by Mr. Irfan Razack, CMD, Prestige Group
2013 has been a year
of contradictions. The general outlook, supported by media reports, has been
predominantly negative with the economy following a downward trend and
inflation and interest being on the rise.
However, despite all
the pessimism, I am happy to say that the real estate market fared exceedingly
well in Bangalore and across South India this year.
Prices have been in
line with inflation and the market has seen good momentum in sales and leasing.
2014 is an election
year & will be accompanied with
manyl distractions. The central government machinery will be focused more on
the ongoing elections, which in turn is likely to slow down the files
application & approval process till the elections are over.
 |
| Irfan Razack MD Prestige Group |
I believe that the
second half of 2014 is when business activity will kick-start vigorously.
A significant
milestone in 2014 will be the launch of Prestige Lakeside Habitat in Varthur.
This is the largest development by the company till date, in terms of acreage
and the total number of residences & is a township development comprising
of both villas & apartments.
The unique feature of
this development is that it is the first development in South India to be
co-branded by Disney & will feature Disney-inspired residences.
The pre-launch in
2013 has met with tremendous response and we are eagerly working towards the
launch of the development in January 2014.
Finally, 2013 has
been a fabulous year for the Prestige Group, replete with multiple milestones
and we enter the brand New Year, wishing all our patrons and friends a
wonderful and prosperous year ahead.
Corporate Office
Prestige Estates Projects Ltd.
The Falcon House,
No. 1, Main Guard Cross Road,
Bangalore - 560 001. Tele: +91 80 25591080
Fax no: +91 80 25591945
Branch Offices
Chennai
Prestige Estates Projects Ltd.
Citi Towers, 7th Floor,
117, Thiagaraja Road,
T. Nagar,
Chennai - 600 017.Teel: +91 44 2815 4088
HyderabadPrestige Estates Projects Ltd. - Hyderabad
Level 1, Merchant Towers
Banjara Hills, Road No.4,
Hyderabad - 500 034. Tele: +91 40 23351440, +91 40 23351441
Fax: +91 40 23351442
Kochi
Prestige Estates Projects Ltd. - Kochi
Unit No. 32, Bay Pride Mall,
Marine Drive,
Kochi - 682 031. Tele: +91 484 4030000, +91 484 4025555
Fax: +91 80 25591945
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