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New Delhi: Prestige Estate Project has completed two acquisitions to gain full ownership of Prestige (BKC) Realtors And Turf Estate Joint Venture LLP by acquiring the remaining stake from db group,
“These are two important strategic acquisitions. We are confident that the increased stake will significantly
The value we bring to our annuity rental portfolio. Both the projects are under construction and are expected to be completed within the next 3-4 years,” said Mr. Venkat K Narayana, Group CEO Prestige Estate Project,
On May 29, 2023, the company, acting through its wholly owned subsidiary, Prestige Falcon Realty Ventures, entered into an agreement to increase its stake from 50% to 100% by acquiring the remaining securities of Prestige (BKC) Realtors. Did it db group and its subsidiaries for a consideration of Rs 978.70 crore.
Prestige (BKC) Realtors is developing a project with a potential GLA of 2.79 million sq ft of Grade A office space. MumbaiBandra Kurla Complex.
Prestige Falcon Realty Ventures also acquired the remaining 50% participating interest Turf Estate Joint Venture LLP 197.79 crore from DB Realty for Rs. Through this acquisition, Prestige Group Will now hold 100% participating interest in the LLP.
Turf Estate Joint Venture LLP is developing a project, known as The Prestige, with a potential GLA of 2.9 million sq ft of Grade A office space. MumbaiMahalakshmi area of
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