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Prestige Group to sign up for prime office project deals in Mumbai

Thursday, 18 Jul 2019

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Bengaluru-based Prestige Group is close to signing a joint development agreement for two office projects in Mumbai, Maharashtra. The project will span over four million sq ft.

The company is in talks with DB Realty to enter into a joint development pact for two of the latter’s upcoming projects in the city. While the project at Bandra-Kurla Complex (BKC) is entirely new, it will also help develop an under-construction residential project, Turf View, at Mahalakshmi in south Mumbai.

Both companies are planning to convert the second project into an office building. Mumbai-based DB Realty has been looking for partnerships with other developers to jointly develop some of its projects or land in the city.