Prestige Group Acquires 17.45 Acres in Bengaluru for New Residential Project

Prestige Group, one of India’s leading real estate developers, has announced the acquisition of 17.45 acres of prime land in Bengaluru. This strategic move will enable the company to develop a new residential project in the city’s rapidly growing Whitefield area.

The acquired land parcel, valued at approximately Rs 462 crore, will be developed into a high-quality residential project spanning 2.68 million square feet. The project is expected to offer modern amenities, luxurious living spaces, and a serene environment. This acquisition further solidifies Prestige Group’s position as a major player in the Bengaluru real estate market. The company has a strong track record of delivering innovative and sustainable projects that cater to the evolving needs of its customers.

Prestige Group’s recent financial performance has been impressive. In the second quarter of the 2024-25 fiscal year, the company reported strong sales and collections. The company launched three new residential projects during the quarter, demonstrating its commitment to expanding its portfolio and catering to diverse customer segments. With a diversified portfolio spanning residential, commercial, retail, hospitality, and property management segments, Prestige Group is well-positioned to capitalize on the growth opportunities in the Indian real estate market. The company’s focus on quality, innovation, and customer satisfaction has enabled it to establish a strong brand reputation and a loyal customer base.