Oakwood At The Prestige City

The Prestige Group is a prominent Indian real estate developer headquartered in Bangalore, Karnataka. Established in 1986 by Razack Sattar, the company has significantly influenced the urban landscape of southern India, particularly in Bangalore, where it has completed numerous residential, commercial, retail, and hospitality projects. Since its inception, Prestige Group has completed over 192 projects covering more than 64 million square feet. The company's portfolio spans various sectors, including residential apartments, commercial office spaces, shopping malls, villas, hotels, golf courses, and leisure and hospitality ventures.​ In April 2024, Prestige Estates Projects entered into a significant partnership with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund. The $240 million deal aims to develop residential projects across Bengaluru, Mumbai, Goa, and the National Capital Region, with a combined gross development value exceeding $2.16 billion. ​ Reuters However, the company faced challenges in the second quarter of 2024, reporting a modest 3% increase in revenue to ₹23.04 billion. This slowdown was attributed to delays in obtaining approvals for new projects in Bengaluru, leading to a 63% year-over-year decline in apartment sales and a 77% drop in profits. ​ Reuters Despite these hurdles, Prestige Group continues to be a key player in India's real estate sector, with ongoing and upcoming projects aimed at catering to the country's growing demand for residential and commercial spaces.