Prestige Group Drops ₹2,700 Crore IPO Plan for Its Hotel Business
Prestige Group has dropped its plan to list its hotel business on the stock market. Prestige Estates Projects withdrew the ₹2,700 crore IPO of its subsidiary, Prestige Hospitality Ventures, on 25 September 2026. The company pointed to uncertain market conditions and strategic considerations.
What was planned
Prestige Hospitality Ventures holds the group's hotel business. It filed its draft red herring prospectus with SEBI in April 2025, the first step towards a public listing. That filing has now been withdrawn, which ends the current IPO process.
What happens next
The door to a listing is not closed. The company has said the hotel arm may file a fresh draft prospectus if market conditions improve, the required approvals are in place and other factors support it. No new timeline has been given.
The hotel business also has another source of funding. Canada's pension investor CPP Investments agreed earlier to invest up to ₹3,000 crore in Prestige Hospitality Ventures, in several tranches. Prestige has not linked the IPO withdrawal to that agreement.
What it means for homebuyers
The IPO was for the hotel business, which is run through a separate company. Prestige's housing projects are registered project by project under RERA, with their own approvals and project accounts. A change in plans for the hotel arm does not change those registrations or the handover dates declared for them.
If you are weighing a Prestige Group project, the checks stay the same. Look up the RERA registration and the declared completion date, and compare them with the handover date you are quoted. You can browse every Prestige project we list, including new launches such as Prestige Parklane in Devanahalli.
