Your search results

Prestige Estates & Century Group to build office park in Bengaluru

Posted by Balaji on April 26, 2021

Prestige Estates Projects and Century Group have formed a joint venture to build an

office park in Bengaluru with a construction cost of about Rs 900 crore. Prestige

Estates, one of the country’s leading real estate companies, intends to build

approximately 2.5 million square feet of space in this park.


Prestige Office Ventures CEO Juggy Marwaha told, “We have formed a joint venture

with Century group for the creation of an office park in Bengaluru.”


According to him, the Century group owns about 16 acres of land through two special

purpose vehicles (SPVs).


These two SPVs have been acquired by the Prestige Group. Century Megacity has a 45

percent stake, and Century Landmark has a 55 percent stake.


The planning for this office park’s development has begun, and construction will begin

within the next six months. In the next three years, the project will be finished.


When asked about the investment,  developers said, “The land is already owned by the

JV. The construction cost is expected to be about Rs 900 crore, which will be funded by

the JV through equity and debt.”


The construction cost is expected to be about Rs 900 crore, which will be funded by the

JV through equity and debt.”


Prestige Estates partnered with Brigade Group in October of last year to jointly build a

commercial project in Chennai that includes a shopping mall and a hotel, with

an approximate construction cost of around Rs 500 crore.


“Through its 2.0 office projects firm, the Prestige Group is restoring and re-investing in

building over 42 million sq ft of office parks and future-proof buildings all across the

world,” Developers said.


He claims that these parks are being built by globally renowned architects and



In the first phase of a Rs 9,160-crore contract, Prestige Estates signed definitive

agreements with a global investment firm  Blackstone to sell 12 assets/undertakings,

including completed office, retail, and hotel properties.

Leave a Reply

Your email address will not be published.

  • Experience World Class Service

  • Excellent
    Based on 172 reviews
    Suresh K Krishna
    Suresh K Krishna
    3. July, 2023.
    I was very happy with the service provided. Gangadhar was very prompt and responsive at all the time till the completion of transaction.
    Umesh Shanbhogue
    Umesh Shanbhogue
    21. June, 2023.
    It has been an incredible and wonderful experience having Mr. Gangadhar Gowda's support and advice during the purchase of our flat. He is a good advisor and counselor! We are grateful to him for making the process much easier than it could be.
    Pushparani Bn
    Pushparani Bn
    17. June, 2023.
    Coldwell Banker Team helped me to get a BDA plot in E auction. Thank you each and all for the team......
    Krishna Prasad (Krishna)
    Krishna Prasad (Krishna)
    16. June, 2023.
    This is an amazing team, who guided me at every step of my purchase. Sathish, Gangadhar are professionals and they know how to help their customers get to their dreams. Thanks a lot.
    Raju P
    Raju P
    3. June, 2023.
    Balaji sir was nice working with you Thank you...
    Venkat Eswaran
    Venkat Eswaran
    25. May, 2023.
    We bought an apartment in Bangalore recently and Gangadhar made the entire process easy and seamless. Our experience with Gangadhar was outstanding and he took care of all the requirements for the property transfer end to end in a compressed timeframe. Gangadhar was patient, provided good advice and listened to all our requirements. He went above and beyond to help with a variety of other matters as well. I would highly recommend Gangadhar and his team.
    Ashwini Balakrishnan
    Ashwini Balakrishnan
    18. April, 2023.
    Mr. Balaji is our family acquaintance and is known to us for several years, he is also involved in philanthropic work, It is our good fortune that we entrusted the sale of our ancestral property to Mr. Balaji and his company. Mr. Balaji and his team of trusted lieutenants ensured the process right from selecting the buyer till completion of sale was completed without any hiccups and took care of all the paper work. Balaji and his team were willing to go the extra mile to ensure the sale was complete as per agreement. We would like to commend Balaji and team and hope we will have the opportunity to engage him again in the future. Wishing Balaji and team all success personally and professionally.
    Shubha Raghu
    Shubha Raghu
    18. April, 2023.
    We were introduced to Mr. Balaji by our sister sometime back for helping us sell our property. More than a broker he has been a good friend and guided us well through out the entire process. He has always been more than ready to help us. Our heartfelt thanks to him for a smooth journey in selling our property. I will definitely and strongly recommend his name to all my relatives and friends. Wishing him and his company success in all his future endeavours.
    • Bangalore Construction industry Drones Home Safety Tips Invest in Real Estate New projects Online Rental agreement Registration Charge Rental agreement Residential Stamp Duty upcoming

    • Our Latest Listings

    Compare Listings

    Thank you for contacting us!

    Enter Your Information

    Verified by MonsterInsights