Prestige Group to pump at least Rs 7,500 cr to gain foothold in Mumbai

The Bengaluru-based Prestige Group, which is entering the financial capital, has drawn plans of investing at least Rs 7,500 crore over the next four-five years to get a foothold in the foremost realty markets in the country, a top official has said.

The listed company, which has a presence in the southern market and has delivered over 250 projects, will develop both residential and commercial projects in the financial capital, its managing director Irfan Razack told PTI.

He said the group envisages developing at least 16 million square feet of space in six projects spread across the city and will be conservative