Announced Thu, 18 Jun · 10:31 IST
Prestige launches Phase 2 of plotted project in Devanahalli, Bangalore
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PRESTIGE · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹1521.60
prior close
₹1511.10
base price
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AI summary
Prestige Estates launched Phase 2 of Prestige Gardenia Estates, a plotted development in Devanahalli, North Bengaluru. Spread across about 21 acres with 195 plots and nearly 0.5 mn sqft development area, the project carries revenue potential of about Rs. 400 Crores. It has sold out at launch, highlighting strong demand in the North Bengaluru corridor.
Likely market impact
Sold-out launch signals strong buyer demand and adds about Rs 400 Cr revenue visibility for the company.