Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Prestige Estates

Deal activities in India have fallen drastically

Deal activities in India have fallen drastically
The overall deal activities fell drastically to $1.6 billion in value terms in August, with the Indian companies conducting 95 deals during the month. This compares with $8.39 billion in July across 110 deals, which had some large deals such as Reliance-Jaypee, Diageo-United spirits and PE deals including investment in Flipkart, according to Grant Thornton [...] Continue Reading »

Real Estate Companies Shares plunge by 9%

Real Estate Companies Shares plunge by 9%
On Wednesday, shares of real estate firms fell by up to 9 percent; thanks to selling pressure. While the benchmark index – the S&P BSE Sensex – witnessed a 0.22 percent plunge, some sectoral indices cracked almost 5.3 percent. The top loser among the sectoral indices was the S&P BSE Realty index. Prior to the [...] Continue Reading »

Leading gainers in ‘A’ group is the Prestige Estates Projects

Leading gainers in ‘A’ group is the Prestige Estates Projects
In addition to the Prestige Estates Projects, Reliance Infrastructure, Jaiprakash Associates Housing Development and Infrastructure and Container Corporation of India are among the other gainers. Prestige Estates Projects jumped 12.23% to Rs 163.35. The stock topped the gainers in the BSE’s ‘A’ group. Reliance Infrastucture controlled by Anil Dhirubhai Ambani gained 10.01 percent to Rs 398.90was second [...] Continue Reading »

Prestige Estates receives favourable review from BoAML

Prestige Estates receives favourable review from BoAML
Prestige Estates has received a favourable review from Bank of America Merrill Lynch. The investment bank has initiated a coverage on Bangalore-based real estate firm Prestige Estates Projects with a “Buy” rating and estimated an upside potential of 38 per cent from current levels. BoAML also estimated that Bangalore real estate sector growth would remain [...] Continue Reading »

Bangalore real estate favourable than others: Prestige Estates

Bangalore real estate favourable than others: Prestige Estates
Bangalore real estate is presenting a different picture than most of the other cities in India. An example at hand, Bangalore-based realty firm Prestige Estates Projects Ltd, has robust home sales and office space leasing looking to surpass its own forecast for fiscal 2012. It also has a strong pipeline of launches. This is at [...] Continue Reading »

Bangalore-based developer Prestige Estates records profit

Bangalore-based developer Prestige Estates records profit
At a time when real estate sector is riding on a low tide, developers Prestige Estates have been able to register a rise in their profit. Prestige Estates’ net profit has risen 35.4 per cent to Rs 49.3 crore in the April to June quarter. Turnover stood at Rs 246.4 crore, down by 6 per [...] Continue Reading »

DLF, HDIL may report a flat growth for Q2

DLF, HDIL may report a flat growth for Q2
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »

DLF down to neutral by Citi

DLF down to neutral by Citi
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »

Prestige Estates has performed better in Bangalore real estate business

Prestige Estates has performed better in Bangalore real estate business
Bangalore based Prestige Estates has performed better than its competitors in the industry, especially in the fourth quarter of the last fiscal. The group is a well-known developer in South India with a strong presence in Bangalore, Hyderabad, Chennai, Mysore and Mangalore. This progress happened due to the stable real estate growth in Bangalore and [...] Continue Reading »

Prestige Estates plans to earn Rs 225 crore from rental revenues

Prestige Estates plans to earn Rs 225 crore from rental revenues
Prestige Estates Projects had launched real estate projects in India roughly about 9.6 million sq ft in 2011-2012, out of which they have sold almost 5 million sq ft with the sales turnover of almost Rs 2,127 crore. The rental income of Prestige Estates as of now stands at about Rs 187 crore and that [...] Continue Reading »



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!