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Prestige Estates Projects forms JV with DB Group

Prestige Estates Projects has formed a joint venture with DB Group to develop a large hotel and convention centre project at Aero City in the national capital with an investment of Rs 2,000 crore. DB Group had acquired the development rights on the 7.70 acre land parcel in 2009 from Delhi International Airport (DIAL).

Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

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