Indian realty firm Prestige top contender for debt-ridden rival Ariisto

Indian realty firm Prestige top contender for debt-ridden rival Ariisto

Residential and commercial buildings stand in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Real estate firm Prestige Group has emerged as the top contender to take over debt-ridden Ariisto Developers, which is currently under insolvency proceedings, with both lenders and homebuyers approving the resolution plan submitted by the Bengaluru-based company, said two people aware of the matter.

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