Get latest articles and stories on Latest News at LatestLY. Realty firm Prestige Group has acquired 21 acres of land in Whitefield, Bengaluru, for Rs 450 crore to develop a housing project and is expecting a revenue of Rs 4,500 crore over the next four years. Latest News | Prestige Group Buys 21 Acres in Bengaluru for Rs 450 Cr to Build Homes.
Prestige Estates Projects: The acquired land will be planned for residential development spanning approximately four million sq ft of developable area, comprising around 1,800 apartments.
Around 97 land transactions for over 2,700 acres were recorded in 2023, compared to 2,500 acres across 82 deals in the preceding year, according to Anarock Property Consultants.