Prestige Group and BACL unveil integrated destination in Bengaluru Airport City
Prestige Group and BACL are developing an integrated destination in Bengaluru Airport City. The project includes a convention centre, St. Regis and Marriott Marquis hotels, and premium office space. This initiative aims to boost business, hospitality, and cultural experiences, strengthening Bengaluru's position as a global gateway.
The development of a large-scale integrated destination, including hotels and a convention center, has the potential to significantly impact the company's future revenue streams and market presence, but the financial details or immediate impact are not specified.
The announcement details a significant new development and partnership, highlighting growth and expansion, which is generally positive for the company.
Prestige Group, in partnership with Bengaluru Airport City Limited (BACL), has announced a landmark integrated destination within Bengaluru Airport City. This development aims to combine business, hospitality, culture, and experiences into a single ecosystem.
The project will feature a state-of-the-art convention and exhibition centre, luxury hotels under the St. Regis and Marriott Marquis brands, premium office space, and curated food and beverage experiences. It is strategically located within Bengaluru Airport City to cater to global travelers, event organizers, corporations, and residents.
Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the development reflects the company's vision of creating destination-defining assets that contribute to urban and economic growth. He highlighted the integration of hospitality, business, culture, and lifestyle experiences to set new benchmarks for mixed-use development in India.
Mr. Hari Marar, Managing Director & CEO of Bangalore International Airport Limited (BIAL), emphasized that this partnership is a significant step in creating destinations that foster enterprise, talent, and ideas at scale. He noted the role of such developments in shaping the ecosystems surrounding airport cities and extending the airport experience beyond aviation.
The Convention Centre is anticipated to become a premier venue for international conferences, exhibitions, corporate events, and cultural gatherings. The broader development is expected to catalyze economic growth, business tourism, investment, and employment opportunities in the airport corridor, further strengthening Bengaluru's position as India's innovation and technology capital.
About Prestige Group: Prestige Group is a diversified real estate developer with nearly four decades of experience, having delivered 316 projects spanning 212 million sqft, with a current pipeline of 135 projects across 227 million sqft as of March 2026.
About Bengaluru Airport City Limited: BACL, a wholly owned subsidiary of BIAL, is developing Bengaluru Airport City into a world-class, mixed-use destination featuring business parks, technology hubs, a medical district, convention and exhibition centres, a knowledge park, hospitality, a central park, and a multipurpose concert arena.
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Prestige Estates Projects Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.