Prestige Group acquires 22,135 sq m land in Mira Bhayandar

Prestige Estates Projects has acquired 22,135 sq m of land together with all rights within the jurisdiction of Mira Bhayandar Municipal Corporation, Mumbai. The acquired land will be planned for residential development spanning approximately one million sq ft of carpet area. The cost of acquisition is around Rs 2.91 billion. The company achieved a total sales of Rs 42.26 billion for Q2 FY25, bringing its first half of FY25 sales to Rs 70.52 billion. In terms of sales volumes, it recorded three million sq ft in Q2 with the half year, total reaching 5.87 million sq ft. It sold 1,356 units this quarter, summing up to 2,730 units sold for the first half of FY25.

Related Stories

Prestige Estates to launch Rs 520 Bn housing projects by March 2025
Vodafone Idea, Oil India, and 5 others to join MSCI India Index
Prestige Estates Q1 Profit Dips 3.40%
REC Transfers HVDC Project to Power Grid
NF Railway Collaborates with IIT Guwahati