Prestige Estates Investments Bangalore acquires land from Century Real Estate Holdings


Prestige Estates Investments Bangalore

Prestige Estates acquires land from Century Real Estate Holdings

Prestige Estates Investments Bangalore -1.40 % has acquired two land parcels North Bangalore from Century Real Estate Holdings to expand its commercial portfolio. The firm plans to invest Rs 1,000 crore to develop the 17 acres land parcel in the city.

The land parcels housed under two SPVs will have Prestige hold 45% stake in Century Megacity and 55% stake in Century Landmark in Hebbal, North Bangalore.

Top 8 Indian cities record 9% on-year rise in Jan-Mar housing sales

Top 8 tier I Indian cities have recorded 9% on-year rise in residential sales at 69,697 apartments in the first quarter ended March led by activity in Mumbai region and Pune, showed data from Liases Foras Real Estate Rating & Research.

In terms of growth, sales in Chennai witnessed maximum on-year growth of 31%, followed by Pune at 24%, Bangalore 19%, Hyderabad 18%, and Mumbai Metropolitan Region (MMR) 7%. The National Capital Region (NCR) witnessed the maximum decline of 8%.

Prestige Estates Investments Bangalore

Prestige Estates Investments Bangalore, During the quarter, unsold housing stock in tier I cities decreased by 7% on-year. Ahmedabad witnessed the maximum decline in unsold stock at 16%, followed by Kolkata 13%, Bangalore 11%, Pune 10%, NCR 8%, and MMR 4%, the data showed.

Prestige Group is one among the trusted name within the land sector in terms of commitment and in- time delivery. the standard won’t be compromised, with assurance of providing optimum value for the client’s money whether it’s a billboard property or a residential development. the newest technologies are adapted for development of safer, in-time and reliable construction. Lending the simplest buy opportunity to its residents.

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