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Prestige Estates Projects inks pact to acquire 50% stake in Advent Convention and Hotels International
Jul-04-2026

Prestige Estates Projects has entered into an investment agreement to acquire 50% stake in Advent Convention and Hotels International. The objective of acquisition is to develop a commercial project on lands admeasuring to 21,978.22 square meter located at Sahar, Village - Andheri, Mumbai Suburban District. The Project entails a total leasable area of around 1.50 million square feet and has a Gross Development Value of around Rs 4,500 crore. The company will infuse an amount of up to Rs 504 crore for the acquisition.

Advent Convention and Hotels International is undertaking development of a commercial project in Mumbai.

Prestige Estates Projects, a flagship company of the Prestige Group, 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.


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