Prestige Group Enters South Mumbai’s Uber Luxury Residential Segment
Prestige Group, country’s leading real estate developer with a portfolio of more than 305 delivered properties across 10 cities, has made a strong entry into the South Mumbai’s uber luxury segment with the extremely successful pre-launch of their iconic development, Prestige Ocean Towers. Located at Marine Lines with spectacular uninterrupted views of the Queen’s necklace and the Arabian Sea, Prestige Ocean Towers stands as an epitome of luxury living with just 169 canvas residences across two towers nestled in a sprawling 2-acre plot. Prestige Ocean Towers has a developable potential of 4.62 lac sq. ft carpet area with an estimated revenue potential of approximately 4,100 Cr. Out of these, Prestige Group pre-launched 75 residences with a potential of 1700 Cr and has sold more than 70% of the pre-launched residences even before the official opening of the experience centre and show apartment. The company said that the tremendous response reflects the trust in the brand and the strength of the product which is a Norman Foster architecture marvel designed along with Architect Hafeez Contractor. Partnering with HBA London, the development offers exemplary finishes, state of the art modern amenities and an unparalleled living experience. Every detail of this development has been meticulously curated to cater to the discerning tastes of those who seek the finest in life. Commenting on the launch, Irfan Razack, CMD, Prestige Group said, “This will be one of the most iconic luxury developments in the country and we would like to thank our customers, partners, stakeholders and well-wishers for the constant support and trust in us. This encourages us to launch the remaining inventory at Prestige Ocean Towers sooner than we anticipated.” Commenting on the launch, Tariq Ahmed, CEO, West, Prestige Group said, “We are thrilled to unveil another magnificent edifice with this launch, a testament to Prestige Group’s unwavering commitment to crafting spaces that redefine living. This property embodies opulence, serenity and an unparalleled living experience in Mumbai, as we bring legacy of excellence to the city of dreams, creating homes that resonates with elegance.” Prestige Group entered Mumbai just two years back and has already sold close to 6,000 Cr worth of inventory across Prestige City in Mulund, Prestige Jasdan Classic in Mahalaxmi, Prestige Daffodils in Bandra and Prestige Ocean Towers in Marine Lines. The group plans to add more prime land parcels to their Mumbai residential portfolio in addition to their existing commercial portfolio in BKC and Mahalaxmi.
Tags : Prestige Group Tariq Ahmed Prestige City in Mulund Prestige Jasdan Classic Prestige Ocean Towers Architect Hafeez Contractor.