Prestige Estates expands Noida housing portfolio in ₹524 crore deal
after close1 source ↓machine-written, see hownot a recommendation
- PRESTIGE close
- ₹1,629
- On the day
- -0.85%
- Futures OI, long unwinding
- -1.1%
- Put-call ratio
- 0.88
- Max pain
- ₹1,520
Prestige Estates Projects signed an agreement on 06 Nov 2026 to acquire 100% of Allure Developers for ₹523.76 crore. The transaction gives the Bengaluru-based developer control of a residential project under development in Noida’s Sector 150 and makes Allure Developers a wholly owned subsidiary. The consideration will be paid in tranches, according to the regulatory filing. 🏗️
The acquisition expands Prestige Estates’ residential portfolio in the Delhi-NCR market, adding to its strategy of building development capacity through targeted acquisitions. The deal also follows the company’s recent investments across real estate segments, reinforcing its focus on adding projects in key property markets. The transaction is material for the company’s project pipeline, although the excerpt does not disclose the project’s area, expected revenue or completion timeline.
OI Charts data showed Prestige Estates closing at ₹1,629 on 06 Nov 2026, down 0.85% on the day, with volume of 519,912 shares. The stock had gained 12% over five sessions and 11% over 20 sessions, while remaining within its 52-week range of ₹1,090 to ₹1,781. The day’s move came alongside long unwinding in futures: open interest fell 1.1% to 5,273,100 shares, while futures traded at a 0.36% premium to the underlying.
Options positioning for the 23 Nov 2026 expiry placed the largest call open interest at ₹1,600 and the largest put open interest at ₹1,500. The put-call ratio stood at 0.88, with max pain at ₹1,520. These levels identify the main positioning zones for traders as the market assesses the acquisition and its effect on the company’s residential pipeline. 🏠
Investors will watch the regulatory disclosures for details on the Noida project, including its development scale, approval status, launch schedule and expected financial contribution. The next updates on tranche payments and project execution will determine how the acquisition translates into reported business growth.
Source: BW Businessworld, 06 Nov 2026
Not investment advice. For informational purposes only.