Prestige, HDFC Capital set up Rs 2,500 crore residential platform

Bangalore-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 segment, the company said in a release.

This dedicated real estate platform will have a capital to the tune of Rs 2,500 crores, 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.