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.
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.
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.
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.
Note: Last updated on July 10,2009.