Prestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand
Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53…
READ MOREReal estate stocks to buy: As valuations run ahead, time to be selective on both regions & companies. 6 real-estate stocks with an upside potential of up to 42%
SynopsisWhen valuations are as expensive as they are now, it is time to be selective. But being selective is a generic term. For instance, the parameters used to pick a stock from the pharma industry would be very different from the ones used to buy infrastructure or capital goods stocks. The different macro and micro…
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Nifty Realty down 7% from peak. Can property stocks buck sectoral churning to remain on top?
One of top performing sectors for more than a year, realty, is off its high point. Nifty Realty index, which represents a pack of top 10 real estate stocks, has declined 7% over the last three months, thanks to the election season which has slowed project approvals and launches. As markets are on a lookout…
READ MOREPrestige Estates to use Rs 5k-cr QIP raise to pare debt, acquire assets, says CMD Irfan Razack
Bengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.βWe plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,β Irfan Razack, chairman and managing…
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