Prestige Estates acquires 100% partnership interest in Aspire Spaces Tellapur LLP

Prestige Estates Projects through its wholly owned subsidiaries has acquired 100% partnership interest in Aspire Spaces Tellapur LLP. With this acquisition, the Aspire Spaces Tellapur LLP has become wholly owned step-down subsidiary of the company. The acquisition is aimed at developing residential project in Tellapur, Hyderabad with total saleable area of around 10 million square feet. The company’s subsidiaries have contributed Rs 1 million towards the fixed capital of the LLP for acquiring 100% partnership interest. Prestige Estates Projects is the flagship company of the Prestige Group. 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.