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Opinion and Only Opinion

Wednesday, February 25, 2015

Prestige launches 2 new projects

I should admit that the location of both projects is excellent but pricing and other ready to occupy options will weight in on the movement in these projects. The pricing is atleast 20% above the local market.

Prestige High Fields is after Varun motors in Gachibowli ISB road - 2600 units at 4,750 per sft and others.. A 2BHK is approx. 70 lacs . The MD expects a avg price of 5,500 over the construction period going up to 2020.

Prestige IVY League is in Kondapur, next to Google. Launched at 5,950/- + others.  The MD expects 7,000/- over the construction period. Due for delivery in 2018/19.

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