Prestige Estates Projects gains as its group makes official entry into NCR residential market
Prestige Estates Projects is currently trading at Rs. 1412.30, up by 32.90 points or 2.39% from its previous closing of Rs. 1379.40 on the BSE.
The scrip opened at Rs. 1392.50 and has touched a high and low of Rs. 1438.25 and Rs. 1385.20 respectively. So far 27598 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2072.75 on 24-Jun-2024 and a 52 week low of Rs. 1048.30 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1438.25 and Rs. 1239.10 respectively. The current market cap of the company is Rs. 61656.88 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 36.31% and 2.74% respectively.
Prestige Group has made official entry into the National Capital Region (NCR) residential market with the launch of the first phase of ‘The Prestige City - Indirapuram’: Phases Oakwood and Mulberry. With all approvals secured, Prestige Group has begun marketing the first phase -Oakwood and Mulberry- which together represent a Gross Development Value (GDV) of over Rs 9,000 crore - making it one of the most significant real estate debuts in NCR’s history. When the second phase ‘Mayflower’ is launched, it will take the total GDV of the entire residential development to a staggering Rs 12,000 crore.
Oakwood and Mulberry feature a combined 3,421 premium homes across 19 towers, offering a sophisticated mix of 2 BHK, 3 BHK, 3 BHK + Home Office, and 4 BHK + Home Office residences, with unit sizes ranging from 1,681 sq. ft. to 6,026 sq. ft.
Set across a sprawling 62.5 acres in Indirapuram Extension on National Highway 24, the township is designed to deliver an unparalleled lifestyle, with world-class amenities, two grand clubhouses spread over 100,000 sq. ft., and an integrated Forum Mall covering 1.18 million sq. ft. of retail and entertainment experiences.
Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
