NCR foray boosts Indian developer Prestige's first-quarter profit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
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Should l Buy ?
Source: Reuters
Strong Financial Performance: Prestige Estates Projects reported a 26% increase in net profit to 2.93 billion rupees for the first quarter, driven by high demand for apartments in the National Capital Region, which contributed to 59% of its quarterly bookings.
Market Trends and Strategies: The Indian real estate sector is witnessing a shift towards larger, amenity-rich apartments post-pandemic, prompting developers like Prestige to engage in aggressive land acquisitions and adapt their project launches based on changing buyer preferences.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
