Prestige ties up with HDFC Capital Advisors for new projects
Bangalore-based Prestige Group founded in 1986,  one of the most successful developers of real estate in India with a turnover in excess of Rs 35.18 billion, has tied up with     HDFC Capital Advisors to set up Rs 25 billion residential…

Bangalore-based Prestige Group founded in 1986,  one of the most successful developers of real estate in India with a turnover in excess of Rs 35.18 billion, has tied up with     HDFC Capital Advisors to set up Rs 25 billion residential platform

This dedicated strategic partnership aims to support Prestige’s business in the mid-Income and affordable housing segment, the company said in a release.

This dedicated real estate platform’s Rs 25 billion capital will be a combination of equity and debt.

The primary focus of the alliance will be on expanding the builder’s residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid-income segment.

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