Prestige Estates Projects enters into deal with HDFC Capital Advisors to form affordable housing segment

india-south-korea-sign-10-billion-funding-agreement-for-infra-projectsBy Accommodation Times Bureau

MUMBAI

The Prestige Estates Projects has entered into an agreement with HDFC Capital Advisors to expand its business and to support affordable housing  segment, the company release stated.

This real estate platform will have a capital of Rs 25 billion and will be a blend of equity and debt.

The release said that “The primary focus of this platform will be on expanding the builder’s residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid-income segment.”

Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes.

It has also extended its expertise to major cities across South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore and Goa.

 

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