Prestige Group Acquires 21 Acres in Bengaluru

10 Apr 2024 CW Team

Prestige Group, a prominent real estate developer, has acquired 21 acres of land in Bengaluru for a whopping Rs 4.50 billion. This strategic acquisition underscores the company's commitment to expanding its presence and developing premium real estate projects in the thriving Bengaluru market.

The acquisition of this sizable land parcel positions Prestige Group to capitalise on opportunities for residential, commercial, and mixed-use developments in Bengaluru, one of India's fastest-growing cities. The prime location of the land, coupled with Prestige Group's track record of delivering high-quality projects, bodes well for the success of future developments.

With this investment, Prestige Group reaffirms its confidence in Bengaluru's real estate market and its long-term growth prospects. The company's strategic vision and financial strength enable it to seize strategic opportunities and create value for its customers, investors, and stakeholders.

The acquisition of 21 acres of land in Bengaluru represents a significant milestone for Prestige Group and reinforces its position as a leading developer in the region. As the company embarks on new projects on this prime land, it aims to set new benchmarks for excellence and innovation in the real estate sector.

In conclusion, Prestige Group's acquisition of 21 acres of land in Bengaluru demonstrates its commitment to driving growth and delivering exceptional real estate developments. With this strategic investment, the company is poised to further enhance Bengaluru's skyline and contribute to the city's ongoing development journey.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..