For ₹450 crore, Prestige Group purchased 21 acres in Whitefield, Bengaluru. With plans for about 1,800 flats, the purchased site will be developed for residential use. It will total about four million square feet of developable space.
Prestige Group Chairman and Managing Director Irfan Razack said, “This large-format project spans over four million square feet of developable area, with a projected gross development value (GDV) of ₹4,500 crore.
The Prestige Group, one of India’s leading real estate developers, has acquired a 21-acre land parcel in Bengaluru for ₹450 crore in a strategic move to expand its residential and commercial footprint in the city. This acquisition reflects the growing demand for premium real estate in Bengaluru, particularly in well-connected and high-growth corridors.
Strategic Location and Development Plans
The newly acquired land is situated in a prime location within Bengaluru, offering excellent connectivity to key business districts, IT hubs, and infrastructure developments. While Prestige Group has not disclosed specific project details, industry experts anticipate the development of a high-end residential township, premium office spaces, or a mixed-use project that aligns with the company’s expansion strategy.
Given Prestige Group’s strong track record in luxury housing, commercial spaces, and retail developments, the upcoming project is expected to cater to high-net-worth individuals (HNWIs), IT professionals, and corporate clients looking for world-class amenities and sustainable infrastructure. Bengaluru continues to be one of India’s most sought-after real estate destinations due to.
Booming IT & Startup Ecosystem: The city houses major technology parks and multinational companies, driving demand for office and residential spaces.
- Infrastructure Development: Ongoing metro expansions, road improvements, and SEZs contribute to the appreciation of real estate values.
- Rising Housing Demand: With increasing urbanization and migration, Bengaluru remains a hotspot for luxury and affordable housing investments.
Prestige Group’s Expansion Strategy
The Prestige Group has been aggressively expanding its presence in Bengaluru and other metro cities. Over the past few years, the company has launched large-scale projects, including Prestige City, Prestige Lakeside Habitat, and Prestige Jindal City, catering to various segments of homebuyers and investors.
The ₹450 crore land acquisition aligns with Prestige’s vision to develop integrated townships, luxury residences, and commercial hubs, further strengthening its market leadership. The company has also been focusing on sustainable and eco-friendly construction, ensuring compliance with green building standards.
Market Impact and Future Prospects
The purchase of this land signals strong investor confidence in Bengaluru’s real estate market. With demand for premium housing and office spaces rising, Prestige Group’s upcoming project could set new benchmarks in urban development.
Real estate analysts predict that the project will attract both end-users and investors, given Prestige’s reputation for quality construction, timely delivery, and innovative design. The company’s strong brand value and Bengaluru’s steady property price appreciation make this acquisition a lucrative long-term investment.
Prestige Group’s ₹450 crore land acquisition in Bengaluru marks another milestone in its expansion journey. As the city continues to grow as a tech and business hub, the upcoming development on this 21-acre parcel is expected to offer a blend of luxury.
sustainability, and modern infrastructure. With Bengaluru’s real estate market showing resilience and upward momentum, Prestige Group’s latest investment reaffirms its commitment to shaping the city’s skyline.
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