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The 'strategic investment' is expected to generate around 8,700 direct jobs and thousands of indirect opportunities, the developer and the state government have said. The three projects are expected to commence in 2026.
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The Prestige City-Indirapuram, a mix of residential and commercial development, will be executed in two phases.
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Investors see real estate and hospitality sectors as a safer bet amid the market turmoil, leading several companies to explore IPOs
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The seller has been identified as BU Bhandari M&M Realtors LLP. The buyers paid a stamp duty of around Rs 14 crore for the transaction
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The company has pre-launched a 2-acre project — Prestige Ocean Towers, which has just 169 residences across two towers.
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This large-format project spans over 4 million sq ft of developable area, with a projected Gross Development Value (GDV) of Rs 4,500 crore
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DLF, a prominent player in the real estate sector, emerged as the top donor with a contribution of Rs 180 crore, including donations from subsidiaries
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Prestige Group achieved an average realization of Rs 10,369 per square foot, up by 29 per cent yoy for apartments/Villas.
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The company said that in the first half of 2023, it registered sales of Rs 11,007.3 crore, up by 69 percent YoY.
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With an estimated value of Rs 9,000 crore, the Company sold 4.4 million square feet of retail space in seven shopping malls in 2021. In four years, the Prestige Group plans to expand its retail portfolio from 2 million square feet across four malls to 9 million square feet across 12 malls.
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The Bengaluru-based Prestige Group, which is entering the financial capital, has drawn plans of investing at least Rs 7,500 crore over the next four-five years to get a foothold in the foremost realty markets in the country, a top official has said.
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The company said it has clocked its highest-ever collections of Rs 7,466.4 crore during the last financial year, up 47 percent from the previous year
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The collaboration is expected to create about 10,000 seats in 12 strategically located centres across Bengaluru, Chennai, Hyderabad and Pune, which is the new addition
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The two hotels are set to open in 2025, and will collectively add 779 rooms to the Marriott International portfolio.
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Prestige group collected record Rs 5,075.2 crore from customers against sales bookings, up 9 percent from 2019-20 financial year.
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The collaboration is expected to create 4,000 seats in six strategically located centres across Bengaluru, Chennai and Hyderabad
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Blackstone's acquisition will reportedly include Prestige Group's nine operational malls.
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Jerome Anthony gets an exclusive interview with Rajeev Menon, President - Asia Pacific, Marriott International.
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"The company has entered into a binding agreement for acquisition of 80 per cent stake held by investors and its affiliates in Sterling Urban Infraprojects Pvt Ltd," Prestige Estates Projects Ltd said in a BSE filing.
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Realty firm Prestige group has said it will acquire CapitaLand's stake in seven entities engaged in retail real estate for Rs 342 crore.
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Sobha Ltd has been ranked number one in Track2Realty‘s Best Practices Report-2017, followed by Godrej Properties and the Prestige Group. This is the first of its kind in-depth report on best practices prevalent in R
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Ms. Uzma Irfan – Director, Prestige Group, reputed as one of the foremost and most ...
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It's raining new launches in Bangalore's residential realty market. Top developers have started construction for their new launches and are confident of meeting targets of around 10 million square feet each in FY12.
