Insights Success The 10 Most Valuable Real Estate Solutions Provider Companies Insights success November2016
IT Parks segments need to get completed. While we are always on the lookout for fresh opportunities that may come along, we would also like to consolidate our position and complete what is on hand. His advice to fellow builders Ensure that your property is in the right location with the right pricing. That is the main criteria. Apart from that, your reputation, track-record, relevant government clearances and clean documentation will go a long way in gaining the trust of the customer. Also, in a bid to make more sales, do not price your product too low. In a market where there is sufficient supply and every developer is working with thin margins, if you end up offering prices below the average market price, at the end of the day, you will run out of cash and, in spite of well-meaning intentions, be unable to deliver the goods. Finally, it has taken the real estate industry many years to gain respectability. Over the years, we have managed to grow into a booming industry and this has happened because of several big players - ethical, dependable and transparent developers, who have managed to change the face of the industry. Today, the real estate industry is one of the strongest drivers of employment in the country. My request to young, upcoming developers would be to be honest to their work and deliver on their commitments to their customers, so that they can bring respect to our industry as a whole. The strategy over the next few years for developers should be to marry their project specifications with the actual demand to create sustainable businesses. Upcoming projects There are several projects lined up, like Kingfisher Towers - an uber luxury residential project next to UB City and one of the most anticipated developments from the company. Also, there is Prestige Lakeside Habitat located in Varthur, Whitefield, and spread over 102 acres. It features 3428 apartments and 271 villas. The family-friendly development offers one of the best environments for community living. The highlight of the property is a Disney-themed landscape that creates an ethereal, fairy tale-like aura for all residing
there. Disney-inspired rooms consist of Disney-branded furnishing, home décor products, colour palettes and more, bringing alive the complete Disney experience for families. Prestige Lakeside Habitat is a huge milestone for the Prestige Group as it is the largest residential development by the company till date, in terms of acreage and the total number of residences, apart from being the biggest upcoming residential township development in the country today. Some landmark properties • Prestige Ozone: One of the first gated villa communities in Bengaluru • Forum Neighbourhood Mall: South India’s first real outlet mall featuring international and national brands • The Collection, UB City: South India’s first luxury mall (In partnership with the UB Group) • Prestige Golfshire: South India’s first golf villa development, including the worldclass 5-star, luury resort hotel, The JW Marriot, set against the pictresque Nandi Hills. Spread across 275 acres, the property comes complete with ultra-luxurious mansions, a Clubhouse (Falcon Greens), a luxury spa (Quan), a private lake and an 18-hole, championship sized golf course. • Prestige Shantiniketan: South India's first wholly integrated township development including residential, office, retail and hospitality. On the hospitality front, the Prestige Group has been credited with introducing some of the most reputed international brands in the world to South India, such as the Hilton Group and Marriott International in hotels; the Banyan Tree in resorts; and Oakwood for service apartments. In association with Starwood Hotels & Resorts Worldwide, the company launched its hotel, ‘The Aloft’, in Cessna Business Park in 2014 and will be launching the Sheraton Hotel in Prestige Shantiniketan, in the near future. The company’s world-class projects have also attracted renowned clients such as Intel, Microsoft, Hewlett Packard, Oracle, IBM and Cisco to name a few.