Affordable Housing
In an encouraging development in Affordable Housing segment, Bengaluru-based builder Prestige Estates Projects has entered into a strategic partnership with HDFC Capital Advisors to support its business in the mid-Income and affordable housing segments, said official sources. The dedicated real estate platform will have a capital to the tune of Rs.2,500 crore, which will be combination of equity and debt. The primary focus of this platform will be on expanding the builder's residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid- income segment.