Prestige Estates Projects Limited has officially informed the stock exchanges about its latest strategic move. On February 18, 2026, the company, acting through its wholly owned subsidiaries, successfully acquired a 100% partnership interest in Aspire Spaces Tellapur LLP. As a result of this transaction, the LLP has become a wholly owned step-down subsidiary of the company. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquisition was completed on February 18, 2026, for a cash consideration of Rs. 1 Million. By acquiring this 100% interest, Prestige Estates intends to develop a large-scale residential project in Tellapur, Hyderabad. The planned development is expected to span a saleable area of approximately 10 million square feet. The target entity, Aspire Spaces Tellapur LLP, was incorporated on July 26, 2024, and reported a turnover of NIL for the financial year ended March 31, 2025.

Prestige Estates Projects Limited is a leading Indian real estate developer with a diversified portfolio spanning residential, commercial, retail, and hospitality segments. In recent updates from early 2026, the company incorporated another step-down subsidiary, ‘TPCM Educare LLP’, to focus on real estate and allied activities. The group has also been active in land acquisitions, recently securing a 62.5-acre land parcel in Ghaziabad for a mixed-use township and participating in significant land deals in Chennai. As of September 2025, the group had delivered 310 projects covering 202 million square feet.

For the quarter ended December 31, 2025 (Q3 FY26), the company reported a total revenue of Rs. 38,855.0 Million, marking a 44% growth compared to the previous quarter’s Rs. 26,978.0 Million. The net profit for the same period stood at Rs. 2,226.0 Million, which was a 48.3% decrease from the September 2025 quarter but a massive 1,157.6% jump from the corresponding quarter of the previous year. Notable institutional investors in the company include the Razack Family Trust, which holds a majority stake of 52.24%, alongside other prominent entities like Gamnat Pte. Ltd. and various mutual funds from Mirae Asset and Motilal Oswal.