Prestige Estates Projects saw a 1.57% increase in share price, reaching ₹1338.90, following its announcement of a joint venture with ABIL Group for a premium residential project in Versova, Mumbai. This development, undertaken through Aaramnagar Realty LLP, will cover approximately 6 acres and has a total development potential of about 1.7 million square feet. The estimated gross development value exceeds ₹9,000 crore. This initiative aligns with Prestige's strategy to expand in high-demand, supply-constrained urban markets, particularly in Mumbai's western suburbs, which are known for strong social infrastructure and connectivity. The company aims to strengthen its presence in established residential clusters. As of December 2025, Prestige Group has successfully delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet. In Q3 FY26, the company's consolidated net profit surged over twelve-fold to ₹222.6 crore, up from ₹17.7 crore in Q3 FY25, with revenue from operations soaring 134.06% year-on-year to ₹3872.6 crore.