# Prestige Group Acquires Allure Developers Stake

> Prestige Group buys Allure Developers for Rs 524 crore to build Noida housing project.
- Title: Prestige Group Acquires Allure Developers Stake | Shortify
- Summary: Prestige Group buys Allure Developers for Rs 524 crore to build Noida housing project.
- Keywords: prestige group, allure developers, noida sector 150, real estate investment, housing project, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/services/property-/-cstruction/prestige-group-buys-100-stake-in-allure-developers-for-rs-524-crore-to-develop-housing-project-in-noida/articleshow/135630853.cms
- Author: PTI
- Published: 2026-11-07T08:06:00+00:00
- Read time: 1 min
- Topics: prestige group, allure developers, noida sector 150, real estate investment, housing project
## Prestige Group Acquires Allure Developers
Prestige Estates Projects Ltd purchased 100% stake in Allure Developers for Rs 524 crore as part of expansion in Delhi-NCR.
## Allure Develops Noida Housing Project
Allure will build residential project in Noida Sector 150 with payment in tranches up to Rs 5,23.76 crore.
## Prestige Group's Recent Acquisitions
Prestige Group recently bought Gloind Vintage Infra for Rs 519 crore through subsidiary Prestige Retail Ventures.
## Profit Decline in Q3
Prestige Group reported 44% drop in quarterly net profit to Rs 256.2 crore from Rs 457.4 crore in previous year.
## Key takeaway

Prestige Estates Projects Ltd acquired 100% stake in Allure Developers for Rs 524 crore to develop housing in Noida Sector 150.