Prestige Group Launches Luxury Residential Project in Bengaluru's Whitefield
Bengaluru real estate: Prestige Group's new project, Prestige Pine Forest, offers 316 luxury residences in East Bengaluru's Whitefield locality.
Prestige GroupBengaluru Real EstateWhitefieldLuxury Residential ProjectIndian Real Estate MarketReal EstateSep 24, 2024
The project will offer 3 and 4 BHK configurations ranging between 2,442 - 3,556 square feet in size. According to Praveer Shrivastava, Senior Executive VP- Residential, Prestige Group, the project redefines the benchmark for quality and craftsmanship and is a testament to the company's relentless commitment to delivering experiences.
In the April-June quarter, Prestige Estates launched two residential projects in Bengaluru, covering a total developable area of 1.86 million square feet, with a combined gross development value of around ₹1,400 crore. The company reported a consolidated net profit of ₹307 crore in the first quarter of FY25, down 3.4% from the same period last year.
Prestige Estates is present across 13 cities with a footprint of 190 million square feet. It undertakes residential, office, retail, hospitality, and warehouse projects. The company has a strong presence in Bengaluru, with several successful projects in the city.
The launch of Prestige Pine Forest is expected to further strengthen the company's presence in the Bengaluru real estate market. With its focus on luxury, comfort, and convenience, the project is expected to attract discerning homebuyers in the city.
About Prestige Group
Prestige Group is a leading real estate developer in India, with a presence across 13 cities. The company has a diverse portfolio of residential, office, retail, hospitality, and warehouse projects. With a commitment to quality, craftsmanship, and customer satisfaction, Prestige Group has established itself as a trusted name in the Indian real estate industry.
Information
Bengaluru's Whitefield area has emerged as a popular destination for homebuyers in recent years, driven by its proximity to IT hubs and excellent connectivity. The area has seen a surge in demand for luxury residential projects, with several developers launching high-end projects in the area.
Prestige Group is a leading real estate developer in India, with a presence across 13 cities. The company has a diverse portfolio of residential, office, retail, hospitality, and warehouse projects. With a commitment to quality, craftsmanship, and customer satisfaction, Prestige Group has established itself as a trusted name in the Indian real estate industry.
Frequently Asked Questions
What is the sales potential of Prestige Pine Forest?
The sales potential of Prestige Pine Forest is ₹1,100 crore.
How many units will be available in Prestige Pine Forest?
Prestige Pine Forest will comprise 316 luxury residences.
What are the configurations available in Prestige Pine Forest?
Prestige Pine Forest will offer 3 and 4 BHK configurations ranging between 2,442 - 3,556 square feet in size.
Where is Prestige Pine Forest located?
Prestige Pine Forest is located in East Bengaluru's Whitefield locality.
What is the footprint of Prestige Group in India?
Prestige Group has a footprint of 190 million square feet across 13 cities in India.
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