Indian real estate developer Prestige Estates Projects (PREG.NS) has signed a 20.01 billion rupee (about $240 million) deal with the Abu Dhabi Investment Authority and Kotak Alternate Investment Fund to develop residential projects in the country. The deal aims to develop residential projects in prominent locations across the Indian cities of Bengaluru, Mumbai, Goa, and the National Capital Region, with a combined gross development value of over 180 billion rupees ($2.16 billion), according to Prestige. The company’s shares rose nearly 5% following the announcement.