Prestige Estates Rises 5.63% as It Launches ₹2,000 Crore ‘Prestige Garden Trails’ Project in Mumbai

Bengaluru, October 15: Prestige Estates Projects Limited share price trading in the grePrestige Estates Rises 5.63% as It Launches ₹2,000 Crore ‘Prestige Garden Trails’ Project in Mumbaien today, on October 15. As of 1:40 PM, the shares are up by 5.63%, or 90.30 points, and are trading at ₹1,693.90. Until now, the shares have traded within a range of ₹1,700 and ₹1,593.40. The current traded volume stands at 15.27 lakh shares, with the company’s market cap at ₹69,072 crore. The shares have their 52-week high at ₹1,909.85 and their 52-week low at ₹1,048.05.

Prestige Estates Projects Limited is an Indian company that is engaged in providing real estate services for the commercial and residential space. The company was established in 1997, and is headquartered in Bengaluru, Karnataka. The shares of the company are listed on NSE with the ticker symbol PRESTIGE and on BSE with the code 533274.

Key Trigger: Launch of ₹2,000 Crore ‘Prestige Garden Trails’ Project in Mumbai

The rise in the share price comes after the company announced the launch of its new residential project Prestige Garden Trails in Mumbai’s western suburbs. Prestige Estates has launched a new residential project named Prestige Garden Trails, located on the Dahisar-Mira Road in Mumbai. The project is spread across 5.2 acres and will offer a total carpet area of 1 million square feet, comprising 1,324 residential units. The development has an estimated Gross Development Value (GDV) of ₹2,000 crore. Residents will enjoy excellent connectivity to the Western Express Highway and Metro Line 9. The project will also feature amenities such as a clubhouse, landscaped gardens, a swimming pool, and multipurpose courts.

Improving The Strong Brand Reputation

Irfan Razack, Chairman and Managing Director of Prestige Group, said: “Mumbai continues to be one of our key focus markets, and Prestige Garden Trails reflects our confidence in its strong and enduring demand for quality mid-segment housing. We’ve built a strong brand reputation in Mumbai through our luxury and uber-luxury developments. Building on this momentum, we now aim to leverage our brand equity to drive greater scale and speed in the suburban markets, translating goodwill into both velocity and volume.”

REF: https://nsearchives.nseindia.com/corporate/PRESTIGE_14102025102620_Intimation.pdf

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