Mumbai, Sept. 2 -- Prime Group plans to invest Rs 15 billion (bn) in Bihar's real estate sector over the next four quarters, marking a major entry into the state's property market. The proposed capital deployment forms the first significant phase of the group's expansion in the region. The group intends to build a sizeable development portfolio in Bihar as it looks to scale operations.
The group plans a five million (mn) sq ft development pipeline that will include residential and mixed-use projects across the state. The company will deploy the proposed capital across these segments and pursue opportunities in key urban centres. Its broader development ecosystem currently spans Mumbai, Bengaluru, Kolkata and Ranchi and the group aims to deepen its footprint in Bihar.
Prime Group is reported to maintain a zero debt balance sheet, providing financial flexibility as it advances the development pipeline. The group has brought on strategic investors from the Middle East alongside overseas architects and specialist consultants to support upcoming projects. Details of these strategic tie-ups are expected to be announced in due course.
Company executives said the investment underlines confidence in Bihar's growth prospects and signals intent to scale the pipeline over coming quarters. The firm is evaluating multiple development opportunities across the state and will announce new projects and partnerships progressively. The announcement originates from brand-driven content and readers are advised to verify details independently.
The planned developments will focus on delivering residential inventory and integrated neighbourhoods that address urban housing requirements while enabling mixed-use activity. The group intends to leverage its partnerships to accelerate design and delivery timelines and to align projects with local regulatory frameworks and market demand. Industry observers have highlighted that large-scale pipelines typically support construction-related employment and ancillary services during implementation.
Published by HT Digital Content Services with permission from Construction World.