Prestige Group, a real estate development company has acquired an anticipated 17.45 Acres of land in Whitefield, Bengaluru. The estimated cost of acquisition is 462 INR-Crore.
The company plans to develop a residential project on the acquired land. The project will span an anticipated 2.68 Million-SqFt of development area. This strategic acquisition reinforces the company’s commitment to shaping transformative spaces. It also aligns seamlessly with their existing developments, ensuring long-term value for both communities and stakeholders, said Irfan Razack, Chairman and Managing Director of the Prestige Group.
Also Read: Upcoming Luxury Residential Project – Wave by Raghava, Hyderabad, Telangana
With operations spread across 13 major locations in India, the company boasts a diversified portfolio. It actively operates in residential, office, retail, hospitality, property management, and warehouse segments.
This new venture in Whitefield marks another step in the journey of Prestige Group toward innovation and excellence in real estate development.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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