Prestige Estates Projects Limited has informed the Exchange regarding a press release dated February 21, 2026, titled "Prestige Group Signs Definitive Agreement with BMRCL to Adopt Bellandur Metro Station".
PRESTIGE · price
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Prestige Group, through its subsidiary Prestige Beta Projects Private Limited, has signed a definitive agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to adopt and co-brand Bellandur Metro Station as 'Prestige Bellandur Metro Station.' The company will invest Rs. 115 Cr (excluding GST) over a 30-year concession period for station upgradation, infrastructure support, and partnership rights. In return, Prestige gets exclusive station naming rights for 30 years, 3,000 sq. ft. of commercial space within the station, 1,000 sq. ft. of advertising entitlement, and provision for a future elevated connectivity bridge to its Prestige Lakeshore Drive project. The station is located on the 17 km ORR Metro Corridor from Silk Board to KR Puram, one of Bengaluru's largest office micro-markets. The upgrades will align with IGBC green building benchmarks and global metro standards, following a public-private partnership (PPP) model.
This is a positive development for Prestige shareholders — it strengthens connectivity and value for the upcoming Prestige Lakeshore Drive office park, enhances long-term brand visibility through metro naming rights, and provides commercial and advertising real estate within the station. The Rs. 115 Cr outlay is modest relative to the 30-year strategic benefits and recurring revenue potential from the commercial space.