Prestige Group Expands Footprint with Prime Land Acquisition in Whitefield, Bengaluru

Prestige Group, a renowned name in India’s real estate sector, has marked another significant milestone with its latest acquisition of approximately 21 acres of prime land in Whitefield, Bengaluru. This strategic move underscores the company’s commitment to expanding its presence in key growth corridors and reaffirms its position as a leading developer in the industry.

The newly acquired land will serve as the canvas for Prestige Group’s upcoming residential development project, spanning approximately 4 million square feet of developable area. With plans for around 1800 apartments, this ambitious project is poised to redefine urban living in one of Bengaluru’s most sought-after locales. The acquisition, valued at ₹450 crores, reflects Prestige Group’s confidence in the potential of the Whitefield market.

Commenting on the acquisition, Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, expressed his optimism about the venture, stating, “The prime land in Whitefield, Bengaluru presents an excellent opportunity for us to expand our presence in a large IT corridor. This large-format project spans over 4 million square feet of developable area, with a projected Gross Development Value (GDV) of ₹4,500 crores.”

Mr. Venkat K Narayana, Group CEO of Prestige Group, further elaborated on the project’s timeline and objectives, saying, “The project will strengthen our sales in our home market, and we look forward to launching the project within the next three quarters and completing the development in a 4-year timeframe.”

Prestige Group’s commitment to excellence extends beyond mere acquisitions and development plans. The company remains dedicated to upholding the highest standards of design, execution, and customer service in every project it undertakes. With a focus on innovation, integrity, and trust, Prestige Group strives to create spaces that resonate with the aspirations and lifestyle preferences of modern homebuyers.

Established almost four decades ago, Prestige Group has built a legacy of excellence in real estate development. With a diversified business model encompassing residential, office, retail, hospitality, property management, and warehouses, the Group operates across more than 12 major locations in India. Having completed 300 projects spanning a developable area of 188 million square feet, Prestige Group continues to set benchmarks for quality and reliability in the industry.

As Prestige Group embarks on this exciting new venture in Whitefield, Bengaluru, it remains committed to delivering exceptional value to its customers while shaping the urban landscape with iconic developments that stand the test of time.

*Image used in this post is for illustration only and sourced from Prestige Group website

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