Prestige Group signs strategic deal worth Rs 2,001 crore with ABIF & Authority and Kotak AIF

Irfan Razack, Chairman and Managing Director of Prestige Group, has recently announced their partnership with Abu Dhabi Investment Authority and Kotak AIF. They are ready to add new ventures to their proven track record with reputed partners. It promotes viable growth in the real estate of many cities.

It is a Rs 2,001 crore ideal deal reserved for the building of housing projects in prime spots of India. The main aim of the deal is to catalyze the initial building process of these housing projects. It ensures the venture's obligation to thrifty expansion and growth.

The Prestige Group Director also declared that this deal is not just to highlight the trust of the potential investors and buyers in Prestige Group’s operation and corporate governance; rather, it also reflects their passion for delivering distinct real estate projects across India.

Venkat K Narayana, Chief Executive Officer of this firm, informed the press of the increasing demand and coalition in the real estate market. He confirmed that this deal would help to rev the growth of housing projects across the prime cities of Bangalore, Mumbai, Goa, and NCR. It has a total gross value of over Rs 18,000 c.

Prestige Group is an eminent leader in the real estate market with an emerging firm model. It caters to various sectors like housing, retail, IT, hotels, and more. It is operating in more than 12 major cities of the nation. The builder has completed 300 projects that span a built area of 188 mn sqft.

Raintree Park is a new launch lakefront towship project by the Prestige Group. Its total land area is over 100 acres, with 28 acres of housing space. It includes 1368 flats spread across 18 towers. Each tower has 2B + G, along with 19 floors.

The project offers units in various layouts like 3, 3.5, 4.5, and 5.5 bhk. It includes both housing and retail spaces along with huge open or green spaces. The flats rate starts from ₹2.9 Cr for 2000 to 2200 sq.ft., up to ₹5 Cr for 3500+ sq ft.