Prestige Estates inches up on launching new residential development ‘Prestige Palm Court’ in North Chennai
Prestige Estates Projects is currently trading at Rs. 1595.00, up by 6.95 points or 0.44% from its previous closing of Rs. 1588.05 on the BSE.
The scrip opened at Rs. 1605.95 and has touched a high and low of Rs. 1605.95 and Rs. 1542.65 respectively. So far 10927 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1804.65 on 03-Nov-2025 and a 52 week low of Rs. 1090.45 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 1649.90 and Rs. 1,542.65 respectively. The current market cap of the company is Rs. 68352.58 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 36.78% and 2.27% respectively.
Prestige Estates Projects has launched a new residential development in Madhavaram, North Chennai named Prestige Palm Court. This development is spread across 7.98 Acres of land at Madhavaram on GNT (Grand Northern Trunk Road) with 5 towers of Ground + 22 Floors and 2 basements, comprising of 910 premium apartments.
These apartments come in various configurations of 1, 2 & 3 Bedroom Home Options starting from saleable areas of 641 square feet onwards up to 1827 square feet. The overall development is around 1.38 million square feet of saleable area, with an estimated Gross Development Value (GDV) of Rs 1,330 crore.
This is part of Prestige Group’s expansion plans in Chennai region, where it intends to launch 3 to 4 residential developments in this financial year.
