Prestige Estates Projects Ltd
Prestige Estates Projects Ltd now is the second largest real estate developer by market capitalization after DLF Ltd and they have great expansion plans. They are considering expanding beyond southern India. Post the budget which was unveiled by the Finance Minister Arun Jaitley, the real estate sector is showing a lot of activities. There is a [...] Continue Reading »
Bangalore- Properties in Richmond Town, located in the heart of the city, have observed over 25 percent capital appreciation in the last two quarters. In the first quarter of 2012, the area had witnessed Rs 7,500 per sq ft approximately. By the third quarter of the prevailing calendar year, the rate increased to Rs 9,000 [...] Continue Reading »
Private equity (PE) firm Red Fort Capital Advisors Pvt Ltd will reportedly invest around Rs. 200 crore in residential projects of Prestige Estates Projects Ltd. Red Fort Capital, which has about $1 billion of assets under management in India, has already invested nearly Rs. 400 crore in multiple office space development and residential projects of [...] 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 »
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »
The developers and builders of luxury apartment projects and houses are finding it tough to push their sales! It’s right now the mid-segment properties which are ruling over proving pretty good sales! The prices of properties of midsegment houses have raised with the increase in demand and the same has been declined for luxury apartments! [...] Continue Reading »
Prestige Estates Projects Ltd who have made a remark in Indian realty sector will soon be expanding their business operations in retail. Prestige group will be investing about Rs300 crore in the retail venture along with store brand within a span of three months. These stores will be set up on few of the malls [...] Continue Reading »
