Bengaluru real estate: Prestige Group Spread across 9 acres of land in East Bengaluru’s Whitefield locality, the project will comprise a total of 316 residences in four towers
Real estate major Prestige Group has launched. A residential project in East Bengaluru’s Whitefield area with a sales potential of ₹1,100 crore, the company said in a statement.
The project – Prestige Pine Forest – will comprise a total of 316 units spread across four towers on a 9 acre stretch of land the statement said. It will offer home units of 3 and 4 BHK configurations ranging between 2,442 – 3,556 square feet in size.
We are delighted to unveil Prestige Group’s latest architectural marvel that exemplifies our commitment to luxury, comfort, and convenience. This project redefines the benchmark for quality and craftsmanship and is a testament to our relentless commitment to delivering experiences,” said Praveer Shrivastava.Senior Executive VP- Residential, Prestige Group.
During the period from April to June, the corporation initiated two residential ventures in Bengaluru. Encompassing an aggregate developable area of 1.86 million square feet, with an overall gross development valuation approximating ₹1,400 crore.
Business performance
Prestige Estates reported a consolidated net profit of ₹307 crore in the first quarter of FY25, down 3.4% from the same period last year. The revenue generated from the operational activities of the real estate firm reached ₹1,862.1 crore in the specified three-month interval. Juxtaposed against the ₹1,680.9 crore recorded in the equivalent quarter of the preceding fiscal year.
Company CMD Irfan Razack announced a robust sales performance across key regions like Bengaluru (43%), Hyderabad (32%), and Mumbai (23%).
Buyers transacted 1,364 units in the initial quarter of Fiscal Year 2025
Buyers transacted 1,364 units in the initial quarter of Fiscal Year 2025. Documenting an aggregate sales volume of 2.86 million square feet. Indicating a reduction from 3.83 million square feet in the initial quarter of Fiscal Year 2024. As revealed by the organization in its regulatory filing.
Prestige Estates is present across 13 cities with a footprint of 190 million square feet. It undertakes residential, office, retail, hospitality and warehouse projects
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