Prestige Group to invest about Rs 7,500 cr in realty sector

Prestige Group has set up plans to invest a minimum of Rs 7,500 crore in the next 4-5 years to gain a foothold in the property markets in the country.

Managing Director of Prestige Group, Irfan Razack, told media that the publicly traded company with a presence in the southern market has delivered more than 250 projects and will develop residential and commercial projects in the financial capital.

He said the company plans to develop 16 million square feet of space across six projects in the city and will be conservative in its approach to the market.

The projects include the development of one commercial property in the Bandra Kurla complex, one in Mahalaxmi in central Mumbai, and a 6 million square meter integrated development project in the northeastern suburb of Mulund.

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