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Prestige Group to invest Rs 1,800 crore in Bengaluru Airport City

Created at 11 Jun · 3:55 PM1 source↑ Market-relevant
IN SHORT

Realty developer Prestige Group will invest approximately Rs 1,800 crore to develop an integrated destination within Bengaluru Airport City. The project will feature a convention center, luxury hotels, office spaces, and retail offerings, aiming to create a mixed-use ecosystem.

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Key Numbers

Rs 1,800 crorePrestige Group investment in Bengaluru Airport City
8,000 peopleConvention center capacity

Who's Involved

Prestige Group
Realty developer investing in Bengaluru Airport City
Irfan Razack
Managing Director of Prestige Group
Bengaluru Airport City
Partner in the integrated destination development
Hari Marar
CEO of Bangalore International Airport

↳ Why This Matters

This significant investment by Prestige Group in Bengaluru Airport City signals continued growth and development in India's real estate sector, particularly in integrated, mixed-use urban ecosystems designed to attract business and leisure travelers.

Key facts

  • Prestige Group will invest Rs 1,800 crore in Bengaluru Airport City.
  • The development will feature a convention center, luxury hotels, office spaces, and retail.
  • The convention center will have a capacity of 8,000 people.
  • Construction is scheduled to commence in early 2027.
  • The project is a partnership with Bengaluru Airport City.

Realty developer Prestige Group is set to invest approximately Rs 1,800 crore in developing a large integrated destination within Bengaluru Airport City, in collaboration with Bengaluru Airport City. The project is planned as a mixed-use development encompassing a state-of-the-art convention and exhibition center, luxury hotels under global brands, premium office spaces, and curated retail, food and beverage, and lifestyle offerings.

The convention center is expected to have a capacity for nearly 8,000 people and will serve as a venue for international conferences, exhibitions, corporate events, and cultural gatherings. The broader development aims to create a seamless work, stay, and leisure environment within the airport corridor, integrating business, hospitality, culture, and entertainment.

Irfan Razack, managing director of Prestige Group, stated that the development aims to set new benchmarks for mixed-use projects in India by creating a landmark destination. Hari Marar, CEO of Bangalore International Airport, highlighted the partnership as a significant step towards creating destinations that bring together enterprise, talent, and ideas at scale.

Construction for the project is anticipated to begin in early 2027, forming a crucial part of the long-term expansion of Bengaluru Airport City's urban ecosystem.

Frequently asked questions

Prestige Group plans to invest approximately Rs 1,800 crore in the project.

The development will feature a convention and exhibition center, luxury hotels, premium office spaces, and curated retail, food and beverage, and lifestyle offerings.

The convention center is designed to accommodate nearly 8,000 people.

Construction is planned to commence in early 2027.

What Happens Next

01Construction to begin in early 2027.

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Cadence

How It Developed

Prestige Group announced an investment of Rs 1,800 crore for a mixed-use development in Bengaluru Airport City.
The project will include a convention and exhibition center, luxury hotels, premium office spaces, and retail.
The convention center is designed to accommodate approximately 8,000 people.
Construction is slated to begin in early 2027.
The development aims to integrate business, hospitality, culture, and entertainment.

Sources

T1
Prestige Group to invest Rs 1,800 crore in integrated destination at Bengaluru Airport CityThe Economic Times

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