Bengaluru Headquartered Prestige Group, Will Establish USD 500 million Investment Funds

Prestige Aiming High

According to real estate insiders in Bangalore, the Prestige Group is aiming to establish and manage two real estate-focused investment funds totaling USD 500 million to acquire land for its residential business.

Institutional investors and high-net-worth people would be targeted by the planned funds (HNIs). Additionally, they will consider distressed residential projects and those that have been sent to the National Company Law Tribunal (NCLT).

Prestige Estates will serve as the sponsor of the proposed AIF funds, with institutional investors able to participate as co-sponsors.

Additional Information About Prestige Group

Prestige Group is a real estate development business headquartered in Bangalore, Karnataka, India. It was formed in 1986 by Razack Sattar. Prestige has created a number of residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Hyderabad, Mangalore, and Mysore. These include Prestige Shantiniketan, UB City, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Vijaya, and The Celebration Mall.

The firm is accredited to ISO 9001:2008. Prestige Group has completed almost 200 projects totaling nearly 70 million square feet of development.