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.
Business Areas 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.
Major Real Estate Projects of Prestige Group:
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, Prestige South Ridge 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.