Residential Project in Tumkur Road, Bangalore

Prestige Group launches construction of Rs 300 crore IT project in SmartCity Kochi

KOCHI: Major property developer Prestige Group has launched construction of its Rs 300 crore IT project in SmartCity Kochi.

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HDFC ties up with Bangalore-based Prestige Estate for Rs 2,500-cr affordable Housing Venture

Housing Development Finance Corporation Ltd has tied up with Bangalore-based real estate player Prestige Estates to invest Rs 2,500 cr in affordable housing.

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Prestige Group acquires CapitaLand’s stake in SPVs for Rs 342 crore

Bangalore-based realty developer Prestige Group, through its subsidiary, has concluded acquisition of CapitaLand's stake in its various special purpose vehicles for around Rs 342 crore. With these properties located in key growth markets across India, the acquisition will boost Prestige's annuity portfolio with an estimated incremental rental income of Rs 75 crore per annum, the developer said in a release.

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Prestige buys out partner in Prestige Pallavaram venture

The real estate firm has reported a 1% year-on-year rise in consolidated net profit at Rs 91 crore for the quarter ended September.Total income for the quarter fell 5% to Rs 1,112 crore, the company said. "Despite no new launches, we had a sale of Rs 800 crore in the second quarter given the current market condition," said Narayan. Prestige is developing 44 million sq ft of residential projects, of which the company's share is 29 million sq ft.

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Seeing early signs of consolidation in real estate space: Macquarie Capital

In the order of affordability, Bangalore stands out compared to Mumbai and NCR among the tier-I markets, Abhishek Bhandari, Senior Analyst, Property at Macquarie Capital Securities said. In an interview with CNBC-TV18, Abhishek Bhandari, Senior Analyst, Property at Macquarie Capital Securities shared his reading and outlook on market. He was speaking from the side-lines of Macquarie India Conference.

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