Prestige Group has made a grand entrance into South Mumbai’s ultra-luxury real estate scene with the successful pre-launch of their latest development, Prestige Ocean Towers.
Situated in Marine Lines, boasting breathtaking views of the Queen’s necklace and the Arabian Sea, Prestige Ocean Towers sets the standard for luxurious living with just 169 residences spread across two towers within a vast 2-acre plot.
With a potential developable area of 4.62 lakh sq-ft carpet area and an estimated revenue of approximately Rs 4,100 crore, Prestige Group kicked off the pre-launch by unveiling 75 residences, with a combined value of Rs 1700 crore. Impressively, over 70% of these residences were snapped up even before the official opening of the experience center and show apartment.
The overwhelming response underscores the confidence in the brand and the allure of the product, crafted by the renowned Norman Foster in collaboration with Architect Hafeez Contractor. Teaming up with HBA London, the development promises impeccable finishes, cutting-edge amenities, and an unmatched living experience, catering to the refined tastes of discerning buyers.
Irfan Razack, CMD of Prestige Group, expressed gratitude for the unwavering support, affirming that Prestige Ocean Towers is poised to become an iconic luxury landmark in the country. He hinted at the accelerated launch of the remaining inventory owing to the overwhelming demand.
Tariq Ahmed, CEO (West) at Prestige Group, highlighted the property’s embodiment of opulence and tranquility, offering residents an unparalleled lifestyle in Mumbai.
Despite entering Mumbai just two years ago, Prestige Group has already made a significant mark, selling nearly Rs 6,000 crore worth of inventory across various prestigious projects in the city. With plans to expand their residential portfolio by acquiring prime land parcels, Prestige Group continues to solidify its presence in Mumbai’s real estate landscape.