Prestige Group plans to launch several residential, commercial and retail projects worth Rs 7,000 crore in the fiscal 2010-2011. These projects will be funded through a combination of internal accruals, debt and initial public offering (IPO) proceeds.

Prestige is likely to invest over Rs 2,000 crore on eight residential projects, out of which four are high-end luxury ones. The company has the UB City, Prestige White Meadows, and high-end projects on Edward Road and Kensington Road. In the affordable segment, a project comprising 2,800 units is planned in Bangalore North, a township on Kanakpura Road as a mixed use development, and a project in Subramaniapura.

Commercial projects worth Rs 2,000 crore are under various stages of implementation. Prestige Exora Business Park, where overall development will be 2.1 million sq ft; Cessna Business Campus, a dedicated space for CISCO, where phase one is to see development of seven lakh sq ft and Prestige Tech Park phase three, which will see development of 1.1 million sq ft. Six retail projects are being planned across south India at an investment of about Rs 1,500 crore, while about Rs 1,000 crore is to be infused in three to four hospitality projects.