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Prestige Estates Pro History
BSE:533274 | NSE:PRESTIGEEQ | IND:Real Estate | ISIN code:INE811K01011 | SECT:Real Estate
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The Company History page lists out the major events in chronological order for Prestige Estates Projects Ltd.
| Company History - Prestige Estates Projects Ltd. | ||
| Our Company commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties with its registered office at No. 6, Commercial Street, Bangalore 560 001. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. The partnership firm was reconstituted on March 31, 1997 between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan. The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part IX of the Companies Act on June 4, 1997 with the name Prestige Estates Projects Private Limited and was allotted company identification number 08/22322/1997. All of the business and property of the erstwhile partnership firm therefore became vested in our Company. Our Company was converted into a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status on November 10, 2009 from the RoC. Changes in Registered Office The registered office of our Company was shifted from No. 303, 'Copper Arch‘, No. 83, Infantry Road, Bangalore 560 001 to The Falcon House, No.1, Main Guard Cross Road, Bangalore 560 001, with effect from January 2, 2005 pursuant to a resolution of the Board dated January 1, 2005. The change in registered office was effected for operational convenience. Key Events, Milestones and Achievements 1986 Our Company commenced operations as the partnership firm Prestige Estates and Properties 1988 Completed Copper Arch on Infantry Road, our first project Prestige Opal and Prestige Four Seasons rated by FIABCI among the 30 best developments in the world Prestige Meridian awarded the Best Building of the Year by the Accomodation Times, Mumbai 1995 Inaugurated Whistling Palms, our first plotted development project 1997 Inaugurated Prestige Elgin, our 50th project The firm Prestige Estates Projects was registered as Prestige Estates Projects Private Limited‘, a private limited company under Part IX of the Companies Act The name of the partnership firm was changed to Prestige Estates Projects Year 1998 Foray into property management services Year 2001 Commenced operation of Angsana, our first hospitality project Received ISO 9001:2000 Certification Inaugurated Prestige Acropolis 2002 Prestige Acropolis awarded in the Residential Category at the International Real Estate Federation (FIABCI) Awards 2003 Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title) Year 2004 Inaugurated Forum Mall, our first retail project We were highly commended in the software facility category by FIABCI 2005 Euro Money Award for excellence in real estate 2006 Inaugurated Prestige Ozone a villa development Launched Prestige Shantinikethan, an integrated township Launched Cessna Business Park, an SEZ 2007 Entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and township Expanded our operation to Cochin, Chennai and Hyderabad Inaugurated UB City, our largest mixed use development Company has been recognised as a Member in Good Standing in the Fellowship of Good Green Governance‘, by Srishti UB City awarded the Best Developer award in the Mixed Use Category at the Cityscape Real Estate Awards The Forum rated as the Best Mall in the Country at the Real Estate Excellence Awards Prestige Acropolis was highly commended in the Residential Category Award by FIABCI Year 2008 Started operations of Oakwood Premier Prestige, serviced apartments at UB City Inaugurated the Collections, a luxury mall at UB City Entered into strategic alliance with CRIDF for developing malls across South India Launched Prestige Golfshire Entered into a relationship with UIOF Company was awarded the Best Developer (Retail Project) award at the Real Estate Excellence Awards Company was awarded the Overall Achievement Award at the Real Estate Excellence Awards UB City awarded the Outstanding Corporate Structure of Karnataka‘ award at the ICI-KBC Birla Super Endowment Award The Forum was Highly Commended under the category of Best Developer Retail (Built) at the Cityscape Asia Real Estate Awards The Forum awarded the Most Admired Shopping Centre Of The Year: Retailers‘ Choice‘ award by Images Shopping Centre Awards (ISCA) Prestige Elgin was awarded the Best Redevelopment award at the CNBC Asia Pacific Property Awards Prestige Exotica awarded the Best High-Rise Development award at the CNBC Asia Pacific Property Awards Prestige Acropolis awarded the Best Architecture (Multiple-Units) award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Property Marketing award at the CNBC Asia Pacific Property Awards Prestige Neptune‘s (courtyard) awarded the Best Marina Development award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Interior Design at the CNBC Asia Pacific Property Awards‘ Angsana Oasis Resort and Spa awarded the Best Destination Spa at the Pevonia Asia Spa Awards, 2008‘ Year 2009 Company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status from the RoC Inaugurated the Forum Value Mall UB City was awarded the Best Mixed Use Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Best Golf Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Highly Commended Best Mixed Used Development-Future award at the Cityscape Awards, Real Estate, Asia Prestige Elgin won an award in the Heritage (Restoration) Category at the Prix d Excellence Awards 2010 -Launched Prestige White Meadows -Prestige Estates to float IPO on Oct 12 Company was awarded certificate of merit for being one of India‘s Top 10 Builders at the Construction World Architect & Builder Awards 2010 Company was awarded the Commercial Master Builder Award by Construction Source India The Popular Choice Developer of the Year – Residential award at the Realty Excellence Awards in favour of Prestige Developers UB City was awarded the Architecture Award (Retail) by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. UB City was Highly Commended for Architecture Award (Mixed Use) India category, the Architecture Award (Leisure & Hospitality) India category and the Architecture Award (Office) India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Prestige Oasis was Highly Commended in the Best Development Marketing India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Oakwood Premier Serviced Residences was Highly Commended for Best Hotel Construction & Design India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television The Forum Value Mall, Whitefield was Highly Commended for the Best Retail Development India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. 2011 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares of the Company for the financial year ending March 31, 2011. 2012 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares. 2013 -Board recommended a Dividend of Rs. 1.20/- per equity share. -Prestige Estates Projects Ltd won a Indian Realty Awards for the year 2013 2014 -Prestige group ties up with Disney to build Disney-themed homes - Board recommended a Dividend of Rs. 15% on equity shares 2015 -PVR Cinemas to Add 67 Screens -Prestige Acquires Red Fort Pie in Bengaluru's Exora Biz Park -Realty Plus Excellence Awards -Construction Week India Awards -Asia Pacific International Property Awards -National Awards for Marketing Excellence 2016 -Prestige Estate gains as CLSA adds stock to model portfolio. 2017 - Realty Plus Excellence Awards - BMA Award - ICI (BC) - Birla Super Award - WCRC Award - CREDAI Awards for Real Estate (CARE) - Asia Pacific Property Awards | ||
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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