Monday, December 11, 2023

Prestige Group Launches Its First Project In Calicut With INR 1000 Crore Sale Potential

Prestige Group, country’s leading real estate developer with a portfolio of more than 250 delivered properties across 7 cities, has announced the launch of its first residential project in Calicut - Prestige Ocean Pearl.

Prestige Ocean Pearl, located on beach road with a landscaped podium of over 40000 sqft, provides its residents a serene refuge away from the hustle and bustle of daily life. The Prestige Ocean Pearl is strategically located and offers a well-developed social infrastructure with multiple schools, hospitals, and retail spaces in the vicinity. It also has excellent road connectivity to the city.

Commenting on the grand launch, Mr. Irfan Razack, CMD, Prestige Group said, “We are delighted to unveil Prestige Group’s latest masterpiece in Calicut, a breathtaking sea-facing haven. This property reflects our dedication to crafting iconic living spaces. Nestled along the picturesque coastline, this sea-facing property embodies opulence, serenity and unparalled living experience in the heart of Calicut. Embrace a home where the waves echo sophistication and the horizon paints the canvas of your dreams.”

Commenting on the launch, Mr. Praveer Shrivastava, Sr. VP, Residential, Prestige Group said, “We are thrilled to mark our debut in Calicut with the unveiling of our latest property, a testament to Prestige Group’s unwavering commitment to crafting spaces that redefine living. This launch signifies a new chapter in our journey, as we bring legacy of excellence to the vibrant city of Calicut, creating homes that resonates with elegance.”

Within the expanse of 6.5 acres, Prestige Ocean Pearl offers 530 units of finely-crafted premium homes. With a mix of 3-bedroom and 4-bedroom units housed in 4 high-rise towers, this residential project promises spacious and exquisite living. Its richly landscaped frontage ascends to a raised level offering undisrupted views of the sea.

The towers are further elevated by means of a parking deck that rises four levels above ground, all to ensure maximum privacy and breathtaking views of the sea. Beyond the obvious picturesque allure of the beach view, it also insulates residents from the hustle & bustle of the main road. All the homes have two or more external faces, which allows for natural light and encourages cross ventilation.

Prestige Ocean Pearl offers multiple leisure amenities including multipurpose hall, a gym, an infinity swimming pool, indoor games and a clubhouse. Sustainability is integral to design at Prestige Ocean Pearl, with rainwater harvesting systems, solar power for common area lighting, and provision for electric vehicle charging stations. There is also dedicated parking for the differently abled.

Prestige Ocean Pearl is poised to become landmark development in Calicut, thanks to its scale, remarkable design, world-class amenities, and strategic location.

About Prestige Group

Prestige Group, one of the leading real estate developers in the country, has a legacy of almost four decades in real estate development. It has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India. The Group has completed 281 projects spanning a developable area of 166 mn sqft. and has 57 ongoing projects across segments, with a total developable area of 77 mn sqft. Further, it is planning 44 projects spanning 97 mn sqft and holds a land bank of over 680 acres as of Mar-23. The company has been graded CRISIL DA1+ by CRISIL and enjoys a credit rating of ICRA A+.

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