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Prestige Estates Projects inks pact to acquire 100% stake in Allure Developers

07 Nov 2026 Evaluate

Prestige Estates Projects has entered into share purchase agreement on November 6, 2026 to acquire 100% stake in Allure Developers (Allure). With this acquisition, Allure has become a wholly owned subsidiary of the Company. Allure is undertaking development of a residential project in Noida, NCR.

The objective of acquisition is to develop a residential project at Sector 150, Noida, Uttar Pradesh. The company will pay consideration in tranches of up to Rs 523.76 crore. The transaction will be consummated on or before 7 working days

Prestige Estates Projects is the flagship company of the Prestige Group. The company is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

Peers
Company Name CMP
Lodha Developers 1163.25
Prestige EstatesProj 1590.00
Dilip Buildcon 397.80
DLF 752.10
Oberoi Realty 1742.55
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