Prestige Estates Unveils Luxury Residential Project in Whitefield
Prestige Estates launches Prestige Pine Forest, a luxury residential project in Whitefield, Bangalore, offering 316 units across four towers.
Prestige EstatesLuxury Residential ProjectWhitefieldBangaloreReal EstateReal EstateSep 26, 2024
The project has a revenue potential of Rs 1,100 crore, making it a significant addition to the company's portfolio. This launch comes on the heels of another successful project in Whitefield, Prestige Raintree Park, which has a revenue potential of Rs 5,000 crore and features 1,520 residences across 18 towers, spread across 21 acres of land.
Prestige Group, the parent company of Prestige Estates, has a legacy of over three decades in real estate development. With a diversified business model spanning residential, office, retail, hospitality, property management, and warehouses, the group operates in over 13 major locations in India. The company has completed more than 300 projects, with a developable area of 190 million square feet.
In its recent quarterly results, Prestige Estates reported a 12.85% decline in consolidated net profit to Rs 232.6 crore in Q1 FY25, compared to Rs 266.9 crore in Q1 FY24. However, revenue from operations grew 10.78% year-on-year to Rs 1,862.1 crore in the quarter ended 30 June 2024.
About Prestige Estates Projects Prestige Estates Projects is a leading real estate developer in India, with a strong presence in Bangalore, Chennai, Hyderabad, Kochi, and Mangalore. The company has a proven track record of delivering high-quality projects, with a focus on customer satisfaction and innovation.
Frequently Asked Questions
Where is Prestige Pine Forest located?
Prestige Pine Forest is located in Whitefield, Bangalore.
How many residential units does Prestige Pine Forest offer?
Prestige Pine Forest offers 316 residential units across four towers.
What is the revenue potential of Prestige Pine Forest?
The revenue potential of Prestige Pine Forest is Rs 1,100 crore.
What is the size range of the residences in Prestige Pine Forest?
The residences in Prestige Pine Forest range in size from 2,442 square feet to 3,556 square feet.
What is the parent company of Prestige Estates?
The parent company of Prestige Estates is Prestige Group.
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