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Buys the Mumbai-based group’s stakes in Prestige (BKC) Realtors Private Ltd, which is constructing an office property in Bandra-Kurla Complex, and Turf Estate Joint Venture LLP, which is building Grade A office space in the Mahalakshmi area.
The company plans to generate a rental income of Rs 800-1,200 crore just from Bengaluru within five years. The idea is to develop about 40 msf of office space, across six cities, with an annual rental yield of Rs 3,000 crore within five years, says CEO Juggy Marwaha
The apartments with a carpet area of 1,250 square feet (sq ft) are on 10 floors with 12 apartments on each floor. The complex has 132 parking slots with two EV charging units.