Prestige Group acquires prime land in Whitefield for a residential project

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Prestige Group, a prominent real estate developer, has acquired approximately 21 acres of prime land in Whitefield, Bengaluru, for a residential development project. The project aims to encompass around 1800 apartments within a developable area spanning 4 million square feet. Valued at ?450 crores, this acquisition signifies Prestige Group’s strategic expansion in a key growth corridor, with a projected Gross Development Value (GDV) of ?4,500 crores. The company plans to commence the project within the next three quarters and complete it within a four-year timeframe.

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Note: The above-mentioned news was first published by us in our ProjectX India | 15th April 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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