Prestige Group signs definitive agreement with BMRCL to adopt Bellandur Metro Station

Prestige Group today announced the signing of a landmark Definitive Agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to adopt and co-brand Bellandur Metro Station as "Prestige Bellandur Metro Station."

Under the agreement, Prestige Beta Projects Private Limited will invest Rs. 115 Cr (excluding GST) towards station upgradation and enhancement, infrastructure support, and long-term partnership rights over a 30-year concession period.

The partnership grants Prestige:

- Exclusive station naming rights for 30 years
- 3,000 sq. ft. of commercial space within the station
- 1,000 sq. ft. of advertising entitlement
- Provision for a future elevated connectivity bridge to Prestige Lakeshore Drive

Prestige, on its part, will strive to make this the best metro station in the city and will undertake interior upgrades, finishing works, and station enhancements in alignment with global metro standards and IGBC green building benchmarks, reinforcing Bengaluru's push toward integrated, sustainable urban infrastructure.

Strategically located on the 17 km ORR Metro Corridor from Silk Board to KR Puram, Bellandur Station sits at the heart of India's largest office micro-market, serving thousands of professionals daily.

This partnership represents a progressive Public-Private Partnership (PPP) model, combining infrastructure development with private sector participation to deliver seamless multi-modal connectivity for Bengaluru's citizens and the ORR workforce.

"This is our way of giving back to the city - by strengthening mobility where India works and helping our future occupiers of Prestige Lakeshore Drive experience convenience, comfort, and seamless connectivity to one of the largest office parks coming up on the ORR." - Juggy Marwaha, CEO & Executive Director, Prestige Group - Office.

With this collaboration, Prestige reinforces its commitment to building not just office campuses, but integrated urban ecosystems where work, transit, and community converge.

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1486.30 as compared to the previous close of Rs. 1490.25. The total number of shares traded during the day was 3382 in over 480 trades.

The stock hit an intraday high of Rs. 1503.35 and intraday low of 1471.20. The net turnover during the day was Rs. 5038085.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty Agreement BMRCL BellandurMetroStation