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.