NSEPress Release2d ago · 28 Aug 2026, 03:51 pm

Press Release

Prestige Estates Projects Limited · PRESTIGE

✦ AI Summary▲ PositiveExpansion

Prestige Estates Projects Limited has announced the launch of Prestige Palm Court, a new residential development in Madhavaram, North Chennai, with 910 premium apartments across 7.98 acres of land.

Analysis Scores

Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment8/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Prestige Estates Projects Limited has informed the Exchange regarding a press release dated August 28, 2026, titled "Prestige launches Prestige Palm Court in Madhavaram, North Chennai".

Attachments (1)

📄

PRESTIGE_28082026155025_Intimation28082026.pdf

pdf

Download →
View document text
Date: August 28, 2026 The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex, Bandra (E) Floor 25, P J Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: PRESTIGE BSE Scrip code: 533274 Dear Sir / Madam, Sub: Press Release titled “Prestige launches Prestige Palm Court in Madhavaram, North Chennai” Please find enclosed, a copy of the Press Release titled “Prestige launches Prestige Palm Court in Madhavaram, North Chennai”. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary & Compliance Officer Enclosed: As above Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322 PRESTIGE LAUNCHES PRESTIGE PALM COURT IN MADHAVARAM, NORTH CHENNAI Prestige Estates is delighted to announce the launch of a new residential development in Madhavaram, North Chennai named Prestige Palm Court. This development is spread across 7.98 Acres of land at Madhavaram on GNT (Grand Northern Trunk Road) with 5 towers of Ground + 22 Floors and 2 basements, comprising of 910 premium apartments. These apartments come in various configurations of 1, 2 & 3 Bedroom Home Options starting from saleable areas of 641 sq ft onwards up to 1827 sq ft. The overall development is approximately 1.38 mn sq ft of saleable area, with an estimated Gross Development Value of Rs. 1330 Crore. This is part of Prestige Group’s expansion plans in Chennai region, where it intends to launch 3 to 4 residential developments in this financial year. About Prestige Group: Prestige Group is one of India's most respected and diversified real estate developers, with a legacy spanning four decades and a portfolio that includes residential, commercial, retail, hospitality, and integrated township projects across major cities. As of June 2026, the Group has delivered 319 projects spanning 216.37 million sq. ft. and currently has a pipeline of 139 projects across 247.16 million sq. ft. Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322