Joint Venture9 May 2025, 05:21 pm
Prestige Estates Projects Ltd Teams Up with Arihant Foundations for Real Estate Development in Chennai
AI Summary
Prestige Estates Projects Limited has signed a Framework Agreement with Arihant Foundations and Housing Limited to collaborate and jointly develop real estate projects in Chennai. The partnership aims to explore opportunities across all classes of real estate, including Residential, Office, Retail and Hospitality Developments. The two companies will leverage their respective strengths and brand to deliver high quality developments that cater to the evolving needs of the Chennai market.
Key Highlights
- Prestige Estates Projects Limited has entered into a strategic partnership with Arihant Foundations and Housing Limited for real estate development in Chennai.
- The partnership aims to explore opportunities across all classes of real estate, including Residential, Office, Retail and Hospitality Developments.
- The two companies will leverage their respective strengths and brand to deliver high quality developments.
- Arihant Foundations has 40 years of experience with real estate development of around 25 Mn sq ft.
- The partnership is expected to expand Prestige Estates Projects' business and develop high quality real estate projects.