Prestige Estates Projects Ltd. has significantly expanded its commercial real estate footprint with the acquisition of a 66.93% stake in Bharatnagar Buildcon LLP, valued at Rs 938.75 crore. The move follows a robust second-quarter performance, highlighting the group’s strategy to strengthen its portfolio and maintain sustained growth across India’s realty markets.
The transaction, executed through subsidiaries Prestige Falcon Realty and Prestige Projects, involved capital and current account contributions totalling nearly Rs 939 crore. The acquisition is classified as an independent business expansion effort, with no direct related-party involvement beyond promoter shareholdings in Prestige Estates and its subsidiaries. Bharatnagar Buildcon, founded in 2011, is engaged in real estate development and construction and reported a turnover of Rs 3,47,272 lakh for FY25. “The acquisition consolidates our presence in high-potential commercial projects and aligns with our long-term strategy of geographic and segmental diversification,” an official from Prestige Estates said. The announcement came alongside market optimism, with Prestige Estates shares rising over 2% to Rs 1,652.9 in early trade before moderating to Rs 1,646.9, outperforming the Nifty 50’s modest 0.2% gain. Despite a 2% decline in December to date, the stock’s movement signals investor confidence in strategic portfolio expansion and strong operational performance.
Prestige Estates recently reported a 95% year-on-year jump in consolidated net profit to Rs 457.4 crore for Q2 FY26, driven by higher revenue and efficient cost management. Total income for the quarter reached Rs 2,697.8 crore, up from Rs 2,423.8 crore in the corresponding period of the previous fiscal year. Industry experts note that such acquisitions strengthen long-term revenue visibility while enhancing the group’s credentials for large-scale commercial projects. The combination of strategic investment and operational growth positions Prestige Estates to capitalise on rising demand in key urban centres including Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and the NCR. Irfan Razack, Chairman and Managing Director of Prestige Group, emphasised that the company’s robust launch pipeline and strategic acquisitions will sustain growth momentum throughout the financial year. Analysts suggest that consolidating stakes in commercial ventures could improve cash flow stability and enhance investor confidence in the group’s multi-segment portfolio.
With a strengthened commercial portfolio, consistent earnings growth, and a strategic focus on high-value urban projects, Prestige Estates appears well positioned to maintain market leadership and support India’s evolving urban development landscape.
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