Prestige Estates Projects Ltd entered a framework agreement with Valor Estate Ltd and its subsidiaries on May 28, 2025, to jointly develop a commercial project in Mumbai, covering an area of 21,978.22 sq. mts. with a total leasable area of approx. 1.50 million sq. ft. and a Gross Development Value of Rs. 4,500 Crores, each holding 50% interest.