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Prestige Group plans to develop six malls

Tuesday, 07 Jan 2020
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The Prestige Group is planning to develop six state-of-the-art malls in the country. Currently, the company has nine operational malls across Bengaluru, Chennai, Hyderabad, Mangaluru, Mysuru and Udaipur, with over five million sq ft of gross leasable area and close to 2,000 stores.

Five more Forum malls are under construction across Bengaluru, Chennai, and Kochi covering approximately 8.1 million sq ft of retail space. By 2023, the company intends to have more than 25 malls, covering over 14 million sq ft and around 5,000 stores.

Apart from mall constructions, the company has also planned various projects in the hospitality, commercial and residential space. In 2019, the Prestige Group completed projects covering 24.2 million sq ft, including 19 million sq ft of residential space and 5.2 million sq ft office space.

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