Prestige Estates Projects Limited has announced the incorporation of two new wholly-owned subsidiaries: Southgrove Homes LLP and Parkgrove Realty LLP. Both entities were officially incorporated on September 9, 2026, and are established to carry on the business of real estate development. The company has contributed INR 1,00,000/- towards 100% of the partnership interest in each LLP.
Strategic Expansion in Real Estate
Prestige Estates Projects Limited has further strengthened its operational base with the incorporation of two new wholly-owned subsidiaries. The entities, named Southgrove Homes LLP and Parkgrove Realty LLP, were officially established on September 9, 2026. This strategic move is aimed at expanding the company’s footprint and capabilities within the real estate development sector.
Details of New Subsidiaries
Both Southgrove Homes LLP and Parkgrove Realty LLP have been set up to engage in the business of real estate development. The company has made a contribution of INR 1,00,000/- for each LLP, securing 100% of the partnership interest. These LLPs are yet to commence business operations, indicating a planned future growth phase for Prestige Estates Projects Limited.
The incorporation documents confirm that the Promoter/ Promoter Group/ Group Companies are not interested in these transactions, and they are being conducted at an arm’s length basis. No specific government or regulatory approvals were required for the incorporation of these entities.
Financial Contributions
For both Southgrove Homes LLP and Parkgrove Realty LLP, the total contribution by both partners is stated as INR 1,00,000/-. The contribution from Prestige Estates Projects Limited and its subsidiary amounts to the same figure, covering 100% of the partnership interest. The size and turnover for these newly formed LLPs are marked as Not Applicable, as they are in the pre-operational stage.
Source: BSE
