Prestige Group announces the successful launch of Prestige Park Drive in Bangalore!
In an attempt to strengthen their foothold in the southern market, and fulfilling the growing demand for real estate, Prestige Group, India’s leading developers and builders, announced the launch of Prestige Park Drive, their premium plotted development located close to Kempegowda International Airport in Bengaluru. Prestige Group has been leading from the front to get the real estate industry back on the growth trajectory, despite the challenges the pandemic produced. In spite of those hurdles, Prestige Group has been remarkably impacting the real estate industry with the highest ever sales of ₹ 20,260 Million during Q3FY21.
The latest development a joint venture between Prestige Group, and MRG Group, the – Prestige Park Drive is a meticulously planned plotted development of 468 plots spread over 28 acres. The development is a leading real estate and hospitality brand from Bengaluru. It offers the unbeatable advantage of a home close to work and short commute times, with several major IT parks and corporate campuses present or coming up in the vicinity. Prestige Park Drive’s master plan incorporates all necessary facilities and amenities for comfortable and hassle-free living.
Commenting on the launch, Mr. Irfan Razack, Chairman, and Managing Director, Prestige Group said, “Land was probably the first asset to be valued and owned by a man and it continues to be the most precious investment one can make even today. It is passed through generations in the family and is the only asset that is in limited supply with almost unlimited potential for value appreciation. As an infrastructure ready plotted development, Prestige Park Drive gives the smart investor three benefits in one: ownership of a piece of land in one of Bengaluru’s fastest-growing areas; the flexibility to build their home as per their own requirements, at their time and budget; and all the advantages of community living – common amenities and services, high-quality infrastructure and safety & security. Prestige has always believed in introducing breakthrough real estate concepts and in Prestige Park Drive we are giving the citizens of Bengaluru yet another residential development that has the unmistakable Prestige stamp of quality.”
About Prestige Park Drive
Prestige Park Drive is located in Palya village, which is part of Bangalore International Airport Area Planning Authority (BIAAPA), at Devanahalli, in Bengaluru. Abutting the Devanahalli- Bangalore road which connects to Devanahalli via NH-44 and Bangalore via AH-43, it is superbly accessible from all parts of Bengaluru. All social infrastructure such as well-reputed schools, healthcare, as well as shopping, and leisure are also located within easy driving distance.
A grand entrance designed in a classical style, security cabin, ample parks and landscaped areas, broad well-paved roads with pedestrian pathways extending from them, bus shelters, and service yards, extensive plantation of trees and foliage, and water bodies. These spaces will also have unique identities that are asserted through specially commissioned sculpture, murals, mosaics, and other artwork, all coordinated in theme to contribute to wholesome and aesthetically meaningful living.
The Clubhouse offers amenities such as a swimming pool/toddler’s pool, barbeque counter, visitor’s car parking, outdoor party/festive lawn, outdoor seating, stepped seating, 5-a-side football court, skating rink, zen garden for meditation, and a pet zone. There is also an amphitheater, for large events, which is also designed to be an outdoor movie lawn with a screen wall and projection area. A vast and well-equipped Children’s Play Area and a Senior Citizens’ Garden, both lined with tall, shade trees for safety, a sprawling party lawn, and a Campfire pit. Prestige Park Drive also offers the fitness conscious several ways to stay physically active, playing diverse sports and engaging in various exercise-based pursuits.
About Prestige Group
Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business models across the Residential, Office, Retail, and Hospitality segments with operations in 12 key locations in India. As of 31 March 2020, the Group has completed 247 projects with a developable area of 134 mn sqft and has 45 ongoing projects across segments, with a total developable area of 52 mn sqft. Further, it has 57 mn sqft under planning and holds a land bank with a potential developable area of over 27 mn sqft. The company has been graded CRISIL DA1 by CRISIL and also enjoys a credit rating of ICRA A+. The consolidated turnover of the company for the year ended March 31, 2020, is INR 82433 Mn.
