The firm plans to develop a luxury residential group housing project on this land. Another Bengaluru-based developer Prestige Group as of FY24 has 37 ongoing projects. Of these seven tasks are in Mumbai, 20 in Bengaluru and the remaining in cities like Hyderabad, Calicut, Mangaluru, Kochi, Ooty, based on the company’s investors’ presentation for FY24. The enlargement pattern is more evident with listed real estate builders rather than that of unlisted or mid-sized realtors in these cities, experts mentioned. New improvement project launches and the sale of off-plan properties have been important drivers for the amplitude of transaction exercise this yr. In August, a total of 7,085 off-plan Oqood transactions were registered, growing by a exceptional 35 per cent month-on-month and 60.6 per cent on a yearly foundation, based on Property Moniotor.
