Prestige Estates to list its hotel arm this year financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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.