Categories: Investments

Prestige Estates enters into Rs 2500 crore platform Bargain with HDFC

Mumbai, February 09, 2018: Realty Major, Prestige Estates Projects (PEPL), stated it has entered into a strategic venture with HDFC Capital Advisors for bettering its own business from the Mid-Income /Affordable Housing business.

This committed property platform will have a funds to the tune of Rs 2500 crore, which will be a mix of debt and equity.

The Main focus will be on expanding Prestige’s residential company by identifying tactical land parcels together with the possibility of developing large-scale home jobs in the mid-income segment.

Our institution with Prestige Group will be to create affordable houses and cater the mostly unmet requirement in mid revenue section.

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Tags: Affordable Housing businessHDFCMid-IncomePEPLPrestige GroupThepropertytimes.in
9 years ago

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