Prestige Estates buys 22,135 sqm land in Mumbai for Rs 291.6 crore

2 hours ago 1

Realty steadfast Prestige Estates has acquired 22,135 quadrate metre onshore successful Mumbai for Rs 291.58 crore to make a lodging project.

In a regulatory filing, DLF said the institution has acquired 22,135 quadrate metre onshore -- wrong the jurisdiction of Mira Bhayandar Municipal Corporation, Mumbai, adjacent to occidental explicit road -- unneurotic with each rights.

The acquired onshore volition beryllium planned for residential improvement spanning astir 1 cardinal sq ft carpet area.

The outgo of acquisition is astir Rs 291.58 crore.

Prestige Group Chairman and Managing Director Irfan Razack said, "We are thrilled to denote the enlargement of our beingness successful Mumbai with the acquisition of this onshore parcel unneurotic with each rights." "This development, with a projected 1 cardinal quadrate feet of carpet area, underscores our committedness to strengthening our footprint successful the Mumbai portion and gathering the evolving demands of modern municipality living," helium added.

Bengaluru-based Prestige Estates is 1 of the starring existent property developers successful the country.

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