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


    Share post:

    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


    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Housing Prices Surge 10% in Q1 2024: Bengaluru Leads with 19% Increase

    A recent report by CREDAI and Liases Foras reveals that average housing prices in India rose by 10%...

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi RERA 

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi...

    Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a...

    The aspiring generation driving growth of the student housing segment

    Over the past decade, India’s education system has transformed immensely. This is further accentuated by the country’s technological...