9OCTOBER, 2025sales of over 8,000 crore, thus, a second phase, MayFlower worth 2,200 crore was launched."We are intensively engaged in creating proposals in Gurgaon, Delhi, and Noida. We are looking to make a long-term stay in the North Indian real estate market and increase our presence there. We are expecting to unveil new projects in 2026," shared Praveer Srivastava, Senior Vice President at Prestige Group.Prestige Group moved 6,788 units over 13.96 million sq ft and raised revenues to the tune of 18,143 crore that is a 157% year-on-year increase.The average prices of apartments went up by 8 percent to 14,906 per sq ft whereas the plot realization jumped by 43 percent to 9,510 per sq ft indicating a strong demand for premium plotted developments with integrated infrastructure.Besides Delhi-NCR, Prestige has lined up new launches such as Prestige Garden Trail in Thane and several residential projects in Bengaluru and Hyderabad, with a combined GDV of 15,000 crore.On the commercial side, the company has been able to keep pace with the full-year 2024 performance by leasing out 6 million sq ft in the first nine months of 2025.With sustained sales and a carefully planned expansion move, the Prestige Group is deepening its influence in the Indian real estate market and is on the rise among the top players of this sector. PRESTIGE GROUP TO LAUNCH NEW PROJECTS IN DELHI NCR IN 2026The Bengaluru-based real estate major Prestige Group will expand in Delhi-NCR after a near-complete sale of the first phase of its flagship project, Prestige City in Indirapuram Extension, Ghaziabad. The first phase, which had a total inventory worth 11,000 crore, saw the KARNATAKA CABINET APPROVES BENGALURU BUSINESS CORRIDOR PROJECTThe Karnataka Government has finally approved the long-awaited Bengaluru Business Corridor, erstwhile known as Peripheral Ring Road project, in a big drive towards easing city traffic.Inaugurated by Deputy Chief Minister D. K. Shivakumar on Thursday, the 117 km long corridor will connect Tumakuru Road with Mysuru Road through Yelahanka and Electronic City, and is expected to cut down the traffic load in Bengaluru by up to 40 per cent once the work is completed within two years.This one has been designed by the Bengaluru Development Authority (BDA) to be along NICE Road with a 60-metre-wide tollway and a dedicated corridor for a future Metro line--providing alignment for city urban mobility plans in the future. The state government will try to seek a 27,000-crore loan from the Housing and Urban Development Corporation (HUDCO) to finance construction, although the overall cost would be reduced to about 10,000 crore based on land acquisition and compensation results.To prevent procedural lag, Shivakumar ensured that there will be no denotification of land. Dispute compensation plots will be frozen in court, whereas landowners will be shifted one amongst four compensation schemes--either twice the market rate or 40% developed land in BDA layouts. Monetary compensation will be provided to small landholders."It was earlier called the Bengaluru Business Corridor, the Peripheral Road. It stretches from Tumakuru Road to Electronic City, and from Electronic City to Mysuru Road... toll road with space for the Metro. The Peripheral Road will be completed within two years," Shivakumar said.With its new width of 60 metres, Bengaluru Business Corridor resembles Bengaluru­Mysuru Expressway in design for efficiency as it reclaims excess land to farmers for commercial development.To read a detailed article on Bengaluru's road condition, explore: The Impending Road Infrastructure Crisis in Bengaluru.
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