Prestige Estates Projects’ new residential project,
- Launch: The project was launched in Bengaluru’s Whitefield area on September 26, 2024.
Size: The project is spread across 9 acres.
Estimated Sales: Prestige Estates expects to generate sales worth approximately ₹1,100 crore from this project.
Stock Price Impact: The news of the project launch led to a 2.46% increase in Prestige Estates’ share price in early trade on September 26.
Market Performance: The company’s stock has been performing well, with a 10.31% rise in its stock value over the past month. This outperformance is compared to the broader BSE Realty index and the SENSEX.
Project Features: Prestige Pine Forest emphasizes luxury and comfort, aligning with Prestige Group’s reputation for high-quality real estate developments.
Company Perspective: The company’s Sr. Executive VP, Praveer Shrivastava, highlighted the focus on luxury and comfort in this new project.
