Prestige Estates Projects Ltd. is a Great Place to Work-Certified™ organization. Great Place to Work® Certification is recognized world over by employees and employers alike and is considered the ‘Gold Standard’ in identifying and recognizing Great Workplace Cultures. Prestige Estates Projects Ltd., has created a Great Place to Work FOR ALL their employees by excelling on the 5 dimensions of a High-Trust, High-Performance Culture™ – Credibility, Respect, Fairness, Pride and Camaraderie. Business Description:Prestige Estates Projects Limited (Prestige) is on the largest Real Estate developers in the country having its presence across Residential, Office, Retail, Hospitality and Property Management Segment. The Group started its journey in 1986 from Bengaluru, and now have presence in more than 12+ cities Pan-India. As on FY22, Prestige Group completed 268 projects spanning 151 Million sq. ft of development and clocked a turnover of INR 66,002 Million, Currently, Prestige Group is undertaking development of 100+ projects admeasuring 150+ Million sq. ft of area at various stages of construction and planning. In addition to this, the Group holds a land bank of 400+ acres equivalent to an area potential of 27+ Million sq. ft. The Market Capitalization of the company as on Dec’22 was around INR 1,74,896 Million. Prestige Group’s diversified portfolio is at the core of the business model and provides an opportunity to diversify its risk across various asset classes. It also empowers the Group to undertake growth opportunities by having varied revenue stream in terms of both development and annuity incomes. Prestige Group is engaged in the development Grade “A” Office spaces and Retail Malls in prime locations at key cities across India. 

Prestige builds and operates hotels at key locations and has collaborated with international hospitality brands such as JW Marriott, The Grand Sheraton and Conrad by Hilton for few of its development. Our Property Management business provides best-in-class property maintenance services to all the group’s properties. As part of expansion plan to newer geographies, Prestige recently forayed into Mumbai market with launch of multiple projects in both Residential and Commercial Segments. The Group has established it’s footprint across various cities such as Chennai, Hyderabad, Kochi, Mysore, Mangalore, Mumbai, Delhi and Goa. 

Segment Commentary: 

• Residential Segment - Prestige continues its strong presence and dominance in the residential segment adding more than 60 projects admeasuring 100+ Million sq. ft of area under development and planning. 

• Commercial Segment - Prestige Group is developing over 43+ Million sq. ft of Commercial Office space in Bangalore, Mumbai, Hyderabad, Chennai, Delhi and Pune.

 • Retail Segment - Prestige has developed over 12 Retail Malls while 6 more Malls are in pipeline and at various stages of construction and planning. Prestige recently opened city’s largest mall in South Bengaluru with approximately 1 Million sq. ft. of leasable area. 

• Hospitality Segment- Prestige Group has completed 1368 keys across 9 Hotels in Bangalore. Another 1500+ keys across 8 Hotels assets are at various stages of construction and pipeline. 

• Services Vertical - The Company through this vertical provides Fit out services, Interior Designs and Execution, Facilities & Property Management and Project & Construction Management for all its projects.