Prestige Estates Share: Company signs agreement with BMRCL to invest ₹115 Cr

Synopsis: Prestige Group signs a 30-year pact with BMRCL to upgrade Bellandur Metro Station, investing ₹115 crore, securing naming rights and commercial benefits to boost urban connectivity.

This Mid-cap Realty Stock, engaged in developing residential properties, commercial offices, retail malls, hospitality projects, and providing property management services across India, jumped 1.40 percent after signing an agreement with BMRCL to invest Rs. 115 crore for station upgradation.

With a market capitalization of Rs. 63,980.67 crores, the share of Prestige Estates Projects Limited has reached an intraday high of Rs. 1,507.10 per equity share, rising nearly 1.40 percent from its previous day’s close price of Rs. 1,486.30. Since then, the stock has retreated and is currently trading at Rs. 1,485.40 per equity share. 

What is the News?

Prestige Group has signed an agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to adopt and co-brand the Bellandur Metro Station in Bengaluru as “Prestige Bellandur Metro Station.” 

Under the 30-year agreement, Prestige Beta Projects Private Limited will invest Rs. 115 crore to upgrade and enhance the station’s infrastructure. In return, the company will receive exclusive naming rights, 3,000 sq. ft. of commercial space, and 1,000 sq. ft. of advertising space.

The agreement also includes a provision for a future elevated connectivity bridge to Prestige Lakeshore Drive. Located on the busy ORR Metro Corridor between Silk Board and KR Puram, the station serves a major office hub. This public–private partnership aims to enhance connectivity, support sustainable urban development, and improve commuter experience in Bengaluru.

Project Portfolio:

Prestige Estates Projects Limited has a strong project portfolio across residential, commercial, and retail segments. The company has completed 313 projects covering 206 million sq. ft. Currently, 65 projects spanning 126 million sq. ft. are ongoing, while 63 upcoming projects account for 69 million sq. ft. This diversified pipeline highlights Prestige’s continued expansion and leadership in India’s real estate sector.

In residential, the company has completed 162 projects (142 mn sft), with 44 ongoing (95 mn sft) and 31 upcoming projects (42 mn sft). In commercial, it has completed 126 projects (50 mn sft), with 12 ongoing (22 mn sft) and 11 upcoming projects (14 mn sft), reflecting steady growth and expansion.

Company Overview:

Prestige Estates Projects Limited was incorporated in 1997 and is a leading Indian real estate developer headquartered in Bengaluru, Karnataka. The company serves as the listed flagship of the broader Prestige Group, founded by the late Razack Sattar in 1986. The company is among South India’s largest property developers, with operations spanning residential, commercial, retail, hospitality, and office spaces across multiple Indian cities.

Coming into financial highlights, Prestige Estates Projects Limited’s revenue has increased from Rs. 1,654 crore in Q3 FY25 to Rs. 3,873 crore in Q3 FY26, which has grown by 134.16 percent. The net profit has also grown by 665.63 percent from Rs. 32 crore in Q3 FY25 to Rs. 245 crore in Q3 FY26.

Prestige Estates Projects Limited’s revenue has grown at a CAGR of 4.77 percent over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 7.66 percent and 3.48 percent, respectively. Prestige Estates Projects Limited has an earnings per share (EPS) of Rs. 22.5, and its debt-to-equity ratio is 0.92x.

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