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Business Summary

Prestige bets Rs 524 cr for Noida housing project

Prestige Estates Projects Ltd has purchased a complete stake in Allure Developers for Rs 524 crore. The acquisition was finalized on November 6, 2026, in a share purchase…

By Storywire Newsdesk Published
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Prestige bets Rs 524 cr for Noida housing project
Prestige bets Rs 524 cr for Noida housing project — image via Economic Times — Credit: Economic Times

Attributed summary

Prestige Estates Projects Ltd has purchased a complete stake in Allure Developers for Rs 524 crore. The acquisition was finalized on November 6, 2026, in a share purchase agreement. Allure Developers is currently involved in developing a residential project located in Noida Sector 150. The company has made similar acquisitions, including Gloind Vintage Infra for Rs 519 crore.

Read the original report — Economic Times

Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.

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