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Merits of investing in upcoming plotted development of prestige group

Author: Venki Venki
by Venki Venki
Posted: Jun 26, 2022

godrejsplendourPrestige Group, founded in 1986 by CMD Irfan Razack and marshaled by his brothers Rezwan Razack and Noaman Razack has firmly established itself as one of the most successful real estate developers in India.

It has left an ever lasting impression across all asset classes and entrenched itself as the leader across the real estate sector in India. The group’s turnover according to the financial year 2015 was approximately Rs 3518 Crores. The Prestige Group has successfully accomplished 247 projects covering an area of over 134 million sqft. Currently there are 45 ongoing projects covering an area of over 53 million sqft, and holds a land bank of 262 acres with potential developable area of 27 million sqft. As of June 2020, the market capital of the company was Rs 84,021 Mn. The Prestige Group exclusively boasts of a wide portfolio covering residential, commercial, retail, leisure and hospitality sectors across South India. It has expanded its proficiency across major cities of South India like Chennai, Bengaluru, Hyderabad, Kochi, Mysore and many more. It has given cities with large townships, tech parks, hotels, luxury villas, SEZs, malls in the name of ‘The Forum’ which has left an unprecedented and remarkable impression amongst the people of that cities. Prestige Polygon, Prestige Cyber Towers, Prestige Palladium have received immense response from the people.

About Bangalore

Bengaluru, or the erstwhile Bangalore, is the capital of Karnataka state and is considered the Information Technology (IT) capital of India. The city attracts a large immigrant workforce because of its excellent weather and employment opportunities. Earlier it was known as the Garden City due to its greenery and wide streets. Now it has become famous as Silicon City because of a large number of IT companies based here.

Infrastructure

The Kempe Gowda International airport of Bangalore is the third busiest airport in the country for passenger traffic. This airport was newly built in 2008, spread over 4000 acres, and runs entirely on solar power. It is located 30 km north of Bangalore city and finds its place among the top airports globally.

The city has four railway stations and a rapid transit system. Overall, the transportation system is well-organized. It has a vast network of airconditioned Volvo buses and Taxis. The underground sewage system runs 215 km, ensuring water supply throughout the city. With many infrastructural projects in the pipeline, including the extension of the metro system, real estate prices have soared.

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Author: Venki Venki

Venki Venki

Member since: Jun 22, 2022
Published articles: 5

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