In a bold move to enhance its market presence, Bengaluru-based Prestige Estates has announced an extensive expansion plan involving 43 new real estate projects across seven major Indian cities. The company, renowned for its diversified portfolio, is set to develop a staggering 92 million square feet across residential, commercial, and retail segments. According to the details disclosed in its latest investor presentation, Prestige Estates will extend its footprint to Hyderabad, Delhi-NCR, Goa, Bengaluru, Mumbai, Chennai, and Kochi. This strategic expansion reflects the company’s commitment to capitalising on emerging opportunities in key urban centres across the country.
In addition to its vast array of residential and commercial ventures, Prestige Estates is poised to introduce 10 new hospitality projects. These will collectively offer 2,034 keys, further diversifying the company’s portfolio and reinforcing its position in the hospitality sector. Currently, Prestige Estates is engaged in 52 ongoing projects, which cover a total developable area of 90 million square feet. The company’s hospitality division is also operational with three hotels comprising 955 keys. This substantial ongoing and planned development underscores Prestige Estates’ robust growth trajectory and its significant contribution to the real estate landscape.
The investor presentation also highlights the company’s substantial land holdings, with a land bank spanning 260 acres across Bengaluru, Mangaluru, Mysuru, and Pune. This extensive land reserve positions Prestige Estates well for future developments and market expansions. Overall, Prestige Estates’ ambitious plans signal a strong push towards scaling up its operations and enhancing its market footprint across India’s real estate and hospitality sectors. The company’s strategic approach to expanding into diverse segments and locations underscores its vision of sustaining growth and meeting evolving market demands.
