- 11/07/2024
- by GAGA
- GAGA Realty
Prestige Group acquires 17.45 acres of land in Whitefield, Bengaluru for Rs 462 crore
Prestige Group, a real estate development company, has acquired approximately 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore. The newly acquired land has the potential to develop over 2.68 million square feet for a residential project, according to the company.βWe are excited to expand our presence in Bengaluru with the acquisition of…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Prestige Group targeting Rs 10,000 cr annual revenue from NCR
Bengaluru-headquartered real estate developer Prestige Group is targeting Rs 10,000 crore in annual revenue from the National Capital Region from as early as next financial year as part of its aggressive expansion plans in the region, chairman and managing director Irfan Razack said. The company, which currently generates no revenue from the NCR, is expected…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Walmart to set up GCC in Bengaluru, signs lease deal with Prestige
Walmart Global Technology Services India has leased about 1 million sq ft of office space in Bengaluru from real east company Prestige Group to set up a global capability centre, according to sources, marking one of the largest lease deals in the country this year.The American retail giant will pay a rent of Rs 95…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Prestige Estates to use Rs 5k-cr QIP raise to pare debt, acquire assets, says CMD Irfan Razack
Bengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.βWe plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,β Irfan Razack, chairman and managing…
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