Wednesday, August 1, 2018

Prestige Constructions Real Estate News



Irfan Razack, CMD, Prestige Group, is astute when it comes to choosing prominent locations and building landmarks. This instinct veered him to novel aspects of development such as retail, hotels, tech parks, SEZs and townships.Razack’s reputation had also led the industry to elect him as Chairman of CREDAI in its previous term. Long before RERA came into effect, Razack has been studiously encouraging developers to be transparent and accountable, which has held him in good stead. It’s no surprise that Prestige Group is the only Crisil DA1 rated developer in the country. It was also awarded the financial rating of A+ by ICRA. But Razack is not resting on his laurels. He says the rating only reinforces credibility, and in fact one’s own belief. “The rating certifies that we’ve got the ability to deliver the project on time, with proper titles and specifications. That means whatever we are doing, we are doing it right. We are the only developer in the country to have received this rating, so I am told,” he adds with a smile. Similarly, the Group has also tied up with SR Jindal Group to develop Prestige Jindal City comprising four residential towers on Tumkur road in Bengaluru.

Source: http://www.constructionweekonline.in/site-seer/

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