Prestige Estates Projects Limited — Updates, 27-06-2025: Press Release

Prestige Group has announced a board meeting to approve the financial results for the quarter and half-year. The company, through its joint venture Canopy Living LLP with Arihant Group, is acquiring a prime 3.48-acre land parcel in Velachery, Chennai, for a premium residential development with about 7.5 lakh sq ft and an estimated GDV of over ₹1,600 crore. This move strengthens Prestige's presence in Chennai, targeting high-end urban housing in a well-connected neighborhood with strong growth potential.