Prestige Estates Projects Limited has informed the Exchange regarding a press release dated January 14, 2026, titled Prestige Unveils Evergreen at Prestige Raintree Park- a Rs. 5,000 Crore GDV Premium Living Destination in Whitefield, Bengaluru .
PRESTIGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prestige Estates has unveiled a new premium residential project called 'Evergreen at Prestige Raintree Park' located in Whitefield, Bengaluru. The project has a Gross Development Value (GDV) of Rs. 5,000 Crore, making it a sizeable addition to the company's development pipeline. It is positioned as a premium living destination, targeting the high-end housing segment. The launch strengthens Prestige's footprint in Bengaluru's Whitefield micro-market, a key demand corridor for luxury and premium homes.
Positive for the company's medium-term revenue visibility, as the Rs. 5,000 Crore GDV project adds meaningful scale to Prestige's premium housing portfolio. Investors should note that revenue recognition will be spread over the project's construction and sales cycle, so near-term earnings impact will be limited.