Prestige Group acquires 21 acres in Whitefield, Bengaluru for Residential Development. Project worth Rs 4,500 crore, led by Venkat K Narayana. Sales to strengthen, launch in 3 quarters. Partnered with ADIA, Kotak.
The raised capital, a quasi-debt instrument, will be utilized to capitalize on growth opportunities in the residential sector by developing projects with a gross development value (GDV) of Rs 18,000 crore, spread across four major cities in India.