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Edelweiss: DB Realty had initially planned to develop a 125-storey luxury hotel on the plot. The plan was later modified in favour of a luxury residential project with two towers, which remained a non-starter.
Further expanding its presence in Mumbais luxury space, the Prestige Group is planning to develop two luxury residential towers on this plot overlooking the Queens necklace and the Arabian sea.
Read more about Prestige Estate gallops after robust Q4 performance on Business Standard. Prestige Estates Projects surged 6.42% to Rs 310 after the company's consolidated net profit zoomed to Rs 1,350.50 crore as against net profit of Rs 51.10 crore reported in the same period last year.