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Insights Success The 10 Most Valuable Real Estate Solutions Provider Companies Insights success November2016

Insights Success The 10 Most Valuable Real Estate Solutions Provider Companies Insights success November2016

alone. More recently, it

alone. More recently, it has expanded its footprint to Chennai, Goa, Hyderabad, Kochi, Mangaluru and Mysore. Prestige Acropolis is one of Bengaluru’s first luxury residential developments. Forum Mall is Bengaluru’s first and most successful retail mall. Prestige Shantiniketan is the city’s first wholly integrated township project. The Collection, UB City, built in partnership with the UB Group, is South India’s first luxury mall. Prestige Bluechip Tech Park in Koramangala was among the first of its kind and was built in the early 2000s. Today the Prestige Tech Park, with an offering of six million square feet is among the largest in the city. The group also has huge spaces occupied by a single tenant, like the Cessna Business Park where Cisco occupies 3.5 million square feet. The company also has tie-ups with world-class hospitality brands like the Hilton-Conrad, Sheraton, Marriott. And the list goes on… Although the group has a strong product portfolio across asset classes, the residential segment continues to be the primary driver of business within the Prestige Group. Even when the markets were fluctuating, the residential offerings from the group did well. There is now a focus on middleincome housing, where the demand is substantial. The commercial segment is not too far behind with high volumes of leasing taking place throughout last financial year and rentals of malls and office spaces making handsome gains. Awards galore Small wonder then that the Prestige Group is the only developer from Bengaluru to receive the reputed FIABCI award for their Software and Residential Facilities. Among other laurels, the company’s Investor Relationship (IR) Programme, has been ranked the Second Best in Asia and the Best in India by the Institutional Investor (II) magazine’s 2014 All-Asia Executive Team Rankings. Prestige is the only CRISIL DA1 rated developer in India and has also been awarded the financial rating of A- by ICRA. They are the only developers from India to win the celebrated FIABCI World Prix d’Excellence Award 2016 for their landmark luxury residential development, Prestige Silver Oak. Banking on trust But more than all the space that it has created, the group’s most significant achievement, perhaps, has been to convert the real estate industry from one that was treated with suspicion to one that commands trust. As Irfan Razack, the group’s Chairman and Managing Director, himself says: “In the past, real estate was treated with a considerable amount of suspicion and apprehension by the wider public due to the lack of regulatory oversight and a large number of unscrupulous developers who often took buyers’ money and either delivered poor quality final products or, in many unfortunate circumstances, failed to deliver at all. The industry was crying out for ethical, dependable and transparent developers and I am proud to say that Prestige was at the forefront of that revolution and set many benchmarks.” This ability to build a trust-based relationship with all stakeholders - be they, buyers, architects, suppliers or employees - has enabled the group to become an industry leader. Trust, combined with ethics and high-quality infrastructure at affordable prices has become the hallmark of business at Prestige. The group’s core value is based on the 7 Cs concept - Comprehensive, Capable, Competent, Consistent, Credible, Cost Effective and Confidence. Today, more than the land bank in its possession, the group’s highest performing asset is the customer’s faith in its ability to deliver what is promised. Strong after-sales and communications Moreover, a sound after-sales strategy has further strengthened Prestige’s leadership position in the market. At Prestige, all client queries, past or present, are dealt with a similar sense of urgency and commitment. Past clients are not forgotten. Thus, the relationship with them doesn’t end with a sale. It is in line with this philosophy that the Prestige Property Management and Services (PPMS) was set up in 1996 to provide high quality maintenance and post construction care for all Prestige developments. The Prestige Group can be credited to be the first builder in India to come up with a dedicated company for post-construction care. The 950-member team consists of highly skilled workers who are specially trained to maintain the impeccable standards that are the hallmark of all Prestige developments.

WE P“ ENSURE THAT WE GIVE OUR OYAL ATRONS ONLY THE BEST FROM RESTIGE - Irfan Razack “

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