Prestige Estates shares surge over 3% after completing three landmark projects in Mumbai
By Aman Shukla Published on May 29, 2025, 10:00 IST
Prestige Estates' shares jumped over 3% in morning trade following the successful completion and inauguration of its first three major projects in Mumbai: Siesta at The Prestige City, Mulund; Prestige Jasdan Classic, Mahalaxmi; and Prestige Turf Tower, Mahalaxmi. These developments cover a vast 2.8 million square feet, marking Prestige Group's strong debut in Mumbai since its 2022 launch.
The Group plans to hand over nearly 700 premium residential units and 130 office spaces soon, reinforcing its reputation for timely delivery and high-quality construction.
Siesta at The Prestige City, Mulund, is a premium 54-storey residential tower featuring 462 sky-lounge apartments and a multi-level clubhouse with extensive lifestyle amenities. Prestige Jasdan Classic, located in the prime Mahalaxmi area, offers 233 luxury residences in a 45-storey boutique tower with facilities like a swimming pool, gym, badminton and squash courts, and a banquet hall.
Additionally, Prestige Turf Tower is a Grade A commercial building overlooking the Mahalaxmi Race Course, expanding Prestige's presence in Mumbai's commercial real estate market.
Prestige Estates' shares opened at ₹1,476.00, and, at the time of writing, reached a high of ₹1,508.90 and a low of ₹1,472.00 during the trading session. The stock remains below its 52-week high of ₹2,074.80 but well above the 52-week low of ₹1,048.05.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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