Prestige Estate Projects has received an approval for entering into Platform Deal (Framework Agreement) for an arrangement between the company and HDFC Capital Advisors, a 100% subsidiary of HDFC, (through its investment funds), for taking up real estate developments across various geographies in the affordable/ mid-income housing segments through a mix of equity and debt funding. The total corpus of the Platform is approximately Rs 2,500 crore. The board of directors at its meeting held on February 7, 2018 approved the same.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
