Prestige Office Ventures, the commercial arm of Prestige Group, has announced ambitious expansion plans with a projected capital expenditure of ₹12,000 crore over the coming years. The company aims to scale its office portfolio to 30 million sq ft by April 2028 and target annual rental income of ₹3,200 crore by the end of December 2028.
As per statements from Juggy Marwaha, CEO of Prestige Office Ventures, the group already has 17 million sq ft under construction, with 7.5 million sq ft in Mumbai and the remaining in Bengaluru, Hyderabad, and Chennai. By FY27, the firm plans to have 17–18 million sq ft of new office space operational, building on its existing completed portfolio of around 12 million sq ft.
In recent years, rentals for premium office spaces in Bengaluru, particularly along the Outer Ring Road, have reportedly climbed above ₹100 per sq ft, driven by rising demand from global capability centres (GCCs) and technology firms. Marwaha anticipates that office rentals in Bengaluru could see a 15–20% increase annually in the near term.
Prestige is also diversifying into data centre infrastructure. The company has built a 100 MW data centre in Bengaluru in partnership with NTT and is planning additional data centre developments near Pune, targeting hyperscaler clientele.
The firm’s aggressive expansion in office and infrastructure assets is aimed at reinforcing its position in India’s commercial real estate sector. The planned growth not only adds scale to Prestige’s leasing portfolio but also aligns with a larger trend of developers focusing on annuity income streams through long-term lease assets.
As the projects progress, market watchers will keep a close eye on occupancy traction, rental escalations, and the speed of execution across metros.
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