Valor Estate Limited announced that the Company, together with its wholly owned subsidiaries viz. Esteem Properties Private Limited ("Esteem") and Advent Hotels International Private Limited ("Advent") (Company, Esteem and Advent are collectively referred as "Valor Group") have entered into a framework agreement on 28th May, 2025 with Prestige Estates Projects Limited, ("Prestige Estates") to jointly develop the Property owned by Esteem on lands admeasuring in the aggregate 21,978.22 sq. mts.
lying and being at Sahar, Village - Andheri, Taluka - Andheri East, District - Mumbai Suburban District for commercial user by forming a Special Purpose Vehicle (SPV). VEL is a public limited company incorporated in India on January 8, 2007, under the provisions of the Companies Act, 1956. The equity shares of VEL are listed on the National Stock Exchange of India Limited and BSE Limited.
The registered office of VEL is located on the 7th Floor, Resham Bhavan, Veer Nariman Road, Churchgate, Mumbai - 400 020.
Prestige Estates Projects Limited is an India-based real estate developer. The Company is engaged in developing real estate projects across the residential, office, retail, leisure, rental, and hospitality segments. The Company has delivered approximately 300 real estate projects spanning 200 million square feet. Its project type includes Apartment, Plot and Villa. Its segments include Residential, Commercial, Retail, Hospitality, and Property Management. Its residential product line comprises townships, apartments, luxury villas, plotted developments, and golf course-oriented developments. Its Retail segment includes malls hosting international and domestic brands, attracting large crowds with a vibrant shopping experience. It builds and operates hotels by collaborating with various brands, such as JW Marriott, Sheraton Grand and Conrad by Hilton. Its projects include Prestige Kingfisher Towers, Prestige Leela Residences, Prestige Golfshire, Prestige Tech Park, Prestige Shantiniketan.
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