Prestige Estates Projects Limited has informed the Exchange regarding a press release dated June 30, 2025, titled "Press Release titled Prestige Deepens Chennai Footprint with ₹3,350 Cr Launch on Pallavaram Thoraipakkam Road. ".
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 Projects Limited announced the launch of a new residential project, Prestige Pallavaram Gardens, on the Pallavaram–Thoraipakkam Radial Road in Chennai. The project spans 21.84 acres and will offer 2,069 premium apartments in 2, 3 and 4 BHK configurations, with a total saleable area of 3.1 million square feet. It carries a Gross Development Value (GDV) of ₹3,350 crore and includes a 65,000 sq. ft. clubhouse with amenities such as two swimming pools, wellness zones and fitness areas. The Chairman & Managing Director, Mr. Irfan Razack, stated that this launch is part of a broader expansion strategy to unlock value across new micro-markets in Chennai. The filing is a regulatory submission to NSE/BSE sharing the press release for public information and records.
Positive for the company – the launch adds a sizeable ₹3,350 crore GDV project to Prestige's pipeline, strengthening its presence in the growing Chennai residential market and supporting future revenue visibility for shareholders.