Prestige realty rolls out plans for ₹7,500-cr projects

The Bengaluru-based Prestige Group has drawn plans for ₹7,500 crore investment in the immediate future to gain a foothold in the foremost realty markets across the country. Managing Director, Irfan Razack, informed that the group envisages developing at least 16 million square feet of space in six projects spreading across the city and will be conservative in its approach in the market, which has seen quite a few developers facing troubles. The projects include developing one commercial property each in the Bandra Kurla Complex business district and one in central Mumbai's Mahalaxmi as well along with a 6 million sq ft integrated development project in the northeastern suburb of Mulund.

Other projects include the development at Mahalaxmi which will be focused on the residential segment, a project each in Bandra's upmarket Pali Hill, south Mumbai's Marine Lines which will be developed jointly with a Balwa group entity and a redevelopment project in central Mumbai's Worli.