Prestige Estates Projects through its wholly owned subsidiary Prestige Exora Business Parks has entered into Securities Subscription agreement and Share Holders agreement with WS Industries (India) and WSI Falcon Infra Projects (formerly known as WS Insulators) for development of IT/IT enabled services/parks in 6.53 acres of immovable property at No.108, Mount Poonamallee Road, Porur, Chennai. The consummation of the agreement is subject to completion of conditions precedent and receipt of all necessary approvals.
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.