Construction Industry News
The Prestige Group has made a strong entry into the ultra-luxury segment of South Mumbai with the successful pre-launch of its iconic project, Prestige Ocean Towers.
Situated on the sea lines with stunning uninterrupted views of the Queen's Collar and the Arabian Sea, Prestige Ocean Towers is the epitome of luxury living with just 169 residential units in two towers set on a sprawling 2-acre plot of land.
Prestige Ocean Towers has the potential to develop a 4.62 lakh sq ft carpet area with an estimated revenue potential of around Rs 4,100 crore. Among them, the Prestige Group has pre-launched 75 residences with a potential of Rs 1,700 crore and has sold over 70% of the pre-launched residences even before the official opening of the experience center and show apartment.
The company said the overwhelming response reflects the confidence in the brand. The commercial and strength of the product, which is an architectural marvel by Norman Foster, was designed in collaboration with architect Hafeez Al-Moukall. In partnership with HBA London, the project offers impeccable finishes, the latest modern amenities and an unparalleled living experience. Every detail of this development has been carefully selected to meet the most demanding tastes of those seeking the best in life.
Irfan Razzaq, CEO, Prestige Group, said: “This will be one of the most emblematic luxury developments in the country and we would like to thank our customers, partners, stakeholders and well-wishers for their continued support and trust in us. This encourages us to launch the remaining stock in Prestige Ocean Towers Mumbai is ahead of schedule, bringing a legacy of excellence to the city of dreams, creating homes that blend with elegance, Prestige Jasdan Classic in Mahalaxmi, Prestige Daffodils in Bandra and Prestige Ocean Towers in Marine Lines and the group is planning to add more From prime land to its residential portfolio in Mumbai, in addition to its existing commercial portfolio in BKC and Mahalaxmi.
