Prestige Estates expects revenue of Rs 550 crore from new residential project in Bengaluru
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Prestige said in the information given to the stock market on Thursday, “Under the project, 285 apartments will be built in two high towers in seven lakh square feet. It is expected to generate revenue of Rs 550 crore.
Real estate company Prestige Estates Projects Ltd expects revenue of Rs 550 crore from its new residential project in Bengaluru. The company has launched a new housing project ‘Prestige Glenbrook’ in the heart of Whitefield, the IT hub of Bengaluru.
Prestige said in the information given to the stock market on Thursday, “Under the project, 285 apartments will be built in two high towers in seven lakh square feet. It is expected to generate revenue of Rs 550 crore.
Prestige Estates expects its sales bookings to grow by 55 per cent to an all-time high of Rs 20,000 crore in the current financial year 2023-24 due to strong demand for residential properties. The company’s sales booking in the financial year 2022-23 was Rs 12,931 crore.
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