IndustryLatest Stories

Prestige Estates Reports ₹244.7 Crore Profit in Q3 FY26

NEW DELHI: Prestige Estates Projects announced a net consolidated profit after tax of ₹244.7 crore for the quarter ending December 31, 2025, a significant increase from ₹32.2 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q3 FY26 reached ₹3,885.5 crore, marking a remarkable growth of 128.84% compared to ₹1,697.9 crore in the corresponding quarter the previous year. The real estate firm reported sales of ₹223,273 million, reflecting a year-on-year increase of 122%. Collections during the first nine months of FY26 amounted to ₹132,833 million, up 49% year-on-year, with…

IndustryLatest Stories

Prestige Group buys 25-acre site in Medavakkam, Chennai

Representative image NEW DELHI: Prestige Group has secured a 25-acre land parcel in Medavakkam, Chennai. This land holds the potential for approximately five million square feet of development, estimated to generate over ₹5,000 crore in top-line revenue. In early December 2025, Prestige Falcon Realty, a wholly-owned subsidiary, along with Prestige Projects, acquired a partnership interest in Bharatnagar Buildcon LLP, as disclosed in a regulatory filing. The subsidiaries invested ₹938.75 crore through capital and current account contributions in the LLP. As a result of this acquisition, the company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP, with 63.12%…