Business Wire India

Prestige Courtyards, Chennai

Prestige Group, India’s leading real estate developer today announced the launch of Prestige Courtyards, located in Sholinganallur, just off the Old Mahabalipuram Road, christened as Chennai’s IT corridor. Spread across 11.32 acres, Prestige Courtyards comprises of 11 residential towers with 548 homes in total. It is an elegant contemporarily designed residential community with well evolved, high quality, civic and social support infrastructure in close proximity.

Rapid progress in technology and global connectivity have helped drive real estate growth in the city and the southern corridor of Chennai has specifically emerged as a favored location for real estate investments owing to the Information Technology Business Parks and dedicated Special Economic Zones (SEZs).

Prestige Courtyards is an enclave of brilliantly planned neo-urban homes that is set beside a scenic lakefront which is tranquil and serene. A first-of-its-kind development in Chennai, Prestige Courtyards provides a perfect harmony between pristine natural and luxurious urban living. Its lavish Clubhouse presents a plethora of luxury lifestyle amenities to keep one’s leisure hours well occupied in camaraderie with their loved ones.

Commenting on the launch, Mr. Irfan Razack – CMD, Prestige Group said, “We are delighted to launch Prestige Courtyards, a luxurious and ambitious offering from Prestige where we have invested in extensive master planning and careful detailing with the help of experts, to bring to Chennai this experience of a self-sustained development. Prestige Courtyards provides the best of amenities and facilities and is a result of our vision to provide a holistic living experience that improves the overall quality of life.”

He further added, “With one of the most promising and active real estate markets in South India, Chennai realty witnesses demand from both end-users and investors. Job opportunities have further contributed to making the city favourable among prospective buyers. Chennai is predominantly a price sensitive market with end-users looking for affordable homes here. With such a strong market, it was a natural choice for us to launch Prestige Courtyards here. The launch of this development further reinforces our continued focus on creating a large residential portfolio with a strong focus on the IT corridor of Chennai.”

This launch complements Prestige Group’s strong southern corridor strategy, which includes the existing luxury residential villa development Prestige Silver Springs, that has villas designed, built and fitted out to blend perfectly with an affluent lifestyle.About Prestige Courtyards

Prestige Courtyards is a contemporarily designed residential project comprising of 548 thoughtfully designed urban homes. It is located in Shollinganallur on the Old Mahabalipuram Road, also called the IT Corridor of Tamil Nadu. Situated in the well-developed and renowned neighborhood of Classic Farms in Shollinganallur, it is in very close proximity to many established market places, International Blue Chip & IT Companies, reputed educational Universities & Institutions, leisure and entertainment Zones.

The development comprises of 11 residential towers and each tower is a ground + 3 floors structure with a combined basement reserved for car parking. It offers a combination of 1, 2 and 3-bhk apartments that are Vaastu compliant. The development comes complete with indoor and outdoor lifestyle amenities and facilities including a lavish Clubhouse with an outdoor swimming pool as well as a kids’ pool, a fully air conditioned and well-equipped gymnasium, mini theatre, party hall, jogging and cycling tracks, indoor sports, kids play area and Relaxation Courts for elders.

About Prestige Group

Prestige Group has over 30 years of experience in real estate development and is one of the leading real estate developers in the country with projects in Residential, Office, Retail and Hospitality segments with operations across South India, Pune, Goa and Ahmedabad. It has completed 210 real estate projects with developable area of 80 mn sft. and has 53 ongoing projects across segments, with total developable area of 54 mn sft. It also has 48 mn sft. of upcoming projects and holds a land bank of 424 acres with potential developable area of over 42 mn sft. The company has been rated CRISIL DA1 by CRISIL and also enjoys credit rating of ICRA A+. The consolidated turnover of the company for FY 17 was Rupees 4862 Crores and market capitalization of the company as on 30th September, 2017 is Rupees 10,247 Crores.

Website: www.prestigeconstructions.com/offers

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