<p>Bengaluru-based realty firm Prestige Estates Projects will invest about Rs 350 crore to develop a commercial project in Pune, a senior company official said.</p>.<p>The project will be developed in a joint venture with a local firm, Prestige Group CEO Venkat K Narayan said.</p>.<p>“We are developing a one million sq ft office complex in Pune. This will be our first project in this city,” he said.</p>.<p>Asked about the investment, he said about Rs 350 crore would be required for the construction of the project.</p>.<p>Narayan said the project is expected to be completed in the next three years.</p>.<p>Prestige Group has completed 107 office complexes comprising 33 million sq ft area. As many as 13 projects covering 12 million sq ft area are under construction.</p>.<p>The company earns a rental income of Rs 602.7 crore from its leased office portfolio of nearly 9 million sq ft. Prestige is also foraying into the Delhi-NCR market and has tied up with local developer Ace Group to launch its first housing project in Noida with an investment of around Rs 500 crore on construction.</p>
<p>Bengaluru-based realty firm Prestige Estates Projects will invest about Rs 350 crore to develop a commercial project in Pune, a senior company official said.</p>.<p>The project will be developed in a joint venture with a local firm, Prestige Group CEO Venkat K Narayan said.</p>.<p>“We are developing a one million sq ft office complex in Pune. This will be our first project in this city,” he said.</p>.<p>Asked about the investment, he said about Rs 350 crore would be required for the construction of the project.</p>.<p>Narayan said the project is expected to be completed in the next three years.</p>.<p>Prestige Group has completed 107 office complexes comprising 33 million sq ft area. As many as 13 projects covering 12 million sq ft area are under construction.</p>.<p>The company earns a rental income of Rs 602.7 crore from its leased office portfolio of nearly 9 million sq ft. Prestige is also foraying into the Delhi-NCR market and has tied up with local developer Ace Group to launch its first housing project in Noida with an investment of around Rs 500 crore on construction.</p>