Prestige raises Rs 2,001 cr from ADIA, Kotak AIF for housing projects

02 Apr 2024 CW Team

Prestige Group, a leading real estate developer, has successfully secured an investment of Rs 2,001 crore from the Abu Dhabi Investment Authority (ADIA) and Kotak India Real Estate Fund. This substantial investment aims to fuel the development of housing projects across four major cities in India.

The infusion of funds underscores the confidence of prominent investors in the potential of the Indian real estate market and the credibility of Prestige Group as a reliable player in the industry. The collaboration between Prestige Group, ADIA, and Kotak India Real Estate Fund is expected to invigorate the housing sector, particularly in Bangalore, Hyderabad, Chennai, and Mangalore.

Prestige Group has a strong track record of delivering high-quality residential and commercial projects, making it a preferred choice among homebuyers and investors alike. The infusion of capital from ADIA and Kotak India Real Estate Fund will further strengthen Prestige Group's ability to innovate and deliver world-class properties that meet the evolving needs of consumers.

This investment comes at a crucial time when the real estate sector is witnessing a gradual recovery from the impact of the COVID-19 pandemic. It is poised to accelerate the pace of development and contribute to the overall growth of the housing market in India.

The collaboration between Prestige Group, ADIA, and Kotak India Real Estate Fund exemplifies the importance of strategic partnerships in driving sustainable development and unlocking new opportunities in the real estate sector. With this significant investment, Prestige Group is well-positioned to continue its legacy of excellence and deliver exceptional value to its customers while contributing to the economic progress of the country.

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..