Business Wire

The Prestige Group inaugurates 8 developments, handing over a whopping 1673 residences in total to happy customers

| Updated on January 19, 2018 Published on February 17, 2016
Business Wire India
Developments include:
  • Prestige Garden Bay
  • Prestige Glenwood
  • Prestige Silversun
  • Prestige Sunnyside
  • Prestige Silver Crest
  • Prestige Tech Vista
  • Prestige Park View
  • Prestige White Meadows

The real estate industry in India has only in recent years begun to be considered an organized sector. Through a few big players who have managed to change the face of this business, today real estate has grown into a booming industry with the ability to turn the uncertain economy around and also contribute towards the GDP of the country. In addition, the real estate industry is one of the strongest drivers of employment in the country today.

A home is one of the most important assets that a person invests in during their lifetime. The divide between the salary levels of working professionals in India and their counterparts in more developed countries has narrowed in recent years, resulting in an increasing number of young Indians being able to afford a house very early in their career. Another strong reason for this is the easy availability of housing finance. With this trend, the typical homebuyer has also become increasingly aspirational about the kind of home they invest in. However, in a country burgeoning with developers, they also need to decide who they can trust with possibly the most significant investment of their lives.

It is no secret that Prestige Residences have been synonymous with value for over two decades now and the thousands of proud Prestige home-owners today can vouch for the company’s steadfast commitment to setting standards in design, quality and more importantly ‘Value for Money’. The company is one of the prime movers in the mid-segment to premium and luxury real estate space. Today, homebuyers aspire to buy Prestige homes, given that brand ‘Prestige’ has gained the reputation of being one of the most trusted and aspirational brands in the country. In a milestone event for the company, the Prestige Group, India’s second largest developers handed over 1673 residences in total to satisfied Prestige customers .

Commenting on this momentous occasion, Mr. Irfan Razack – CMD, Prestige Group said, “With 192 completed developments now behind us, totalling 64.12million s.ft. , Prestige stands tall in the real estate firmament as the name to be counted on for delivery. Our heartfelt gratitude to all our associates, partners, and well-wishers, whose support has been responsible for our success. Last year was dedicated to the completion of 20 odd projects covering 7000+ apartments, amounting to around 17 mn s.ft. of space overall. It was a very fruitful year as we started handing over apartments in Bangalore, Chennai and Mangalore. With these inaugurations, we move one step closer to achieving our target of all handovers by FY 2015-16, which will be a major milestone for the company.

2016 will also see us focusing on several new launches in different parts of Bangalore as well as in Chennai and Mangalore. We are launching 2-3 large-scale IT developments in Bangalore. Simultaneously, the Prestige Group is also in the process of expanding their footprint nationally with the finalization of a piece of land in Pune for an IT Park .”

About the properties

A signature of all Prestige developments, each of these residential properties come with walkways, sprawling greenery, extensive landscaping and a state of the art Clubhouse replete with all amenities that are de rigeur for a modern lifestyle .

Prestige Garden Bay

Spread across 6.2 acres in Yelahanka , Prestige Garden Bay presents an intimate and elegant community of townhouses spacious duplexes with private gardens and commodious 3-bedroom homes , set amidst sprawling landscaped verdure and replete with all amenities. The development comprises of 184 residences across 8 blocks.

Prestige Glenwood

Set amidst 14 acres of vast, delightfully landscaped open areas, lush gardens and cobbled pathways at Budigere Cross, off Old Madras Road , Prestige Glenwood presents a quiet, picture-perfect community of 116 twin houses and independent villas . Ideally located, the conveniences of the city and the airport are just a short drive away.

Prestige Silversun

Located on the fringes of Bangalore’s IT Corridor, just off Sarjapur Road , Prestige Silversun presents an elegant enclave of 2 & 3 -bedroom apartments , with 102 residences in total.

Prestige Sunnyside

Spread across 7.37 acres and located off the Sarjapur Marathahalli Ring Road , Prestige Sunnyside comprises of 2, 3 and 4-bedroom apartments in 5 towers of 18 & 10 floors each.

Prestige Silver Crest

Located just off the Sarjapur Marathahalli Ring Road , Prestige Silver Crest is ideally located close to major IT/ITES establishments and strong social infrastructure, thus providing the opportunity for a perfect work-life balance. It comprises of 122 2 and 3-bedroom residences .

Prestige Tech Vista

One of the most arresting sights on the Marthahalli-Sarjapur Ring Road is the magnificent sprawling expanse of Prestige Technology Park. Ever since it came up a few years ago, it has been the definitive edifice of its class in what is today referred to as the city’s IT corridor. Prestige Tech Vista presents a warm, intimate and absolutely exclusive enclave of exquisite town houses located in the heart of the Prestige Technology Park . With a limited collection of 30 exclusive residences between 3,980 to 4,307 S.ft. , Prestige Tech Vista offers the unbeatable combination of a prime location and a totally tranquil atmosphere.

Prestige Park View

Located at Hope Farm in Whitefield , close to Forum Value Mall, Prestige Park View comprises of 376, 2 and 3-bedroom apartments in two towers of 15 and 19 floors . A secure neighbourhood by itself, this property gives one an opportunity to lead a life of elegant ease in the company of like-minded people.

Prestige White Meadows

Considered as one of the Prestige Group’s most luxurious offerings and located in Whitefield , the IT hub of the city, Prestige White Meadows comprises of 287 Sky Villas in high-rise towers apart from 61 Independent Bungalows set in scenic grounds . The Independent Bungalows , ranging across 5576 – 6219 S.ft . are 3 storied edifices set in a scenic streetscape. The Residential Towers offer a choice of Single Level, Duplex, Triplex and Pent House with areas ranging between 4041 – 12066 S.ft . Homes are designed as Villas in the Sky’, effectively combining the twin benefits of undisturbed privacy and high-rise splendor. This experience is further enhanced in the Triplex homes, located on the upper 3 levels of the towers, accompanied by floating’ swimming pools. The triplex units have indoor pools and a separate kitchenette/bar. Residences in two towers and all the villas are being handed over now. The balance will be completed and handed over in the next few months.

Luxury amenities include:
  • Jacuzzis in master bathrooms
  • Separate gym room with a Jacuzzi and steam shower
  • Walk-in wardrobes
  • Home automation systems and fully-fitted kitchens

Photo Caption: From L-R - Mr. Irfan Razack - CMD, Prestige Group inaugurates Prestige White Meadows (PWM), Whitefield along with PWM proud home-owners, Mrs. Rakhi Roy and Mr. Debashish Roy

(Attn.editors: The above press release comes to you under an arrangement with Business Wire India. THE HINDU takes no Editorial responsibility for the same.)

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Published on February 17, 2016
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