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
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.