Prestige Estates Projects Ltd, the Bengaluru-based real estate developer, has entered into a framework agreement with Chennai-based Arihant Foundations & Housing Ltd to collaborate and jointly develop real estate projects in Chennai.
The two companies will explore opportunities across various real estate segments, including residential, commercial, retail, and hospitality developments.
The projects will be undertaken on a joint venture basis, with both parties bringing their respective expertise, strengths, brand value, and market knowledge to deliver high-quality developments that cater to the evolving needs of the Chennai market, the companies said in a release.
