+
Prestige Office Ventures Plans Major Expansion by 2028
Real Estate

Prestige Office Ventures Plans Major Expansion by 2028

In a significant development for India’s commercial real estate sector, Prestige Office Ventures, the office arm of Prestige Group, has announced plans to expand its office portfolio to 30 million square feet by April 2028. This expansion is expected to generate an annual rental income of Rs 32,000 million by December 2028.

The 30 million square feet portfolio will include 12 million square feet of completed assets. In Delhi, the company has recently completed 700,000 sq ft of office space in the Aerocity area. Additionally, Prestige Office Ventures is planning to launch one or two more projects in Gurugram and Noida.

In a move to diversify its operations, Prestige Office Ventures is also venturing into the data centre infrastructure business. It is currently building a 100 MW facility for NTT in Bengaluru, marking its entry into this high-growth segment.

In a significant development for India’s commercial real estate sector, Prestige Office Ventures, the office arm of Prestige Group, has announced plans to expand its office portfolio to 30 million square feet by April 2028. This expansion is expected to generate an annual rental income of Rs 32,000 million by December 2028.The 30 million square feet portfolio will include 12 million square feet of completed assets. In Delhi, the company has recently completed 700,000 sq ft of office space in the Aerocity area. Additionally, Prestige Office Ventures is planning to launch one or two more projects in Gurugram and Noida.In a move to diversify its operations, Prestige Office Ventures is also venturing into the data centre infrastructure business. It is currently building a 100 MW facility for NTT in Bengaluru, marking its entry into this high-growth segment.

Next Story
Infrastructure Transport

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Next Story
Infrastructure Urban

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Next Story
Infrastructure Urban

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App