Prestige Estates Share Price in Focus; Sets Up Two New Real Estate Subsidiaries

Prestige Estates Projects has started two new LLPs for its real estate business. The two LLPs have been formed for real estate development.  

They have not started their operations yet, so there is no turnover to report for either of them.  

Southgrove Homes LLP 

Southgrove Homes LLP was incorporated with LLPIN ADC-0701. The LLP has a total contribution of ₹1 lakh, with the company and its subsidiary contributing the full amount. 

Prestige Estates will have 100% of the partnership interest in Southgrove Homes, directly and indirectly. The new LLP has been set up for real estate development, but it has not started its business yet.   

Southgrove Homes is registered in India under the Limited Liability Partnership Act, 2008. Its date of incorporation is September 9, 2026, and it does not have any turnover history yet.  

Parkgrove Realty LLP 

Parkgrove Realty LLP was also incorporated on September 9, 2026. It has been given LLPIN ADC-0700 and has a total partner contribution of ₹1 lakh. 

Prestige Estates and its subsidiary have contributed the full ₹1 lakh, giving the group 100% of the partnership interest directly and indirectly. Like Southgrove Homes, Parkgrove Realty has not started its business operations yet.   

The LLP has been set up to carry out real estate development in India. No government or regulatory approval is required for its incorporation, according to the company.  

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Prestige Estates Share Price Performance 

As of September 10, 2026, at 11:55 AM, Prestige Estates share price was trading at ₹1,540.00 per share, reflecting a decline of 0.02% from the previous trading session. 

Conclusion 

Prestige Estates has added two wholly owned LLPs, Southgrove Homes and Parkgrove Realty, to its group. Both entities were incorporated on September 9 and have been set up for real estate development. Neither company has started operations yet. 

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