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Prestige Estate Project ltd Share Value Drop by 2.19% 2021 is the year we have been looking forward to bringing what we learned in 2020, to practice. The year 2020 was full of self-reflection, making positive, permanent changes to life, forming habits that are good for our mental health as nature healed itself from all the toxins it has been put through for years. Government took notice of the RERA deadlines and gave an extension by 06 months. The Karnataka government reduced stamp duty for new housing projects from 05% to 03% on properties valued under 35 lacs. Properties valued under 20 lacs were reduced to 02% stamp duty fee. It urged banks and financial institutions to provide moratoriums on existing customers’ loans. This will motivate new buyers and restore their faiths in the loan providers. Real estate went physical to digital during the course of the lockdown. Digital meetups and video tours were introduced keeping the social distancing guidelines in mind, cutting down travell...

 About Prestige Group Prestige Group, one among the leading land developers within the country, features a legacy of over three decades in land development. it's diversified business models across the Residential, Office, Retail, and Hospitality segments with operations in 12 key locations in India. As of 31 March 2020, the Group has completed 247 projects with developable area of 134 mn sft and has 45 ongoing projects across segments, with total developable area of 52 mn sft. Further it's 57 mn sft under planning and holds a land bank with potential developable area of over 27 mn sft. the corporate has been graded CRISIL DA1 by CRISIL and also enjoys credit rating of ICRA A+. The consolidated turnover of the corporate for the year ended March 31, 2020 is INR 82433 Mn. August 2020 marks a key milestone, with the virtual launch of three Prestige properties – Prestige Ocean Crest (the company’s very first property in Goa), Prestige Primrose Hills (Bengaluru), and Prestige Waterfo...