PRESTIGE

** Shares of Prestige Estates PREG.NS climb 2.4% to 1,535.60 rupees; stock top gainer on 10-member Nifty Realty index .NIFTYREAL, which is up 1.15%

** Real estate developer on Tuesday said its Q3 pre-sales jumped 39% to 41.84 billion rupees ($461.6 million)

** Morgan Stanley sees full-year pre-sales jumping 60%, after April-December pre-sales jump 2.2x

** Analysts rate PREG "buy" on average, same as other top realty firms - data compiled by LSEG

** Stock declined ~6% in 2025 vs 16.6% slump in realty stocks

($1 = 90.6420 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 8 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• GROUP TO PURCHASE 16.381-ACRE LAND IN CHENNAI

Source text: ID:nBSEb3ccwm

Further company coverage: PREG.NS

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Dec 10 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES - UNIT ACQUIRES PARTNERSHIP INTEREST IN BHARATNAGAR BUILDCON LLP

• PRESTIGE ESTATES - CO NOW INDIRECTLY HOLDS 66.93% PARTNERSHIP INTEREST IN BHARATNAGAR BUILDCON

Source text: ID:nBSEbcBNfm

Further company coverage: PREG.NS

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Oct 14 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES - LAUNCHES PRESTIGE GARDEN TRAILS IN DAHISAR-MIRA ROAD

• PRESTIGE ESTATES - LAUNCHES PRESTIGE GARDEN TRAILS WITH GDV OF 20 BILLION RUPEES

Source text: ID:nNSE37BfQ0

Further company coverage: PREG.NS

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** Shares of Prestige Estates Projects PREG.NS rise 1.7% to 1,652 rupees

** Nomura initiates coverage with 'buy' rating, 1,900 rupees PT - matching analysts' median target, per LSEG data

** Brokerage says PREG's pan-India growth strategy outpaces peers in key Mumbai, Delhi NCR markets; expects significant scale-up from mid-income township, luxury developments

** Estimates FY26 pre-sales at nearly 290 bln rupees ($3.30 bln) and beat forecast by 10% if launch targets met

** Projects annuity, hotel EBITDA to multiply 4-5x over next 4-5 years on strong execution

** 18 analysts covering PREG have a "buy" rating on avg - data compiled by LSEG

** YTD, PREG down 2.5% vs Nifty realty's .NIFTYREAL fall of 13%

($1 = 87.7587 Indian rupees)

(Reporting by Urvi Dugar)

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July 7 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES PROJECTS LTD - PRESTIGE FALCON MALLS BUYS 49% IN NOTTING HILL INVESTMENTS

• PRESTIGE ESTATES PROJECTS LTD - BUYS 48.99% IN AAA INVESTMENTS

• PRESTIGE ESTATES - ACQUIRED 48.99% PARTNERSHIP INTEREST IN PRESTIGE AAA INVESTMENTS

• PRESTIGE ESTATES PROJECTS LTD - PAYS 256 MILLION RUPEES TO RETIRING PARTNERS FOR AAA INVESTMENTS

• PRESTIGE ESTATES PROJECTS LTD - PRESTIGE NOTTING HILL DEAL FOR 3 BILLION RUPEES

Source text: ID:nBSEz7lH8

Further company coverage: PREG.NS

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June 30 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES PROJECTS LTD - LAUNCHES PRESTIGE PALLAVARAM GARDENS IN CHENNAI

• PRESTIGE ESTATES PROJECTS LTD - PROJECT HAS GROSS DEVELOPMENT VALUE OF 33.50 BILLION RUPEES

Source text: ID:nBSE4QPpb4

Further company coverage: PREG.NS

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June 27 (Reuters) - Arihant Foundations & Housing Ltd ARFL.BO:

• ARIHANT FOUNDATIONS & HOUSING LTD - PRESTIGE AND ARIHANT GROUP TO JOINTLY BUY LAND IN CHENNAI

• ARIHANT FOUNDATIONS & HOUSING LTD - DEVELOPMENT POTENTIAL OF 750,000 SQ FT WITH GDV OVER 16 BILLION RUPEES

Source text: ID:nBSE96kX0K

Further company coverage: ARFL.BO

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June 6 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES - INCORPORATED A JOINT VENTURE COMPANY

Source text: ID:nBSE7k5XbM

Further company coverage: PREG.NS

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May 27 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES PROJECTS LTD - LAUNCHES PRESTIGE GARDENIA ESTATES IN BANGALORE

• PRESTIGE ESTATES PROJECTS LTD - PROJECT COMPRISES 516 PLOTS WITH REVENUE POTENTIAL OF 8 BILLION RUPEES

Source text: ID:nBSE6r0Hss

Further company coverage: PREG.NS

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** Real estate developer Prestige Estates' PREG.NS launch of key residential project in Indirapuram, Ghaziabad, to drive FY26 pre-sales and allay concerns over its FY25 pre-sales forecast miss, CLSA says

** CLSA reiterates "outperform", PT 1,315.8 rupees; PREG last up 3.5%

** CLSA says project, with over 100 billion rupees ($1.17 billion) sales potential, will likely be launched in coming days since co has secured regulatory approval

