The Bengaluru-owned Prestige Group has a plan to draw for investing at least Rs 7,500 crore over the next four to five years to get a foothold realty market in the country, as per the official statement.

In the statement of managing director Irfan Razack, the listed company has a presence in the southern market, which has delivered almost 250 projects and will develop a more residential and commercial projects in the financial capital.

• Andhra Pradesh Approves Rs 500 Crore Port, Shipbuilding Cluster
• Amazon Eyes Faster Content Production With AI
• Why India Is Emerging as a Second Home for Multinationals
• Indigo Shares Slip 2% as CCI Orders Further Investigation 
• Concord Control Wins KAVACH 4.0 Order; Stock Jumps 4%

Also, he said the group envisages developing at least 16 million square feet of space in six projects spread across the city and will be conservative in its approach in the market, which has seen quite a few developers facing troubles.

“We want to be a responsible developer who delivers whatever we have signed up for. We are not in any hurry and will be conservative,” he said, detailing the projects.

The current project of Prestige group includes one commercial property in the Bandra Kurla Complex business district and one in central Mumbai’s Mahalaxmi. Also include the project of 6 million square feet integrated development project in the northeastern suburb of Mulund.