Prestige Estates Projects Share Price Live

Prestige Estates Projects Ltd is one of the leading real estate development companies in south India. The company has completed 150 real estate projects of approximately 34.23 million sq ft. They have developed a diversified portfolio of real estate development projects focusing on projects in the residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry. The company also offers a variety of services through their real estate services business, which includes the provision of property management services for their commercial and residential developments, sub-leasing and fit-out services, project and construction management services, interior solutions services, mall management services and the operation of their hospitality projects. Prestige Estates Projects Ltd commenced operations as a partnership firm on April 1, 1986, under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. In March 31, 1997, the partnership firm was reconstituted between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan and the name of the firm was changed to Prestige Estates Projects. In June 4, 1997, the firm was registered as a private limited company with the name Prestige Estates Projects Private Ltd. All of the business and property of the erstwhile partnership firm therefore became vested in the company. In the year 1998, the company forayed into property management services. In the year 2000, they inaugurated Prestige Acropolis. In the year 2001, they received ISO 9001:2000 Certification. Also, they commenced operation of Angsana, their first hospitality project. In the year 2004, the company inaugurated their first retail project, Forum Mall. In the year 2006, they launched an SEZ namely, Cessna Business Park and an integrated township namely, Prestige Shantinikethan. Also, they inaugurated Prestige Ozone, a villa development. In the year 2007, the company expanded their operation to Cochin, Chennai and Hyderabad. They entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and townships. Also, they inaugurated UB City, their largest mixed use development. In the year 2008, the company entered into strategic alliance with CRIDF for developing malls across South India. They also entered into a relationship with UIOF. They inaugurated a luxury mall at UB City namely, the Collections. Also, they started operations of Oakwood Premier Prestige, serviced apartments at UB City. In the year 2009, the company inaugurated Forum Value Mall. In November 10, 2009, the company was converted into a public limited company and the name was changed to Prestige Estates Projects Ltd. In the year 2010, the company launched Prestige White Meadows. In July 2010, the company completed the project Prestige Shantinikethan, which comprised of 14.62 million sq. ft. of Developable Area, across the residential (including 6.07 million sq. ft. of Saleable Area), consisting of 24 blocks of which 17 blocks, with a developable area of 6.14 million sq. ft. The company own or hold development rights for 57.36 million sq ft. of Developable Area, which includes 28.43 million sq. ft. of Saleable Area and 11.04 million sq ft of Leasable Area. The company has 32 ongoing projects which comprise 11 residential projects with a developable area of 10.92 million sq ft (of which the saleable area is 9.27 million sq ft), 14 commercial projects with a developable area of 18.32 million sq ft (of which the saleable area is 5.91 million sq ft and the leasable area is 6.14 million sq ft), four hospitality projects with a developable area of 1.26 million sq ft (which is equivalent to approximately 655 keys, and of which the leasable area is 0.91 million sq ft) and three retail projects with a Developable Area of 3.39 million sq ft (of which the leasable area is 1.20 million sq ft). The company has 13 projects under development, which comprise five residential projects with a developable area of 5.34 million sq ft (of which the saleable area is 4.28 million sq ft), four commercial projects with a developable area of 1.72 million sq ft (of which the saleable area is 0.74 million sq ft and the leasable area is 0.05 million sq ft), two hospitality projects with a developable area of 1.13 million sq ft (which is equivalent to approximately 507 keys, and of which the leasable area is 0.72 million sq ft) and two retail projects with a developable area of 1.97 million sq ft (of which the leasable area is 0.90 million sq ft). The company has nine forthcoming projects, which comprise five residential projects with a developable area of 9.77 million sq ft (of which the saleable area is 7.80 million sq ft), two commercial projects with a developable area of 2.35 million sq ft (of which the saleable area is 0.42 million sq ft and the leasable Area is 0.51 million sq ft) and two retail projects with a developable area of 1.20 million sq ft (of which the leasable area is 0.61 million sq ft).