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Advent Hotels Shares Jump Over 15% After Rs 504 Crore Stake Sale To Prestige Estates
The hospitality company to retain a 50% stake in its subsidiary after the transaction, which will develop a commercial project in Mumbai.
Prestige Estates to invest Rs 15,000 cr this fiscal in housing, commercial projects
Prestige Estates Projects is set to invest a substantial Rs 15,000 crore this fiscal year in developing residential and commercial properties across key South Indian regions, Mumbai, and Delhi-NCR. Following a record Rs 30,024 crore in sales bookings last fiscal, the company is prioritizing timely project execution. This significant investment underscores their commitment to disciplined growth and expanding their robust project pipeline.
Prestige Estates to buy 50% stake in Mumbai commercial project for up to ₹504 crore
Prestige Estates will acquire a 50% stake in Advent Convention and Hotels International for up to ₹504 crore in cash, giving it a share in a commercial project coming up in Mumbai's Andheri East with an estimated development value of around ₹4,500 crore.
Max Estates Q1 sales bookings jump five-fold to Rs 1,100 cr on strong housing demand
Max Estates Ltd has reported a remarkable fivefold surge in sales bookings, reaching Rs 1,100 crore in the first quarter of this fiscal year. This impressive growth is attributed to robust demand for its housing projects across Delhi-NCR, particularly in Gurugram and Noida. The company also launched a new project in Gurugram with significant revenue potential, underscoring its strong market position and commitment to meeting buyer expectations.
HSBC signs 1.2 million sq ft GCC deal with Prestige Group in Bengaluru
HSBC has signed an LOI with Prestige Group for a 1.2 million sq ft, 20-year campus lease in Bengaluru worth over ₹3,000 crore, consolidating its India GCC operations under one roof. The bank will occupy Prestige Lakeshore Drive, with move-in expected next year.
HSBC inks pact with Prestige Group to pre-lease 1.2 million sq ft office in Bengaluru
Global banking giant HSBC has secured a massive 1.2 million sq ft office space in Bengaluru's Prestige JRC Signature Towers. This significant deal, valued at over Rs 3,000 crore for a 20-year lease, highlights Bengaluru's appeal for multinational financial firms. The under-construction campus, set for completion in October 2027, underscores the strong demand for integrated, high-quality office spaces in India's tech and finance hub.
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
Prestige Estates launches phase 2 of Mulund project with ₹2,200 crore GDV
Shares of Prestige Estates Projects Limited ended at ₹1,559.50, up by ₹20.50, or 1.33%, on the BSE.
Radico, Allied Blenders: Jefferies initiates coverage on India's alcobev sector
Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.
Prestige Group holds Rs 65,000 crore unrecognised revenue in books on record pre-sales: Chairman Irfan Razack
Prestige Estates Projects Ltd holds a substantial Rs 65,000 crore in unrecognised revenue, fueled by robust housing sales. The company reported record bookings of Rs 30,024 crore for fiscal 2025-26 and anticipates even stronger performance this year. Discussions are underway with auditors to potentially adopt the percentage of completion method for revenue recognition, a shift from their current completion-based approach.
Billionaire Builder Spotted On Mumbai Metro For Efficient Site Visits
Prestige Group chairman Irfan Razack was spotted travelling by Mumbai Metro.
Prestige Group to Launch Two Housing Projects in Delhi-NCR in FY26-27; Targets Rs 7,000 Crore Revenue
The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at Rs 6,800 crore, as per the company's latest investor presentation.