Prime Group plans to invest around ₹1,500 crore in Bihar’s real estate market over the next four quarters, marking its major entry into the state’s property sector. The group aims to build a sizeable development portfolio in the region as it expands its presence across India.
As part of the expansion, Prime Group plans to develop a pipeline of around 5 million sq ft and deploy the proposed capital across residential and mixed-use projects in Bihar. Meanwhile, the group’s broader development ecosystem and business associations span markets such as Mumbai, Bengaluru, Kolkata, and Ranchi, and it now plans to deepen its development footprint in Bihar.
Prime Group currently maintains a zero-debt balance sheet, which provides the group with greater financial flexibility as it scales its development pipeline across the state. Consequently, the company can pursue new development opportunities while maintaining a strong financial position.
Furthermore, the group has onboarded strategic investors from the Middle East, overseas architects, and specialist consultants for its upcoming developments. Prime Group expects to announce details of these strategic partnerships in due course.
The proposed investment represents the first major phase of Prime Group’s expansion in Bihar. At the same time, the company continues to evaluate multiple development opportunities across the state as it works to expand its project portfolio.
Going forward, the group plans to scale its development pipeline over the coming quarters. Additionally, Prime Group expects to progressively announce details of new real estate projects and strategic partnerships as it strengthens its presence in Bihar.
