• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Saturday, July 26, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

Prestige Estates Shares Climb as RERA Nod Clears Path for Rs.9,000 Crore NCR Launch

Nishita Masih by Nishita Masih
2 months ago
Reading Time: 4 mins read
0
0
0
SHARES
1
VIEWS
FBXLinkedinWhatsAppTelegram

Prestige Estates Projects Ltd saw its stock pop nearly 5% on Tuesday after securing regulatory approval for a massive residential project in the National Capital Region. Backed by the Government of Singapore, the real estate firm made waves with the announcement — and the markets took notice.

The launch of “The Prestige City – Indirapuram” marks the company’s first foray into NCR’s ultra-competitive housing market. With a projected Gross Development Value (GDV) of Rs.9,000 crore in its first phase alone, it’s already being counted as one of the region’s largest real estate launches this year.

Stock Jumps on Momentum, Then Eases

Tuesday’s market excitement was hard to miss. Prestige Estates stock opened strong and shot up to an intra-day high of Rs.1,444.90 — that’s a solid 4.7% jump from its previous close.

But the rally didn’t hold.

The stock cooled off later in the day and closed at Rs.1,366.10. Still, the surge caught traders’ attention. Over five years, the stock has delivered a whopping 700% return. That’s not a typo — sevenfold growth.

One trader described the session as “classic profit booking after a news-driven spike.”

Prestige Estates stock

The Prestige City: A Big-Bet Entry into NCR

Prestige Group’s entry into the NCR market has been long-awaited. And now that it’s here, the scale is unmistakable.

The first phase of the development includes two residential towers — Oakwood and Mulberry — and is valued at more than Rs.9,000 crore. The second phase, named Mayflower, will push the total project GDV up to around Rs.12,000 crore.

In a press statement, Chairman and MD Irfan Razack said the company is “thrilled” about entering NCR. His tone was optimistic but measured. “This project embodies the scale, ambition, and integrated lifestyle that Prestige stands for,” he noted.

Government of Singapore Among Backers

Investors scanning the shareholding breakdown will spot an international name with weight — the Government of Singapore. Through its sovereign investment arms, Singapore holds 1.88% in Prestige Estates.

Here’s how the rest of the March 2025 shareholding structure shapes up:

CategoryStake (%)
Promoters60.95
Foreign Institutional Investors (FIIs)17.08
Domestic Institutional Investors (DIIs)19.23
Retail Investors2.74

Having a global player like Singapore in the cap table isn’t just symbolic. It signals long-term confidence in Prestige’s strategy and execution.

Not All Is Rosy on the Financial Front

Despite the market buzz, the company’s recent financials have raised some eyebrows.

In Q3 FY25, consolidated revenue dropped by 7.91% to Rs.1,654 crore. That’s a decent slide from the Rs.1,796 crore it reported in the same quarter last year. But what really stood out was the bottom line — net profit plummeted by more than 80%, falling to Rs.32 crore from Rs.165 crore year-on-year.

That’s not the kind of trend investors love to see. Still, with a new mega-project on the cards, optimism is holding up — for now.

Behind the Numbers: Key Ratios and Valuations

Let’s talk metrics. Prestige’s numbers show both strength and some pressure points.

• ROCE: 8.83%
• ROE: 4.11%
• EPS: Rs.13.52
• Current Ratio: 1.67
• Debt-to-Equity: 0.75
• P/E Ratio: 97.36 (vs. industry average of 72.18)

That P/E ratio is on the high side, which could be a concern or a sign of strong growth expectations — depending on who you ask.

A Business With Wide Reach — and Bigger Ambitions

Prestige isn’t just about homes.

The company operates across multiple verticals, from high-end apartments to shopping malls and luxury hotels. Its portfolio includes:

  • Residential (apartments, villas, condominiums)

  • Commercial office spaces and IT parks

  • Retail centers, malls, and entertainment zones

  • Hospitality (hotels, leisure properties)

  • Property management and interior design services

Their geographic footprint is equally broad. Prestige has a presence in cities like Bangalore, Chennai, Hyderabad, Mumbai, Kochi, Goa, and even international operations in Dubai.

One executive at a brokerage firm put it simply: “Prestige is already a heavyweight in South India. Now they want to be everywhere.”

What’s Next?

No one’s spelling it out, but the NCR move might just be the start of a bigger shift northward.

Sources familiar with the company’s plans suggest that Prestige has at least two more land parcels under evaluation in the region. These could be part of the company’s mid-term roadmap — potentially launching in FY26.

For now, all eyes are on Indirapuram. If the launch meets sales targets, Prestige could be on track to replicate its southern success story — this time in the capital belt.

ShareTweetShareSendShare
Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

Related Posts

vijay sethupathi nithya menen thalaivan thalaivii sir madam movie poster

Vijay Sethupathi and Nithya Menen’s Thalaivan Thalaivii Gears Up for Telugu Release as Sir Madam

30 minutes ago
uber-women-preferences-feature-us-pilot-safety

Uber Rolls Out “Women Preferences” Feature in U.S. to Boost Safety for Female Riders and Drivers

37 minutes ago
uber female driver and rider safety feature

Uber is rolling out a new safety-focused feature in the U.S.

2 days ago
sniper elite 5 cover art

Get the Full Sniper Elite Series for Just $14 in Humble Bundle’s Latest Deal

2 days ago
everybody loves raymond sitcom family dinner scene

Five Times Everybody Loves Raymond Captured the Spirit of American Life

3 days ago
mitchell-owen-cricket-australia-west-indies-2025

Mitchell Owen Shines on Debut as Australia Edge West Indies in T20 Series Opener

3 days ago
brooklyn nine-nine tv show police station diversity

‘Brooklyn Nine-Nine’ Made Us Laugh, But Got Police Diversity Wrong

5 days ago
brooklyn nine-nine cast diversity police representation

Brooklyn Nine-Nine’s Diversity Isn’t Quite As Realistic As It Seems

5 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

indian household savings 2024 economic report

Household Savings in India Could Hit ₹22 Lakh Crore in 2024-25, RBI Surplus Boosts Fiscal Space

2 months ago
colored-eye-contacts

Cosmetic Colored Eye Contacts – Make Your Eyes Pop & Look Alive

6 years ago
Crypto Transaction

How Cryptocurrency Transaction Works? Read Pros & Cons of Cryptocurrency

3 years ago
Roblox Game Pass

Strategies for Maximizing Player Engagement with Your Roblox Game Pass

2 years ago
BNB

BNB’s Price Surge in India: A Comprehensive Analysis

1 year ago
Bitcoin Price

Bitcoin Price Plummets: Key Factors Behind Latest Crypto Crash Explained

1 year ago
AI digital lending platform fintech solutions

AI Stock in Spotlight After $2 Million Digital Lending Platform Order

7 months ago
Nubia Flip 2 smartphone foldable display

Nubia Flip 2 Goes Global: A Stylish Foldable With Premium Features at an Affordable Price

5 months ago
eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.