[ecis2016.org] The Prestige Group has announced that it has inaugurated five residential and commercial properties in Bengaluru, spread across Promenade Road, Koramangala, Whitefield and Yelahanka
The Prestige Group has inaugurated four residential and one commercial property in Bengaluru. The projects are located in Promenade Road, Koramangala, Whitefield and Yelahanka.
Prestige Déjà Vu, at Promenade Road, will offer 40 apartments spread across 21 floors, with 3 and 4-bedroom apartments. Prestige Pine Wood, at Koramangala, spread over 2.5 acres, will consist of 256 premium apartments, in a combination of 2, 2.5, 3 and 4-bedroom units. It will include a clubhouse and modern amenities such as a mini theatre, banquet hall, gymnasium, billiards and table-tennis room, along with a swimming pool and a spa. Prestige Boulevard, at Whitefield, spread across 2.54 acres, will consist of 144 premium residences, in a combination of 2 and 3-bedroom units. Prestige Woodside will offer luxurious row houses, spread across 14 acres, in a village called Avalahalli, near Yelahanka. Prestige Cube, at Koramangala, will be a commercial development spanning 64,000 sq ft. The 2-storey building has been customised to suit WeWork’s unique design requirements.
Commenting on the latest launches, Irfan Razack, chairman and managing director, Prestige Group, said, “With the government assuring more credit support to developers and working on positive policy reforms, such as the Real Estate (Regulation and Development) Act, 2016 (RERA) and the Goods and Service Tax (GST), there is immense scope for development and investment opportunities for the real estate sector today. All our projects in Bengaluru and Hyderabad have garnered positive response. We are now looking at new launches in Mumbai and National Capital Region (NCR), as part of our strategy to enter new geographies in the residential, as well as office space. Prestige has multiple launches lined up this year, spanning close to 10 million sq ft across businesses.”
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