Renowned realty developer, Prestige Group, on Thursday, April 4, announced it has acquired an anticipated 21 Acres of land in Bengaluru’s Whitefield for an estimated INR 450 Crore. The developer plans to construct a residential project on the land.
The upcoming residential project will comprise nearly 1,800 apartments over an approximate development area of 4 MN-SqFt. Further, the developer eyes an estimated revenue potential of INR 4,500 Crore over the next four years with this project.
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Prestige Group, known for its diversified business model across various segments, such as residential, office, retail, hospitality, property management, and warehouses, has completed 300 projects spanning nearly 188 Mn-SqFt. This significant land acquisition further strengthens the company’s position in the real estate market and is poised to make a substantial impact in the bustling city of Bengaluru.
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