Prestige Group, on March 22, 2018, 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. Each tower is a ground-plus-three floor structure, with a combined basement reserved for car parking. Set beside a scenic lakefront, the project will offer a combination of one, two and three-BHK apartments that are Vaastu compliant. The development comes with amenities such as a lavish clubhouse with an outdoor swimming pool, as well as a children’s pool, a fully air-conditioned and well-equipped gymnasium, mini theatre, party hall, jogging and cycling tracks, indoor sports, children’s play area and relaxation courts for elders.
Commenting on the launch, Irfan Razack, CMD of the Prestige Group said, “We are delighted to launch Prestige Courtyards, a luxurious and ambitious offering from Prestige. With one of the most promising and active real estate markets in south India, Chennai 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. With such a strong market, it was a natural choice for us to launch Prestige Courtyards here. The launch reinforces our continued focus on creating a large residential portfolio, with a strong focus on the IT corridor of Chennai.”
See also: GIC to pick up minority stake in Prestige’s Exora Business Park
Prestige Courtyards will be the latest offering from the Group, whose southern strategy includes the existing luxury residential villa development, Prestige Silver Springs. The company, with operations across south India, Pune, Goa and Ahmedabad, has completed 210 real estate projects with a developable area of 80 million sq ft and has 53 ongoing projects across segments, with a total developable area of 54 million sq ft. It also has 48 million sq ft of upcoming projects and holds a land bank of 424 acres with potential developable area of over 42 million sq ft.
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