Acquisitions18 Feb 2026, 06:01 pm
Prestige Estates Projects Acquires 100% Partnership Interest in Aspire Spaces Tellapur LLP
AI Summary
Prestige Estates Projects Ltd has acquired 100% partnership interest in Aspire Spaces Tellapur LLP, a Limited Liability Partnership incorporated on July 26, 2024. The LLP is into the business of real estate development and has now become a wholly owned step-down subsidiary of the Company. The acquisition was completed on February 18, 2026, for a cash consideration of Rs. 1 Million. The LLP has a total saleable area of 10 million square feet for a residential project in Tellapur, Hyderabad.
Key Highlights
- Prestige Estates Projects Ltd acquires 100% partnership interest in Aspire Spaces Tellapur LLP
- Aspire Spaces Tellapur LLP is a Limited Liability Partnership incorporated on July 26, 2024, and is into the business of real estate development
- The acquisition was completed on February 18, 2026, for a cash consideration of Rs. 1 Million
- The LLP has a total saleable area of 10 million square feet for a residential project in Tellapur, Hyderabad
- Aspire Spaces Tellapur LLP is now a wholly owned step-down subsidiary of Prestige Estates Projects Ltd