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HomeNewsBusinessReal EstatePrestige Group to add 10 million sq ft of office space in Bengaluru in 2 years
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Prestige Group to add 10 million sq ft of office space in Bengaluru in 2 years

The company also said it is also looking to close deals for two 50-60 mw data centres in Bengaluru this year.

January 24, 2024 / 13:14 IST
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Juggy Marwaha, CEO of Prestige Office Ventures.

Bengaluru-based listed real estate developer Prestige Group plans to develop 28 million sq ft (msf) of office space in Bengaluru within the next five years. In total, across India, the Group plans to develop 40 msf, garnering annual revenues to the tune of Rs 3,000 crore, Juggy Marwaha, CEO of Prestige Office Ventures, told Moneycontrol.

Currently, under-construction inventories in Bengaluru are at about 15 msf and the company is looking to add about 10 msf in two financial years.

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“In the 40 msf pipeline, about 7 msf will be in Mumbai, 1 msf in Pune, 0.5 msf in Delhi, and 2 msf in Hyderabad and Chennai each,” Marwaha added.

In terms of location, Prestige Group said the company is looking at north Bengaluru, Outer Ring Road, east Bengaluru and the central business district (CBD).