Prestige Group Launches Largest Residential Township in Bengaluru, Aiming for Rs 6,000 Crore in Revenue

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    Bengaluru-based real estate developer Prestige Group has introduced its largest single-phase residential township in the city, with a projected revenue of Rs 6,000 crore. The project, named Prestige Park Grove, spans 71 acres and includes 3,627 apartments distributed across 19 high-rise towers. Situated near Whitefield’s eastern IT corridor and the Kadugodi metro station, the development also features an enclave of 88 independent villas.

    “We are optimistic about achieving the projected revenue milestone within the current fiscal year. The success of Prestige Park Grove reaffirms our confidence in the demand dynamics of the Whitefield region. We anticipate a series of launches in the coming quarters,” said Praveer Srivastava, Senior Vice President of Residential Sales at Prestige Group, in an interview with Money Control.

    Pricing Details

    Prestige Park Grove offers a variety of pricing options: 3BHK apartments spanning 1,400 square feet will start at Rs 1.5 crore; 4BHK units covering 2,369 sq ft will be priced from Rs 2.1 crore. Luxurious 4BHK villas will range from Rs 5.7 crore to Rs 10 crore. Additionally, the project includes 1BHK units with a carpet area of 858 sq ft. Current rental values for 3BHK properties in Whitefield range between Rs 40,000 and Rs 60,000, with 1BHK accommodations surpassing Rs 20,000, according to local brokers.

    Strategic Collaboration and Future Prospects

    Prestige Group recently partnered with PropVR, the 3D visualization arm of Square Yards, to introduce immersive 3D modeling for their upcoming luxury projects within the Metaverse. This collaboration, initiated on August 10, showcases Prestige Group’s commitment to embracing technological advancements and innovative pathways in the real estate industry.

    Also Read: Prestige Group Ventures into the Metaverse in Collaboration with PropVR

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