Prestige Group opens five real estate projects in Karnataka

Bengaluru (Karnataka) [India], May 14 (Businesswire India): Prestige Group has inaugurated five real estate projects, including three in the residential category, one commercial and one industrial.

The properties include:

Prestige Ivy Terraces (Residential)

Prestige Bagamane Temple Bells (Residential)

Prestige Sunrise Park (Residential)

Prestige Saleh Ahmed (Commercial)

Prestige Logistics Centre (Industrial)

"These properties reinforce our continued focus on creating a varied portfolio of offerings for our customers. With growing engagement from software companies to establish their offices in Bengaluru, the real estate market has shown an upward trend in recent years. As more offices get developed, there will be a growing need for residences as well," said Irfan Razack, Chairman and Managing Director, Prestige Group.

"We are also delighted to launch our first warehouse centre in the state. Prestige Group has been a pioneer in developing IT and office parks in south India with an occupier tenant portfolio of global and Indian corporations. Various policy decisions like the implementation of GST and the e-way bill have given a boost to the logistics sector, as well. This coupled with the growth in the e-commerce and retail sectors has necessitated a sharp growth in warehousing in the country, and we foresee a huge demand for plug and play in this space," he added.

Prestige Ivy Terraces is located just off the Marathahalli-Sarjapur Outer Ring Road.

Prestige Bagamane Temple Bells is situated in Rajarajeshwari Nagar. Set in nine high-rise towers comprising of 1, 2, 2.5 and 3 bed homes, the property offers a variety of sizes and floor plan configurations for prospective homebuyers.

Prestige Sunrise Park is located in the heart of Electronic City, and offers spacious, brilliantly designed one, two, two bed with study and three bedroom homes, set in 15 towers spread across 25 gloriously landscaped acres.

The commercial Prestige Saleh Ahmed is situated at the junction of Infantry Road and Lady Curzon Road. It promises open unhindered work spaces within, with each floor plate designed to support two independent work forces with a complete set of services.

The Prestige Logistics Centre, an industrial property, is located in the KIADB Industrial Park, Malur, Kolar district.

It is also well connected to the Malur Railway Station. (BusinesswireIndia)

This story has not been edited. It has been published as provided by ANI