With a potential income of Rs 1,200 crore, listed real estate developer Prestige Group, based in Bengaluru, has ventured into Kozhikode, Kerala, to construct its first residential property.
The Prestige Ocean Pearl project, which spans over 1.5 million square feet (msf) and costs Rs 800 crore, will be turned over in May 2027, according to Praveer Shrivastava, Senior VP, Residential, Prestige Group, who spoke with Moneycontrol.
With a ticket price ranging from Rs 1.7 to Rs 2.5 crore, the building features 500 opulent 3/4 BHK apartments arranged over four stories. With 28 stories, it is one of the biggest constructions in the Beach Road vicinity.
The project, which is being developed in collaboration with Westin Developers, will contribute to the group’s continued strengthening of its position in Kerala.
