Prestige Group Retail
Prestige Group, a renowned and reliable real estate developer based in Bangalore, is highly regarded for its expertise across diverse sectors, including residential, commercial, hospitality, and retail. In the retail segment, the group has successfully completed 13 projects, covering a vast 10 million square feet of development. These projects include a variety of retail spaces such as high streets, luxury retail, malls, multiplexes, and art centers.
Some of their prominent properties include Forum Mall, Celebration Mall, and Forum Vijaya Mall. Additionally, Prestige Southern Star on Begur Road, Bangalore, exemplifies the group’s commitment to developing high-quality properties that meet modern living and business needs.
Ongoing Retail Projects by Prestige Group
Prestige Group is currently engaged in one retail project, covering 1.13 million square feet.
Bangalore:
- Forum 13° North: 1.13 million sq ft, 100% economic interest, expected to complete by FY27.
Upcoming Retail Projects by Prestige Group
The group has an impressive lineup of 12 upcoming retail projects spanning 13 million square feet. These include:
Bangalore:
- Forum TPC Bengaluru: 1.27 million sq ft, 60% economic interest, expected completion in FY25.
- Forum TPC Bengaluru: 1.27 million sq ft, 60% economic interest, expected completion in FY25.
- Forum Park Grove: 0.55 million sq ft, 60% economic interest, expected completion in FY25.
- Forum Mall @ Prestige Falcon City Phase 2: 0.41 million sq ft, 60% economic interest, expected completion in FY26.
Chennai:
- Forum One OMR: 1.79 million sq ft, 85% economic interest, expected completion in FY25.
Hyderabad:
- Forum @ The Prestige City: 1.29 million sq ft, 30% economic interest, expected completion in FY25.
- Forum @ Budvel: 1.76 million sq ft, 60% economic interest, expected completion in FY26.
- Forum @ Banjara Hills: 0.62 million sq ft, 100% economic interest, expected completion in FY26.
Mumbai:
- Forum @ Jijamatanagar: 2.10 million sq ft, 26% economic interest, expected completion in FY26.
Goa:
- Forum @ South Goa: 0.85 million sq ft, 100% economic interest, expected completion in FY26.
- Galeria Centro @ Prestige Sea Scapes: 0.15 million sq ft, 51% economic interest, expected completion in FY26.
Kochi:
- Forum Neighbourhood Mall: 0.69 million sq ft, 10% economic interest, expected completion in FY26.
NCR:
- Forum @ TPC Indirapuram: 1.48 million sq ft, 53% economic interest, expected completion in FY26.
Retail Portfolio Highlights
In H1 FY25, the retail portfolio of Prestige Group saw over 9 million footfalls and recorded a gross turnover (GTO) of over Rs. 11,000 million. The leasing occupancy rate stood at an impressive 99.20%, and exit rentals were Rs. 2,179 million. The projected annuity income for FY29 is Rs. 9,831 million.
With stable capital expenditure, Prestige Group is well-positioned to continue investing in both its ongoing and upcoming retail projects.
