India, Aug. 29 -- Prime Group currently has a zero-debt balance sheet, providing the group with financial flexibility as it scales its development pipeline in the state.

The group has onboarded strategic investors from the Middle East, overseas architects and specialist consultants, for its upcoming developments. Details of these strategic tie-ups are expected to be announced in due course.

The investment forms the first major phase of Prime Group's expansion in Bihar, with the company evaluating multiple development opportunities across the state.

"Bihar is entering an important phase of real estate growth, and we see significant opportunity in the market. The Rs.1,500 crore investment marks the beginning of our expansion in the state...