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SAURABH SAHU

22nd Feb · SEBI-Registered Analyst

🏗️ Prestige Estates Projects Limited Signs Deal to Adopt Bellandur Metro Station

In a significant public–private partnership move, **Prestige Group** has signed a definitive agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to adopt and co-brand the Bellandur Metro Station in Bengaluru. The station will now be known as **“Prestige Bellandur Metro Station.”** 📍 **Location Advantage** The station is strategically located on the 17-km ORR Metro Corridor (Silk Board to KR Puram), serving one of India’s largest office micro-markets and thousands of daily commuters. ### 💰 Investment & Concession Details * **Investment:** ₹115 crore (excluding GST) * **Concession Period:** 30 years * **Exclusive Naming Rights:** 30 years * **Commercial Space:** 3,000 sq. ft. inside the station * **Advertising Rights:** 1,000 sq. ft. * **Future Provision:** Elevated connectivity bridge to Prestige Lakeshore Drive ### 🌱 Infrastructure & Sustainability Focus Prestige will undertake: * Interior upgrades & finishing works * Station enhancements aligned with global metro standards * Compliance with IGBC green building benchmarks This initiative strengthens Bengaluru’s integrated urban infrastructure and reflects a progressive **PPP model**, blending infrastructure development with private sector participation. ### 🗣️ Management Commentary Juggy Marwaha, CEO & Executive Director – Office, Prestige Group, stated that the move supports seamless mobility for the ORR workforce and future occupiers of Prestige Lakeshore Drive. --- ### 📊 Strategic Impact This agreement enhances Prestige’s brand visibility in a prime commercial corridor while supporting transit-oriented development — a key trend in urban real estate. --- **Disclaimer:** This is for informational purposes only and not investment advice. Follow for more real estate & corporate updates.

PRESTIGE

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