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The Bangalore-based real estate developers 'Prestige Group' took root way
back in 1956, in the avatar of a retail store named as 'Prestige Fashions',
which bartered in custom tailoring and retailing ready-to-wear garments. It was
in 1985-86, when the company forayed into real estate development, with the
construction of Prestige Court in KH Road, Bangalore. Over the years, the
Prestige Group has played a major role in changing the skyline of Bangalore. The
company is fast emerging as one of the leading developers of South India and
aims to spread its wings across the country. Besides being an ISO 9001:2000
certified company, the Prestige Group has also received the Crisil DA1 rating
for its commitment to excellence. Explore the article to get information on the
profile of Prestige Group.
Business Areas
Prestige Group is aimed at marking its presence in the real estate business in
Bangalore. The company boasts of being a giant among the builders in Bangalore.
The company has developments spread over 20 million square feet, which have been
completed successfully. About 13 million square feet of land, acquired by the
company, is under construction. Luxurious apartments and commercial complexes
(including corporate structures and shopping malls) are soon to be raised on the
land under construction. In the present time, numerous flats, apartments and
residential enclaves, build by Prestige Group, are located in Bangalore.
Major Projects
So far, Prestige Group has completed over 120 projects, encompassing more than
10 million sq. ft. of commercial and residential area. In the residential
segment, the company has undertaken projects such as Prestige Kensington
Gardens, Prestige Wellington Park and Prestige Shantiniketan. The Group is also
developing United Breweries' real estate venture - UB City. Prestige Group has
also made a mark by developing high-quality commercial projects, such as
Prestige Nebula and Prestige Technology Park. In an effort to cash in on the
retail boom in the country, the Prestige Group has planned to develop over seven
malls in South India, with an investment of Rs. 2500 Crore. The Group's forum
mall in Bangalore, an entertainment-cum-retail complex includes 11 theatre
multiplexes with food, bowling and shopping facilities.
New Ventures
Prestige Group has proposed its new ventures in both residential and commercial
projects. The residential complexes under construction include Prestige
Wellington Park, Prestige South Ridge, Prestige Neptune's Courtyard, Prestige
Shantiniketan, Prestige Silver Dale, Prestige Kensington Gardens and Prestige
Oasis. Prestige Polygon, Prestige Exora, Prestige Shantiniketan and Prestige
Dynasty are the commercial complexes under construction, while the ready for
fit-out commercial complexes include Prestige Libra, Yadalam Heritage, Prestige
Pegasus, Prestige Nebula, Prestige Delta and Prestige Alpha. |