Prestige Estates’ arm acquires over 2 acres of land in Mumbai's Mulund for ₹110.75 crore
Prestige Mulund Realty Private Limited, a subsidiary of Bengaluru-based Prestige Estates, acquired 9,497 sq meters (over 2 acres) of factory land in Mumbai's Mulund for ₹110.75 crore. This acquisition, from Shamvik Glasstech and General Glass Company, is expected to expand the existing Prestige City Township, which spans over 30 acres and includes multiple high-rise towers. The deal includes a unique payment structure, with ₹80 crore paid upfront and the remaining ₹30 crore settled through apartments and parking spaces in the township.