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Prestige Group Buys 102 Acres For Rs 200 Billion Housing Projects

2025-08-11

Prestige Group has acquired 102 acres of land during the April–June quarter of FY26, aiming to develop housing projects with a potential sales value of Rs 200 billion. The Bengaluru-based real estate major purchased plots in Bengaluru, Hyderabad, and Chennai to expand its residential portfolio.

Chairman and Managing Director Irfan Razack said the acquisitions align with the company’s strategy to strengthen its presence in high-demand urban markets. Prestige Group plans to launch several large-scale residential projects over the next few years, catering to mid-income and premium homebuyers.

In addition to housing, the company is advancing commercial and retail developments. Prestige Group has an extensive pipeline of projects and remains focused on timely execution, quality delivery, and sustainable practices to enhance long-term value creation.