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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Prestige Estates Projects Ltd

Prestige Estates Acquires Allure Developers for Upto INR 5,237.6 Million

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 06 Nov 2026, 09:00 PM IST  ·  BSE ID: 4215f6d8-2334-4cf9-8cfc-752b3bf3ba90
View Original BSE Filing (PDF)
💡
In Simple Terms
Prestige Estates acquired another real estate developer, Allure Developers, to build a residential project in Noida.
🤖 AI Summary
  • Prestige Estates acquired 100% stake in Allure Developers Private Limited for upto INR 5,237.6 million.
  • Allure Developers, incorporated in 2013, specializes in real estate development.
  • The acquisition targets the development of a residential project in Sector 150, Noida, Uttar Pradesh.
  • The transaction is structured as a cash consideration and will be completed within 7 working days.
  • Allure Developers reported a turnover of INR 1.23 Million for the year ended March 31, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Acquisition Cost
upto INR 5,237.6 million
Stake Acquired
100%
Allure Developers Turnover FY26
INR 1.23 Million
Not comparable — limited prior period data.
Allure Developers Turnover FY25
INR 0.1 Million
Allure Developers Turnover FY24
INR 0.1 Million
🏢 How This Affects the Company
📈
Business Impact
This acquisition adds a residential project in Noida, Uttar Pradesh, expanding Prestige Estates' development pipeline and geographic footprint in the NCR region.
💰
Financial Impact
Prestige Estates will disburse upto INR 5,237.6 million in cash consideration for the acquisition, which will impact its cash reserves.
⚙️
Operational Impact
Allure Developers becomes a wholly-owned subsidiary, integrating its residential project development capabilities into Prestige Estates' operations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this acquisition intimation.
👤
Who Is Affected
Shareholders of Prestige Estates Projects Limited are indirectly affected as the company expands its real estate development portfolio and commits upto INR 5,237.6 million in cash for the acquisition.
🔍
Management Signal
This acquisition signals management's intent to expand its residential project footprint, particularly in the Noida, NCR region, through strategic inorganic growth.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Completion confirmation of the Allure Developers acquisition within 7 working days.
Future updates on the residential project development in Noida, NCR.
Q3 FY27 financial results for Prestige Estates Projects Ltd to assess cash position.
LOW RISK The acquisition is for project development, aligning with the company's core business, with no disclosed related party transactions.
💡 Investor Takeaway
Prestige Estates acquired 100% stake in Allure Developers for upto INR 5,237.6 million to develop a residential project in Noida. Allure Developers' FY26 turnover was INR 1.23 Million. The acquisition is a cash consideration and completes within 7 working days, expanding the company's real estate pipeline.
⚖️ Strengths & Concerns

✅ Positives

  • Acquisition expands Prestige Estates' presence in the Noida, NCR market with a new residential project development.
  • The transaction is a 100% stake acquisition, providing full control over the target entity's project development.

⚠️ Concerns

  • Allure Developers reported a relatively low turnover of INR 1.23 Million for FY26, suggesting it is an early-stage project entity.
  • The acquisition involves a significant cash consideration of upto INR 5,237.6 million, impacting immediate cash outflow.
📅 Company Track Record
This acquisition follows a series of strategic expansions by Prestige Estates. In October 2026, the company completed the first tranche of a hospitality deal, receiving INR 1,500,00,00,000. Earlier, in July 2026, it acquired a 50% stake in Advent Convention for upto Rs. 504 crores, and in April 2026, a 50% stake in Aaramnagar Realty LLP for Rs. 180 crores. In November 2026, Prestige also acquired 100% of Gloind Vintage Infra for approximately INR 519 crores.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What stake did Prestige Estates acquire in Allure Developers?
Prestige Estates Projects Limited acquired a 100% stake in Allure Developers Private Limited.
What is the acquisition cost for Allure Developers?
The acquisition of Allure Developers Private Limited by Prestige Estates will involve a cash consideration of upto INR 5,237.6 million.
What is the purpose of acquiring Allure Developers?
The acquisition's object and effect are to develop a residential project at Sector 150 NOIDA, Uttar Pradesh.
What was Allure Developers' turnover for the year ended March 31, 2026?
Allure Developers Private Limited reported a turnover of INR 1.23 Million for the year ended March 31, 2026 (FY26).
When is the acquisition of Allure Developers expected to be completed?
The transaction for the acquisition of Allure Developers Private Limited is expected to be consummated on or before 7 working days.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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