Prestige Estates Projects, a prominent real estate developer, disclosed its intention to allocate the ₹5,000 crore it raised through a Qualified Institutional Placement (QIP) earlier this month.

Prestige Estates Projects' subsidiary Prestige Exora Business Parks purchased its partner's land parcel and development rights in Pune's desirable Kharadi neighbourhood. Land of about 4.5 acres was acquired for approximately ₹200 crore.

HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.

Prestige Estates in Bangalore has launched a new highrise residential property in Whitefield, an IT hotspot. Prestife Glenbrook has a Rs 550 crore revenue potential.

Prestige Falcon Realty Ventures, a fully owned subsidiary of the Bengaluru-based real estate developer, paid INR 978.7 Crore for securities from DB Realty and its subsidiaries to enhance its share in Prestige BKC Realtors from 50% to 100%.

Prestige Estates has signed a contract to redevelop Shivshahi Housing Society in Worli, South Mumbai

Bangalore based Prestige Estates, Headquartered in Bengaluru, Surpasses INR 10,000 Crore Presales milestone