Prestige Group has entered into a strategic deal worth Rs 2,001 crore with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF.

Economy Business

Prestige Group has entered into a strategic deal worth Rs 2,001 crore with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF. The deal is dedicated towards the development of residential projects in prominent locations across 4 cities in India. The deal is aimed at catalysing the development of early-stage residential projects, ensuring the company’s commitment to prudent expansion and diversified growth. Given the increasing demand and consolidation in the sector, this deal will help in accelerating growth and expansion. These funds will fuel the development of greenfield residential projects across the cities of Bengaluru, Mumbai, Goa, and NCR with a combined Gross Development Value (GDV) of over Rs 18,000 crore, contributing significantly to the top line.


     

     

     

 

     


Prestige Group

Founded- 1986; HQ- Bengaluru
Founder- Razack Sattar
          ____________________________