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Prestige Construction and Century Group to build 900 Cr Commercial Project in Bangalore "We have formed a joint venture with Century group for the development of office park in Bengaluru," said Prestige Office Ventures CEO Juggy Marwaha. NEW DELHI: Realty firm Prestige Estates Projects has formed a joint venture with Century group to develop an office park in Bengaluru with an estimated construction cost of around Rs 900 crore. Prestige Estates, one of the leading real estate firm in the country, plans to develop around 2.5 million sq ft of space in this park. "We have formed a joint venture with Century group for the development of office park in Bengaluru," Prestige Office Ventures CEO Juggy Marwaha told . Century group owns around 16 acre of land through two special purpose vehicles (SPVs), he said. Prestige group has acquired stakes in these two SPVs. It has picked up 45 per stake in Century Megacity and 55 per cent stake in Century Landmark. The planning work

Prestige Estate Project ltd Share Value Drop by 2.19% 2021 is the year we have been looking forward to bringing what we learned in 2020, to practice. The year 2020 was full of self-reflection, making positive, permanent changes to life, forming habits that are good for our mental health as nature healed itself from all the toxins it has been put through for years. Government took notice of the RERA deadlines and gave an extension by 06 months. The Karnataka government reduced stamp duty for new housing projects from 05% to 03% on properties valued under 35 lacs. Properties valued under 20 lacs were reduced to 02% stamp duty fee. It urged banks and financial institutions to provide moratoriums on existing customers’ loans. This will motivate new buyers and restore their faiths in the loan providers. Real estate went physical to digital during the course of the lockdown. Digital meetups and video tours were introduced keeping the social distancing guidelines in mind, cutting down travell

Investing in Prestige City is the best decision? Are you a commuter traversing  a very long distance to reach your work location at East Bangalore and planning to buy a residence  close to your  work place? If so, Prestige Group brings to you an exquisite new pre-launch project – Prestige City with 1BHK, 2BHK, 2.5 BHK and 3 BHK apartments spread across 10 acres located at Sarjapur Road near Sarjapur Road Village of East Bangalore . This colossal venture is a jumbo package with Lush amenities  and attractive prices. "Add Prestige to your life" - as the motto suggests, the Prestige Group continues to develop and deliver worldclass properties and created outstanding residential complexes, along with large townships, tech parks, hotels, luxury villas, and SEZs across India. They have also redefined the concept of malls with their extraordinary 'Forum' brand across South India, and created internationally renowned hotels in India as well. Prestigecity Master Plan and Floo

Although the Indian real estate sector has had reason to cheer in the last six months as pent-up demand has boosted sales, even if developers are able to liquidate unsold inventory — as they have been doing in the past few months — a recovery in prices could still take two years, according to brokerage UBS. “If all the stars align — ie, inventory depletion continues the same way as it has in the past — we believe we are at least two years away from a recovery in property cycle (in terms of prices), although recovery in Hyderabad and Pune may come sooner. If depletion does not continue as we assume it will, we could be in for a longer stay at the bottom of the cycle,” the brokerage said in a report. UBS said a revival in struggling projects increases customer choice, which would keep prices in check and impact the property cycle recovery. “Stamp duty cuts, builders’ deals/ discounts and old sales registrations have resulted in a significant increase in property registrations across Maha