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Bengaluru: Prestige group buys 21 acres of land in Whitefield for about Rs 450 crore | Bengaluru News

Prestige Group acquires 21 acres in Whitefield, Bengaluru for ₹450 crore. Plans 4M sq ft residential space, 1,800 apartments with ₹4,500 crore value.

Venkatk narayanaPrestige groupBengaluru newsEngaluru latest newsEngaluru news liveEngaluru news todayOday news bengaluruRs 450 croreLarge residential projectsKit corridorIrfan razack4 million square feet21 acres800 apartments

Prestige Estates shares rise over 3% on acquisition of a 21-acre land parcel in Bengaluru

As per Trendlyne data, the average target price of the stock is Rs 1,244, which shows a downside of 4% from the current market prices. The consensus recommendation from 16 analysts for the stock is a Buy .

Venkatk narayanaIrfan razackGross development valuePrestige groupPrestige estates projectsManaging directorPrestige estatesPrestige estates share priceTarget price

Share Market Highlights 5th April 2024: Sensex, Nifty trade flat; bank stocks shine

Share Market Highlights 5th April 2024: Sensex, Nifty trade flat; bank stocks shine
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hypermarkets: 2024: A space odyssey; hypermarts cut shelf space as Q-comm occupies mindspace

Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group s Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.

Uttar pradeshUnited statesDeerika hypermartAbhishek bansalMuhammad aliLulu groupBoston consulting groupPrestige groupLandmark group spar indiaSpar indiaReliance smart bazaarHarshv bansalPacific mallsQuick commerce appsSales declineSmall operators

2024: A Space Odyssey

Hypermarkets at malls have started giving up space with some of them even shutting stores as sales have declined due to the penetration of quick commerce apps such as BlinkIt and Zepto, three mall operators said.

Uttar pradeshUnited statesDeerika hypermartAbhishek bansalMuhammad aliLulu groupBoston consulting groupPrestige groupLandmark group spar indiaSpar indiaReliance smart bazaarHarshv bansalPacific malls

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