The Prestige Group Launches Prestige Jindal City in Bangalore
Spread across 32 acres in the strong investment hub of North Bangalore, Prestige Jindal City comprises of 4 residential towers with 3, 571 homes in total
Prestige Group, India’s leading real estate developer has launched one of their most awaited projects, Prestige Jindal City – a premium residential development. Located on Tumkur Road, close to the NICE Road intersection and spread across 32 acres, Prestige Jindal City comprises of 4 residential towers with 3, 571 homes in total. Built in partnership with the S R Jindal Group, it is one of the most connected projects in the city. Being close to major arterial roads, the property is well connected to the major business hubs, schools, entertainment/shopping centres and hospitals in the area. One of the biggest highlights of Prestige Jindal City is the Metro Station attached to the project, which provides express connectivity to North, East, West and South Bengaluru.
Bengaluru has emerged as a shining spot for real estate investors offering a sound return on investment and assured rental income. With the IT/ ITeS sector driving real estate demand, the city boasts of strong macroeconomic dynamics and stability. Real estate in North Bengaluru stands to directly benefit from the development of the upcoming Aerotropolis, IT, and Aerospace parks. Road widening projects and the development of large-sized townships are improving prospects in areas like Hebbal and Devanahalli.
Commenting on the launch, Mr. Irfan Razack – CMD, Prestige Group said, “This is an exciting time for the Prestige Group, as the demand for residential real estate has been growing steadily this year. In recent years, Tumkur Road has emerged as a viable location for investment for homebuyers given the affordable property prices, steadily improving connectivity to other parts of the city and rapid infrastructure development, including the Metro Station that is coming up attached to our property. The location also has the advantage of making travel to the airport much easier, as it is located less than an hour away from it. Moreover, the proposed Peripheral and Outer Ring Roads offer quick access to the highways. Keeping this increasing demand in mind, we present Prestige Jindal City – a premium residential development with all amenities and facilities required for a life of comfort and ease, amidst the hustle bustle of everyday life.”
About Prestige Jindal City
Located on Tumkur Main Road, close to the NICE Road intersection, Prestige Jindal City is a premium residential development set on 32 acres of land. The development consists of 4 buildings, with 3,571 residential apartment units of different types and an independent Clubhouse centrally located in the project.
Prestige Jindal City reflects the best of world-class design with its carefully crafted towers, clean landscaped gardens and green areas, touched with an air of elegance that reflects the creative partnerships that make Prestige projects unique. The sweeping, arched architecture portrays a visual style that connects both human elements and luxury in an aesthetic manner. The property combines the best of international design with local sensibilities. Adding to the grandeur is an ornate arrival plaza and gateway with a sweeping feature wall. A striking clock tower creates the centrepiece to this majestic entrance. The property is dotted beautifully with carefully landscaped greens and a central 4.5-acre landscaped podium level, thus creating a serene environment.
The project will have an elaborate independent Clubhouse with spaces for a Health Club, Gymnasium, Swimming Pool with Kids’ Pool, Banquet Hall, Mini-Theatre, Badminton Courts, Squash Courts, Tennis Courts, Basketball Courts, Multi-purpose Courts, Cricket Pitches, Beach Volleyball, Amphitheatre, Outdoor Gym, Skating Rink, Mini Soccer, Indoor Games, Pool Table, Table Tennis, Kids’ Play Area, Reading Room, Yoga/Aerobics, Party Terrace, Coffee Shop, Unisex Salon, Crèche, Clinic Space, Pharmacy Space, Laundromat and a provision for a Convenience Store.
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 212 real estate projects with developable area of 84 mn sft. and has 51 ongoing projects across segments, with total developable area of 53 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 31 December 2017 is Rupees 11,993 Crores.