** Believes co can sell 60%-70% of project, marking its entry into National Capital Region market, in FY26

** Project will garner strong response given its location, scale, and mid-income positioning - CLSA

** Stock down 19.6% YTD

($1 = 85.2050 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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April 24 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE HOSPITALITY VENTURES FILES FOR IPO - DRAFT PAPERS

• PRESTIGE HOSPITALITY VENTURES FILES FOR 27 BILLION RUPEES IPO - DRAFT PAPERS

• PRESTIGE HOSPITALITY VENTURES IPO: FRESH ISSUE OF SHARES UP TO 17 BILLION RUPEES

• PRESTIGE HOSPITALITY VENTURES IPO: OFFER FOR SALE UPTO 10 BILLION RUPEES

• PRESTIGE HOSPITALITY VENTURES IPO: JM FINANCIAL, J.P. MORGAN INDIA ARE AMONG BOOK RUNNING LEAD MANAGERS

Source text: [ID:]

Further company coverage: PREG.NS

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March 28 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• APPROVES INVESTMENT IN PRESTIGE HOSPITALITY VENTURES

• INVESTMENT UP TO 16.25 BILLION RUPEES IN WHOLLY OWNED SUBSIDIARY

Source text: ID:nNSE5X3W2K

Further company coverage: PREG.NS

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March 3 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• INCOME TAX DEPARTMENT CONCLUDES SEARCH AT PRESTIGE ESTATES OFFICES

• FULLY COOPERATED WITH INCOME TAX DEPARTMENT

Source text: ID:nBSE4N6lY9

Further company coverage: PREG.NS

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** Shares of Prestige Estates Projects PREG.NS fall as much as 3.7% to 1,148.5 rupees, lowest since March 28

** The real estate developer said on Tuesday that the Income Tax department is conducting search at co's registered office and other branch offices from Feb. 25

** Co did not provide further updates regarding search

** Seventeen analysts covering the stock on average have a "buy" rating; median PT is 1,805 rupees - LSEG data

** Stock has shed ~30% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 1 (Reuters) - Shares of Indian real estate companies rose on Saturday after the government announced measures to boost the spending power of the middle class in Asia's third-biggest economy, likely spurring investments in the residential housing space.

India's plan to cut income tax rates in the 2025-26 budget was widely welcomed by investors and experts, as it boosts disposable income in a country grappling with sluggish consumption in recent quarters.

The Nifty realty index .NIFTYREAL rose 3.3% and was set for its best day in nearly eight months.

Eight of the ten members in the sub-index were trading higher, with realtors Prestige Estates PREG.NS, DLF DLF.NS and Sobha SOBH.NS climbing between 2% and 6%.

"This move is expected to strengthen demand for affordable housing," said Anuj Puri, chairman of ANAROCK Group.

Middle-class homebuyers, landlords, and investors can now benefit from reduced tax liabilities, better affordability, and fewer compliance hassles, Puri added.

Badal Yagnik, CEO of Colliers India, also echoed the sentiment and said the rationalization of taxes and enhancement of exemption limits can boost disposable income, spurring consumption levels and real estate investments, particularly in residential real estate and alternate financial instruments such as REITs.

The government also made room for homeowners to claim two self-occupied properties as tax-free, as compared to only one earlier, a move likely benefiting residential real estate investment.

This step minimizes tax pressures, promotes homeownership, and facilitates real estate investment, especially in second homes and Tier 2 and 3 cities, Puri said.

Other consumption-linked sectors were also trading higher on the day after the cut to income tax.

(Reporting by Indranil Sarkar and Kashish Tandon in Bengaluru; Editing by Eileen Soreng)

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Jan 30 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES PROJECTS Q3 CONSOL NET PROFIT 177 MILLION RUPEES

• PRESTIGE ESTATES PROJECTS Q3 CONSOL REVENUE FROM OPERATIONS 16.55 BILLION RUPEES

Source text: [ID:]

Further company coverage: PREG.NS

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** Shares of NITCO Ltd NCOT.NS rise as much as 3.9% to 146 rupees

** Tilemaker secures order valued at 1.05 bln rupees ($12.4 mln) from Prestige Estates Projects PREG.NS

** Says it also anticipates receiving orders worth 1.04 bln rupees from PREG in near future

** Stock on track to gain for the third straight day

** More than 131,000 shares traded as of 9:39 a.m. IST vs their 30-day moving avg of 180,641 shares

** NCOT last up 2.5%, adding to YTD gains of 354%

($1 = 84.9010 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Dec 16 (Reuters) - Nitco Ltd NCOT.NS:

• GOT ORDER WORTH 1.05 BILLION RUPEES

• ANTICIPATES RECEIVING ORDERS WORTH 1.04 BILLION RUPEES FROM PRESTIGE ESTATES

Source text: [ID:]

Further company coverage: NCOT.NS

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** Apartment launch pipelines by Indian homebuilders are strong for second half of ongoing fiscal year, says brokerage Nuvama

