Exhibit 99.1

                                PRESS RELEASE
                                -------------


                      THE INTERGROUP CORPORATION'S BOARD
                 APPROVES INCREASE IN SHARE REPURCHASE PROGRAM


Los Angeles, California, February 11, 2003 - The InterGroup Corporation
(NASDAQ: INTG) today announced that its Board of Directors has authorized the
Company to purchase up to an additional 150,000 shares of the Company's
common stock under its existing stock repurchase program.  That action
increased the total remaining number of shares authorized for repurchase to
approximately 152,700 shares.  The purchases will be made, in the discretion
of management, from time to time in the open market or through privately
negotiated third party transactions depending on market conditions.

                               *  *  *

Statements in this release which are not historical facts are "forward
looking statements" and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.


CONTACT:    John V. Winfield, President and Chief Executive Officer,
            Telephone: (310) 889-2500; or Michael G. Zybala, Assistant
            Secretary, Telephone: (858) 673-4722