Bengaluru: Real estate developer Prestige Group is set to expand its commercial real estate portfolio significantly, with plans to develop over 15 million square feet of office space by FY2029. The upcoming projects are spread across key metros including Mumbai, Delhi-NCR, and Bengaluru, targeting high-demand commercial micro-markets.
According to the company’s Q4 FY25 investor presentation, the expansion will include large-scale developments in Bandra-Kurla Complex (BKC) in Mumbai, Aerocity in Delhi, and multiple tech parks in Bengaluru.
Key Projects Across Metros
- In Mumbai, Prestige is developing:
- The Prestige, Mumbai (4.28 million sq ft)
- Prestige 101 – Towers X & Y (4.77 million sq ft combined)
- In Delhi-NCR, the company is working on:
- Trade Center DIAL at Aerocity (0.80 million sq ft)
- In Bengaluru, the upcoming projects include:
- Prestige Tech Forest
- Prestige Lake Shore Drive
- Prestige Tech Hub
- Prestige Tech Habitat
These office spaces are designed to meet the growing requirements of IT/ITeS companies, financial services firms, and multinational corporations.
₹1.41 Lakh Crore Capex Planned
The group has committed a total capital expenditure of ₹1,41,304 crore for its ongoing and planned commercial developments. This includes both construction costs and land investments, reinforcing Prestige’s focus on long-term asset creation and leasing income.
Commercial Push Complements Record Residential Sales
The commercial expansion follows Prestige Group’s record performance in the residential segment, where it reported ₹2.10 lakh crore in sales for FY25. The group is now aiming to strengthen its annuity income through high-quality office spaces in India’s prime business districts.
Prestige’s strategic focus on premium locations and institutional-grade commercial assets is expected to enhance its presence in India’s Grade A office market over the next four years.