Prestige Estates enters ₹9,000 Cr Versova Mumbai residential project via JV, here are detailsPrestige Estates enters ₹9,000 Cr Versova Mumbai residential project via JV, here are details

Introduction

Leading real estate developer entered joint venture with ABIL Group to develop Versova Mumbai land parcel with 1.7 million sq ft and ₹9000 crore value.

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Share price movement of Prestige Estates

On April 10, 2026, Prestige Estates Projects Ltd opened at ₹1,333.85, up 1.19% from its previous close of ₹1,318.20. The stock reached a high of ₹1,353.00 (2.64%) and a low of ₹1,320.30 (0.16%). By 11:48 AM, it traded at ₹1,326.75, a 0.65% increase, with a market cap of ₹57,147.13 crore.

Prestige Enters Versova Housing Project

Prestige Estates Projects Limited announced joint venture with ABIL Group to develop land parcel in Versova Mumbai through Aaramnagar Realty LLP, holding development rights to Aram Nagar site.

The development spans approximately 6 acres and offers total development potential of around 1.7 million square feet RERA area with estimated gross development value exceeding ₹9,000 crore in the project.

The project is planned as premium residential development targeting demand in Mumbai western suburbs, supported by connectivity, social infrastructure, and proximity to key commercial hubs in Versova micro market area.

Stock performance of Prestige Estates for period of 1 week, 6 months, and 1 year

Prestige Estates Projects Ltd delivered a 1-week return of 14.5%, a 6-month return of -18.6%, and a 1-year return of 22.2%.

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Shareholding pattern of Prestige Estates

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	60.90%	60.90%	60.90%
FII	15.70%	15.70%	17%
DII	21.00%	20.70%	19.60%
Public	2.40%	2.60%	2.80%

About Prestige Estates

Prestige Estates Projects Limited (NSE: PRESTIGE) is a diversified real estate developer with four decades legacy, 313 delivered projects, and ongoing pipeline across residential, commercial, retail segments.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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