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Prestige Estates Projects to pump Rs 500 cr in first housing project in NCR

Monday, 16 Sep 2019
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Realty firm Prestige Estates Projects is about to launch its first housing project in Noida, Uttar Pradesh.

The company is foraying into the Delhi-NCR market and has tied up with local developer Ace Group to launch its housing project with an investment of around Rs 500 crore. The company has formed a joint venture (JV) with Ace Group to develop this mid-income housing project.

The total development potential in the upcoming project is estimated at around two million sq ft, comprising over 1,000 units. The construction cost will be met largely through sales and advances from customers. Prestige Estates Projects intends to launch the project in 2019.

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