Prestige Estates Projects
The BJP manifesto made at least three promises of direct interest to real estate developers. The party promises to put up 100 new cities, develop a national land use policy and nationally roll out a low-cost housing plan. For investors in property and for the sector as a whole, the promise to upgrade infrastructure and [...] Continue Reading »
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 »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
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 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 »
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
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 »
The Prestige Estates Projects aiming to sale Rs 2000 crore real estate projects in this financial year 2012-13. The real estate construction firm has launched many projects across the country. Among the projects the Bella Vista in Chennai is performing good. As of date the group has sold more than 1300 apartment out of 2600 [...] Continue Reading »
