Prestige Group Strikes Residential Deal with ADIA and Kotak AIF

03 Apr 2024 CW Team

Prestige Group, a leading real estate developer, has entered into its inaugural residential platform deal with Abu Dhabi Investment Authority (ADIA) and Kotak Investment Advisors Limited (KIAL) - Real Estate. This collaboration marks a significant milestone for Prestige Group and underscores its strategic expansion into the residential segment.

Under the terms of the agreement, ADIA and Kotak AIF will collectively invest Rs 32 billion ($430 million) into the residential platform. This infusion of capital is aimed at accelerating the development of Prestige Group's residential projects across key markets in India, including Bengaluru, Chennai, and Hyderabad.

The partnership with ADIA and Kotak AIF reflects Prestige Group's commitment to leveraging institutional investments to fuel its growth trajectory in the residential real estate sector. By joining forces with reputed financial entities, Prestige Group aims to enhance its capabilities in delivering high-quality residential developments that meet the evolving demands of homebuyers.

The residential platform deal also signifies the confidence of institutional investors in the long-term potential of India's residential real estate market. Despite recent challenges, such as the COVID-19 pandemic, the sector continues to attract significant investment interest due to its intrinsic value and growth prospects.

The collaboration between Prestige Group, ADIA, and Kotak AIF exemplifies a strategic alignment of interests aimed at creating value for all stakeholders involved. As the partnership progresses, stakeholders anticipate the emergence of innovative residential offerings that cater to diverse segments of the market, further solidifying Prestige Group's position as a leading player in India's real estate landscape.

Real Estate

11 May 2026

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..

Stans Arize Sells Rs 1 Billion Homes in One Week

The Mandate House has recorded sales of 111 residential units worth over Rs 1 billion within one week of the launch of Stans Arize, a residential development by Stans Buildtech in Jogeshwari (East), Mumbai.The Mandate House, appointed as the exclusive sales partner for the project, managed the end-to-end sales and marketing strategy for the launch.Located at Janata Colony, Gandhi Nagar, Stans Arize is a 23-storey residential tower comprising one and two-bedroom apartments. The project includes amenities such as a swimming pool, fitness centre, jogging track, yoga and meditation area, moss gard..

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..