Prestige Constructions: Land Bank and Projects Under Planning
Published on Feb 20, 2013, 05:20 AM IST
Bangalore based Prestige Constructions posted strong set of earnings in the third quarter. Total revenues doubled quarter on quarter to ₹ 492 crore due to recognition in projects like Kingfisher towers and Prestige Park view. The company has already met its FY13 guidance on new sales, customer collections and new launches. The company recorded sales of ₹ 2580 crore in April-December -12 as against guidance of ₹ 2500 crore projected for financial year 2012-13.
Prestige constructions has revealed details of land bank and projects under planning.
Prestige Bidadi Holdings Pvt Ltd - 142.74 acres in Bidadi.
Prestige Projects Pvt Ltd. - 168 acres in Bangalore.
Prestige Garden Resorts Pvt Ltd - 7 acres in Bangalore.
Eden Investments - 74.13 acres in Goa.
Prestige Estates Projects Ltd. - 33.48 acres in Bangalore.
KRPL Techpark - 15.61 acres in Mysore.
Village D Nandi Pvt Ltd. - 22.95 acres in Bangalore.
Prestige Nottinghill Investments Falcon City - 61.34 acres in Bangalore.
Prestige is now planning to launch another mega township. Falcon City, is expected to be spread across 61 acres on Kanakpura road (Prestige Nottinghill Investments Falcon City) . Before Brigade Gateway and Prestige Shantiniketan, Bangalore had no idea of townships and home buyers didn't have the confidence that such projects would get completed. Now with people staying in these townships and others visiting them, a certain 'wow' factor has set in the buyers mind.
BangaloreNest.com analysis had earlier reported Kanakpura road and Tumkur road as the best emerging investment neighborhoods in 2012, with new launches by Brigade and Prestige on Kanakpura road and Tata housing on Tumkur road, one can expect good demand and price appreciation of land and housing in these areas.
Source: Prestige Constructions
Note: Planning and future business prospects by companies are subject to number of risks and uncertainties and the actual results could differ from forward looking statements. It is recommended to wait for official announcements post government clearances.
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