Prestige Estates Subsidiary Acquires 4.5 Acres in Pune for Rs 2 Billion+
Prestige Exora Business Parks, a subsidiary of real estate developer Prestige Estates Projects, has acquired development rights and a 4.5-acre land parcel in Pune for over Rs 2 billion.
Real EstatePrestige EstatesPunePrestige Exora Business ParksLand AcquisitionReal Estate PuneSep 12, 2024
The acquisition is a strategic move by the company to expand its presence in the Pune market. The 4.5-acre land parcel is located in a prime area of Pune and has tremendous potential for development.
Prestige Estates Projects is a leading real estate developer in India with a strong presence in several cities including Bangalore, Chennai, Hyderabad, and Pune. The company has a diverse portfolio of projects including residential, commercial, and retail spaces.
The acquisition of the 4.5-acre land parcel in Pune is expected to further strengthen the company's presence in the city and provide a boost to its business.
Prestige Estates Projects is a leading real estate developer in India with a strong presence in several cities including Bangalore, Chennai, Hyderabad, and Pune. The company was founded in 1986 and has since become one of the most respected and trusted names in the Indian real estate industry.
Prestige Estates Projects is a leading real estate developer in India with a strong presence in several cities including Bangalore, Chennai, Hyderabad, and Pune. The company has a diverse portfolio of projects including residential, commercial, and retail spaces.
Frequently Asked Questions
Who has acquired the 4.5-acre land parcel in Pune?
Prestige Exora Business Parks, a subsidiary of Prestige Estates Projects, has acquired the 4.5-acre land parcel in Pune.
What is the value of the acquisition?
The acquisition is valued at over Rs 2 billion.
Where is the 4.5-acre land parcel located?
The 4.5-acre land parcel is located in a prime area of Pune.
What is the business strategy behind the acquisition?
The acquisition is a strategic move by the company to expand its presence in the Pune market.
What is the portfolio of projects of Prestige Estates Projects?
Prestige Estates Projects has a diverse portfolio of projects including residential, commercial, and retail spaces.
Related News Articles
City Living: A Pune Couple's Experience in Mumbai's Bustling Metropolis
Meet Nikita and Pavan, a Pune couple who left their hometown for Mumbai's vibrant lifestyle and sea views. Read about their experience living in a 1BHK apartment in Mumbai
Ahmedabad's Residential Market Sees Promising Trends: 8% Decline in Inventory and Steady Sales
Ahmedabad's residential market witnesses a significant 8% decline in inventory levels in H1 2024, with over 17,360 new units launched and 22,850 units sold
Carlyle Partners with North Bridge to Provide Up to $1 Billion for Commercial Property Financing
Latham & Watkins advises North Bridge in strategic partnership with Carlyle to provide up to $1 billion for commercial property assessed clean energy (C-PACE) loans.
Maharashtra Builders Mandated to Install Waterproof Telecom Centres in Buildings
The Maharashtra government has introduced a new regulation requiring builders to install waterproof telecom centres in all new construction projects. This move aims to enhance the reliability and longevity of communication infrastructure in the state.
Hyderabad Real Estate Market: Booming with New Projects and Increased Homebuyer Interest
The real estate market in Hyderabad is experiencing a significant surge, with 43% of the 58,540 sold units in 2024 being new launches.
Blackstone to Expand Credit and Infrastructure Businesses in India
Blackstone Group Inc, the US-based investment firm, is set to expand its credit and infrastructure verticals in India, complementing its existing private equity and real estate businesses.