Prestige Group's Ocean Towers Sets Record Sales in South Mumbai Luxury Market
Prestige Group has established a formidable presence in South Mumbai's ultra-luxury segment with the pre-launch success of Prestige Ocean Towers. Situated in Marine Lines, offering breathtaking views of the Queen’s necklace and the Arabian Sea, Prestige Ocean Towers epitomizes opulent living with 169 exclusive residences spread across two towers within a lush 2-acre enclave.
With a developable potential of 4.62 lakh sq-ft carpet area and an estimated revenue of approximately Rs 4,100 crore, Prestige Ocean Towers has already achieved remarkable sales figures. Despite the official opening of the experience center and show apartment pending, Prestige Group has sold over 70% of the pre-launched residences, amounting to a staggering Rs 1,300 crore.
The project's success underscores the trust in the Prestige Group brand and the allure of its offerings. Designed by renowned architects Norman Foster and Hafeez Contractor, in collaboration with HBA London, Prestige Ocean Towers promises unparalleled luxury, exquisite finishes, and state-of-the-art amenities tailored to satisfy the most discerning tastes.
Irfan Razack, CMD of Prestige Group, expressed gratitude for the overwhelming response, affirming Prestige Ocean Towers' status as an iconic luxury development. He also hinted at the possibility of launching the remaining inventory sooner than anticipated, driven by the overwhelming demand.
Tariq Ahmed, CEO of Prestige Group's West division, described Prestige Ocean Towers as a symbol of elegance and luxury, adding to Mumbai's legacy of excellence in real estate.
Prestige Group's rapid expansion in Mumbai, marked by sales exceeding Rs 6,000 crore across various prestigious projects, including Prestige City in Mulund, Prestige Jasdan Classic in Mahalaxmi, Prestige Daffodils in Bandra, and now, Prestige Ocean Towers, signifies the company's commitment to delivering exceptional living experiences.
Looking ahead, Prestige Group plans to augment its residential portfolio in Mumbai, alongside its existing commercial ventures in prime locations like BKC and Mahalaxmi. In just two years since its entry into Mumbai's real estate market, Prestige Group has not only made a significant impact but also set new benchmarks for luxury living, solidifying its position as a leading developer in the region.
