Business Daily from THE HINDU group of publications
Sunday, Jan 04, 2009
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Business Daily from THE HINDU group of publications Sunday, Jan 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Outlook Prestige Estates to focus on delivery, not new projects Our Bureau Bangalore, Jan. 3 The Bangalore-based real estate developers Prestige Estates Projects does not plan to launch projects in the first two quarters of 2009, and the focus will be on “delivery and customers” only, according to Mr Irfan Razack, Chairman and Managing Director, Prestige Group. On key projects to be completed this year, he said that Prestige Bougainvillea, a villa development in Whitefield, is slotted for this year. “We are targeting the completion and hand over of Prestige Wellington Park, Prestige Kensington Gardens, and Prestige Shantiniketan in the following year.” 2009 would be a cautious and stable year, “but likely to pick up in or after the second quarter,” he said. Of the year that has just gone by, he said it was buoyant, and added that the last quarter of 2008 has seen several speculators being filtered out and “thereby creating a genuine demand for property”. More Stories on : Outlook | Real Estate & Construction
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