{"id":121239,"date":"2024-03-22T13:34:24","date_gmt":"2024-03-22T08:04:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121239"},"modified":"2024-03-22T14:39:28","modified_gmt":"2024-03-22T09:09:28","slug":"realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr\/","title":{"rendered":"Realty stock jumps 6% after it acquires 62.5 acres of land for a project worth \u20b9 468 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-431836218\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Realty stock engaged in the business of real estate development encompassing the development and construction of properties jumped 6 percent in the day\u2019s trade upon acquiring 62.5 acres of land for Rs. 468 Crores to build the prestige city project to offer commercial and residential spaces and many more.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1466072571\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 43,920 Crores, the shares of Prestige Estates Projects Limited were trading at Rs.1,098, up 4.82 percent from its previous day\u2019s close price of Rs. 1,047.95.&nbsp;<\/p><p>Prestige Estates Projects Limited has acquired 62.5 acres of land for Rs. 468 Crores. This strategic acquisition marks a significant milestone for Prestige Group as it expands its footprint in NCR&#8217;s dynamic real estate market.&nbsp;<\/p><p>This project will be branded under the successful \u2018The Prestige City\u2019 format, offering residents an unparalleled lifestyle experience in a large township with a seamless blend of residential, retail, school and recreational spaces&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3596121726\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This large-format project spans over 10 Mn Sq. Ft. of saleable area, with a projected Gross Development Value (GDV) surpassing Rs. 10,000 Crores showcasing our commitment to diversifying our sales portfolio and expanding footprints. We look forward to launching the project within the next two quarters and completing the development in 4 years said Mr. Venkat K Narayana, Group CEO of Prestige Group.&nbsp;<\/p><p>Prestige Estate Projects Limited is engaged in the business of real estate development encompassing the development and construction of properties, leasing of office and retail Properties.&nbsp;<\/p><p>As of Q3FY24, Prestige Estate Projects Limited has completed 145 projects, 41 ongoing projects, and 26 upcoming projects in the residential segment, and in the commercial segment it has completed 121 projects, 11 projects are ongoing and there are 12 upcoming projects.&nbsp;<\/p><p>Its revenue from operations grew by 30.14 percent from Rs. 6,390 Crores in Q3FY23 to Rs. 8,315 Crores in Q3FY24, accompanied by profits of Rs. 1,215 Crores to Rs. 1,067 Crores.&nbsp;<\/p><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2600060523\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1431147702\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Realty stock engaged in the business of real estate development encompassing the development and construction of properties jumped 6 percent in the day\u2019s trade upon acquiring 62.5 acres of land for Rs. 468 Crores to build the prestige city project to offer commercial and residential spaces and many more.&nbsp; With a market capitalization of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-121239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Realty stock jumps 6% after it acquires 62.5 acres of land for a project worth \u20b9 468 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Realty stock engaged in the business of real estate development encompassing the development and construction of properties jumped 6 percent in the day\u2019s trade upon acquiring 62.5 acres of land for Rs. 468 Crores to build the prestige city project to offer commercial and residential spaces and many more.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realty stock jumps 6% after it acquires 62.5 acres of land for a project worth \u20b9 468 Cr\" \/>\n<meta property=\"og:description\" content=\"Realty stock engaged in the business of real estate development encompassing the development and construction of properties jumped 6 percent in the day\u2019s trade upon acquiring 62.5 acres of land for Rs. 468 Crores to build the prestige city project to offer commercial and residential spaces and many more.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T08:04:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-22T09:09:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/real-estate-building-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/realty-stock-jumps-6-after-it-acquires-62-5-acres-of-land-for-a-project-worth-468-cr\/\",\"name\":\"Realty stock jumps 6% after it acquires 62.5 acres of land for a project worth \u20b9 468 Cr - 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