Stake/Capacity: 100% stake acquisition. Allure Developers is undertaking development of a residential project in Noida, NCR.
Deal Value: The Company will pay consideration in tranches of up to INR 5,237.6 million
Funding Source: Cash Consideration
Financial Impact: Allure Developers reported turnover of INR 1.23 million for FY 2025-26, INR 0.1 million for FY 2024-25, and INR 0.1 million for FY 2023-24. No specific financial impact on Prestige Estates is disclosed.
Timeline: The transaction will be consummated on or before 7 working days from November 6, 2026
Strategic Rationale: To develop a residential project at Sector 150 NOIDA, Uttar Pradesh
Approval Status: Transaction completed - Allure has become a wholly owned subsidiary of Prestige Estates Projects Limited
Additional Details:
Allure Developers Private Limited is a Private Limited Company incorporated in 2013
The company is in the business of real estate development
The transaction does not fall within related party transactions
The promoter/promoter group of Prestige Estates have no interest in this transaction
No governmental or regulatory approvals are required for this acquisition
Reference Regulation: SEBI Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
