Prestige Estates Projects Limited: What Happened in 2025?
Prestige Estates Projects Limited, one of South India's top real estate companies, recently shared an important update. On February 25, 2025, officials from the Income Tax Department visited the company's main office and other locations to conduct a search.
The Income Tax Department carried out a search at Prestige's offices on February 25, 2025. That same day, Prestige told the stock exchanges about the event. Later, on March 3, 2025, the company confirmed that the search was over.
No, the company is running smoothly.
After talking to Prestige's leadership, ICRA (a top credit rating agency) said:
- There is no impact on daily operations.
- Bank funding and loans continue as normal.
- The company is financially strong, with no change in its credit ratings.
ICRA will keep watching the situation but has not found any risk for now.
Here's how ICRA has rated Prestige's financial instruments:
| Instrument | Amount (₹ crore) | Rating |
|---|---|---|
| Long-term Loans | 1,451.40 | A+ (Stable) |
| Non-fund-based Limits | 496.20 | A+ (Stable) |
| Fund-based Limits | 20.00 | A+ (Stable) |
| Unallocated Limits | 151.51 | A+ (Stable) |
| Non-Convertible Debentures | 500.00 | A+ (Stable) |
| Commercial Paper | 530.00 | A1 |
These ratings show that Prestige is a reliable and stable company with strong financial backing.
About Prestige Estates Projects Limited
Prestige works in all major segments—homes, offices, malls, hotels, and more. It also offers property management and leasing services.
If you are:
- A homebuyer — your investment is safe
- An investor — the company's ratings remain strong
- A partner or employee — business is running as usual
This update shows that Prestige is transparent and well-managed, even when facing unexpected events.
There is no change in how Prestige operates. The income tax search is over, and the company is still strong and stable. Investors and customers can stay confident in the brand.
ICRA will continue to monitor the case, but for now, everything is under control.
Prestige Group Prelaunch Project is Prestige Evergreen
