Bengaluru-based listed real estate firm Prestige Estates Projects Ltd is planning to launch projects across Delhi, NCR, Bengaluru, Hyderabad, Chennai, Mumbai and Goa this year. The company also intends to get into the senior living segment, said Irfan Razack, Chairman and Managing Director, on the sidelines of the 21st CREDAI Natcon (The Confederation of Real Estate Developers Association of India’s National Convention) that recently concluded at Sharm El-Sheikh, in Egypt.
The company plans to develop a luxury housing project in Central Delhi in partnership with a Delhi-based company TDI and is also scouting for more land in Delhi-NCR to develop more housing projects. “If something comes which is viable, we will definitely do it,” he said. KG Marg Project “We have taken one very high-end residential development in KG Marg, Delhi. It’s a JDA (joint development agreement) with TDI. We have just done the initial term sheet and have also made the initial payment to Indiabulls to clear some debt,” Razack said. The land size in KG Marg is about an acre, he said.
