Prestige Estates Projects Limited is set to significantly bolster its retail portfolio with the development of a major new mall on Hennur Main Road in North Bengaluru. The project, which is expected to be officially announced in FY27, underscores the developer’s aggressive expansion strategy within the city’s rapidly growing northern corridor.
The new retail destination is planned to span approximately 1.07 million square feet, positioning it as a large-scale commercial hub for the region. The development will likely operate under the company’s signature “Forum” brand, which has seen consistent growth and high occupancy rates across its existing national portfolio.
Strategic Impact and Portfolio Growth:
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Capacity Expansion: The Hennur project adds to a massive retail pipeline. As of Q3 FY26, Prestige manages 1.87 million sq. ft. of operational retail space, with an additional 12.33 million sq. ft. currently under development or in the planning stages.
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Annuity Income Focus: This expansion is part of a broader goal to scale the retail segment’s annuity income. The company is targeting an exit rental income of approximately ₹11,758 million from its retail assets by FY30.
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North Bengaluru Demand: By targeting Hennur Main Road, Prestige is tapping into a high-growth residential belt that has seen a surge in premium housing but currently lacks large-scale organized retail infrastructure.
While the project is currently in the planning phase, it aligns with the group’s recent successes in the retail segment, including the high-performing Forum Falcon City Mall and the newly launched Forum @ The Prestige City in Hyderabad.
Also read, Prestige Estates Reports Eight-Fold Jump in Q3 Net Profit to ₹245 Crore
