Prestige Estates consolidating its office business as precursor to fundraising

Prestige Estates Projects Ltd, India’s third largest real estate developer by market capitalisation after DLF Ltd and Oberoi Realty, is in the process of consolidating its office business as a precursor to fundraising by bringing in an investor or going the real estate investment trust or REIT route. “We are in the process of doing segment differentiation across residential, office, retail and hospitality projects owned by the Prestige group into separate verticals as all of them have grown into a sizeable business,” said Irfan Razack, chairman of Prestige Group.

Read more: Economic Times