Prestige launches Rs 5,000 Crore Evergreen project at Raintree Park, Whitefield

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PRESTIGE · price

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Price reactionminutes from the announcement price · days from the prior close

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₹1495.10

prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%+1.9% vs market

Residential Commercial Projects peers, median of 60sector-0.4%+2.3% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Midcap 150 and 2.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Prestige Estates has launched Evergreen at Prestige Raintree Park in Whitefield, Bengaluru, with a Gross Development Value of about Rs 5,000 crores. The project spans around 24 acres and includes about 2,000 apartments across 3.2 million sq ft of saleable area, priced from around Rs 92 lakhs. It offers 1, 2, 3 and 4 BHK homes. This follows the original Raintree Park launch in September 2024. The Group has delivered 310 projects covering 202 mn sq ft and has a pipeline of 130 projects spanning 199 mn sq ft as of September 2025.

Likely market impact

Expands Prestige's premium housing pipeline in a strong Bengaluru micro-market. The Rs 5,000 Cr GDV project can support future bookings and revenue visibility.