Prestige Group buys 100% stake in Allure Developers for Rs 524 crore to develop housing project in Noida
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prestige Estates Projects Ltd bought a 100 per cent stake in Allure Developers for Rs 524 crore on November 6.
- ✓This deal helps the firm expand in Delhi-NCR.
- ✓Allure is currently building a residential project in Noida Sector 150.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
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.
New Delhi: Realty firm Prestige Estates Projects Ltd has acquired a 100 per cent stake in Allure Developers for Rs 524 crore as part of its expansion plan in Delhi-NCR.
In a regulatory filing, Prestige Estates said it has entered into a share purchase agreement on November 6, 2026, to acquire a 100 per cent stake in Allure Developers Pvt Ltd.
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The Economic Times
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