** Brokerage's top picks are Bengaluru-focussed developers Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS

** On the day BRIG up 2.1%, PREG rises 1.8%

** New launches should lead to ramp up in bookings amid low inventory levels and two straight quarters of weakness (Q1 and Q2) - Nuvama

** October launches "decent" across geographies - Nuvama

** Developers have ramped up land capex Y/Y in FY25, utilizing "virtually entire operating cash flows" while debt remained comfortable, which bodes well for growth in next 6-8 quarters, says brokerage

** YTD, shares of BRIG up 38.6% and PREG up 41.2% compared to 31.6% gain in the Nifty Realty Index .NIFTYREAL

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru)

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** Shares of property developer Prestige Estates Projects PREG.NS fall as much as 5.1% to 1,620 rupees

** Morgan Stanley downgrades stock to "underweight" from "overweight", cuts TP to 1,510 rupees from 1,770 rupees

** New TP is at a discount of 11.5% to stock's last close at 1,706.15 rupees

** Reduce our FY25 pre-sales growth estimate to +9% Y/Y from 28% since co achieved only 29% of its FY25 target in 1HFY25 - brokerage

** Adds, PREG's last twelve month avg. pre-sales growth is weakest among peers (-2% Y/Y, -15% Q/Q)

** PREG's 2HFY25 launch pipeline of 5.21 bln rupees ($61.7 mln) is strong, however uncertainty over approval remains - Morgan Stanley

** Avg rating of 16 analysts equivalent of "buy", median PT is 2,020 rupees - LSEG data

** Stock last down 4.2%, trimming YTD gains to 38.6%

($1 = 84.4630 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Nov 14 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• ACQUIRES 22,135 SQ. METERS LAND IN MIRA BHAYANDAR MUNICIPAL CORPORATION, MUMBAI

• COST OF ACQUISITION IS AROUND 2.92 BILLION RUPEES

Source text: ID:nBSE3HprWN

Further company coverage: PREG.NS

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** Shares of India's Prestige Estates Projects PREG.NS fall ~2% at the open, extends losses to third straight session

** Property developer's Q2 revenue growth slows as approval delays weigh on new launches

** The Nifty Realty index .NIFTYREAL, which co is a part of, sheds 0.3% in early trade

** Stock has gained 36% YTD vs NIFTYREAL's ~28% rise

(Reporting by Hritam Mukherjee in Bengaluru)

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Oct 29 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• Q2 CONSOL NET PROFIT 1.92 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 23.04 BILLION RUPEES

Source text: [ID:]

Further company coverage: PREG.NS

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Oct 28 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES - ACQUIRES LAND IN BENGALURU TO DEVELOP RESIDENTIAL PROJECT

• PRESTIGE ESTATES - ACQUIRES LAND IN BENGALURU TO DEVELOP RESIDENTIAL PROJECT FOR 4.62 BILLION RUPEES

Source text: [ID:]

Further company coverage: PREG.NS

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** Shares of Prestige Estates Projects PREG.NS climb as much as 6.9% to 1,845 rupees; last up 5.4%

** The real estate firm approved a qualified institutional placement (QIP) to raise funds at a floor price of 1,755.09 rupees apiece

** Floor price at 1.7% premium on last close

** Co to raise 50 bln rupees (about $596 mln) via QIP, it said in June

** Stock eyes busiest trading session since late-Feb., volumes at 3.2x the 30-day avg

** Analysts' avg rating on stock is "Buy", median PT is 1,940 rupees, per LSEG data

** At current price, stock is up 8.6% this week, after nearly 8% loss last week

($1 = 83.8620 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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July 31 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• PRESTIGE ESTATES JUNE-QUARTER CONSOL NET PROFIT 2.33 BILLION RUPEES

• PRESTIGE ESTATES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 18.62 BILLION RUPEES

Further company coverage: PREG.NS

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July 11 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• SALES COLLECTIONS FOR QUARTER UP BY 6% Y/Y

• Q1 SALES AT 30.3 BILLION RUPEES VERSUS 39.15 BILLION RUPEES YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: PREG.NS

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** Shares of India's Prestige Estates Projects PREG.NS rose as much as 4.6% to hit record high, last up 3.9%

** Co top pct. gainer on the Nifty Realty index .NIFTYREAL, which is up 0.3%

** PREG's board approved roughly $600 mln fundraise by issuing shares to institutional investors late on Friday

** Trading vols. 1.3x 30-day avg.

** Including session's gains, YTD stock had risen 75%, outperforming a 45% rise in NIFTYREAL

(Reporting by Hritam Mukherjee in Bengaluru)

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June 21 (Reuters) - Prestige Estates Projects Ltd PREG.NS:

• APPROVED FUND RAISE UPTO 50 BILLION RUPEES

• FUND RAISE VIA QIP

• TO MONETIZE ASSETS OF THE HOSPITALITY SEGMENT THROUGH PRESTIGE HOSPITALITY VENTURE

• TO MONETIZE ASSETS OF HOSPITALITY SEGMENT THROUGH PRESTIGE HOSPITALITY VENTURE BY ISSUE OF SHARES

Source text for Eikon: [ID:]

Further company coverage: PREG.NS

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