a 6% increase in the Nifty Realty index. Strong quarterly performances and rising demand, especially for luxury homes, have significantly driven major real estate firms’ sales growth.
3 min read16 Oct 2024A lost quarter: Prestige Estates’ slow start leaves it a lot to catch up
The real estate developer could launch only two residential projects in the financial first quarter in Bengaluru, its home turf, mainly due to delays in project approvals. Prestige has set itself a huge target for 2024-25. Now it has to rush to achieve that.
2 min read16 Jul 2024Q4 Results Preview: Pre-sales to moderate on new launch delays, says Motilal; picks Prestige Estates, Sobha, Godrej Prop
Q4 Results Preview: Motilal Oswal Financial Services predicts realty companies in its coverage to report pre-sales of ₹25,000 crore in Q4FY24, up 4% YoY but down 11% QoQ. Overall bookings for FY24 expected to reach ₹90,700 crore, up 33% YoY.
2 min read10 Apr 2024Prestige Estates Projects share price jumps 7% on land acquisition in NCR’s Indirapuram Extension for ₹468 crore
Prestige Estates Projects saw a 7% rise in share price post acquiring 62.5 acres in Delhi-NCR for a ₹10,000 crore township. The company’s intraday trading range was ₹1,065 to ₹1,118.95, with an acquisition cost of ₹468 crore.
2 min read22 Mar 2024Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha, upgrades Mindspace REIT
The housing upcycle has been premium led, whose share has risen by 14 percentage points since 2019. Meanwhile, the affordable segment has been hurt by rising interest rates and income losses.
2 min read10 Jan 2024Prestige Estates shares surge 11% in 2 days to hit record high on best-ever quarterly results
Shares of Prestige Estates Projects surged 11 percent to their record high in 2 sessions after the realty firm posted its best-ever results for the quarter ended September, driven by successful launches.
2 min read9 Nov 2023Prestige Estates Projects Q1 results: Net profit soars 30.2% at ₹267 crore
Total revenue declines 13.3% at ₹1,680.9 crore in the June quarter of FY24, as compared to ₹1,938.5 crore in the same period a year ago
1 min read8 Aug 2023Amid Indian real estate stocks underperformance, why Jefferies favours these shares
Post the larger correction seen for residential developers (Godrej Prop, Lodha) vs mixed use (DLF, Oberoi) - Jefferies continue to favor the former
1 min read27 Feb 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared