India, Sept. 1 -- HT Syndication

Patna (Bihar) [India], September 1: Prime Group plans to invest around Rs 1,500 crore in Bihar's real estate market over the next four quarters, marking its mega entry into the state's property sector as it builds a sizeable development portfolio in the region.

The group plans a development pipeline of around 5 million sq ft and plans to deploy the proposed capital across residential and mixed-use developments in Bihar. The group's broader development ecosystem and business associations extend across markets including Mumbai, Bengaluru, Kolkata and Ranchi, as it now looks to deepen its development footprint in Bihar.

Prime Group currently has a zero-debt balance sheet, providing the group with financial...