Prestige Estates enters into agreement with Mysore Projects

22 Oct 2020 Evaluate

Prestige Estates Projects has entered into a Limited Liability Partnership agreement (LLP) with Mysore Projects, a wholly-owned subsidiary of Brigade Enterprises in Prestige OMR Ventures LLP. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old Madras Road (OMR) in Bengaluru.

Prestige Estates and Mysore Projects are the partners in Prestige OMR Ventures LLP in the ratio of 70 percent and 30 percent, respectively. Both the partners will make equity investments as well as raise debt to develop this premium commercial project.

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.

Prestige EstatesProj Share Price

1177.50 -12.40 (-1.04%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
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