Why you should accumulate the stock of Prestige Estates
Successful conclusion of deal with Blackstone will be a catalyst
The stock of Prestige Estates Projects, a Bengaluru-based realty player, has been inching up slowly since its March lows last year, thanks to favourable residential market, stable property prices and low interest rates.
The goodies doled out by the Centre for home buyers in the past year since the outbreak of Covid-19 too could benefit realty players, including Prestige. This along with the announcement in the Budget for home buyers in terms of extension of interest deductions on home loans and the Centre’s focus on affordable housing are also positives for the company.