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Company : The Prestige Group 
Monday, June 13, 2016 10:30AM IST (5:00AM GMT)
 
(NSE:PRESTIGE)
Prestige Group - the Only Developer from India to Win the FIABCI World Prix d'Excellence Award this Year
Bangalore, Karnataka, India

The Prestige Group needs no introduction! India’s second largest developers have once again proved the reason for their undisputed leadership position in the market by becoming the only developers from India to win the FIABCI World Prix d’Excellence Award this year. The FIABCI World Prix d’Excellence Awards are considered to be the “Oscars” of the real estate industry. The company was conferred the FIABCI World Prix d’Excellence Silver Award for their landmark luxury residential development, Prestige Silver Oak.

FIABCI World Prix d’Excellence Award winners were honored at an exclusive gala ceremony attended by hundreds of guests from 40 countries during the FIABCI 67th World Congress.  This year’s World Congress took place in Panama City, Panama and marked the 25th Year Jubilee of this prominent award. Submissions for the FIABCI World Prix d’Excellence have grown significantly with winning projects originating from Armenia, Georgia, Germany, Hungary, India, Indonesia, Malaysia, Russia, Singapore, and Taiwan.
 
A listed company with a turnover in excess of Rs. 3518 Cr (For FY15), the Prestige Group is the only developer from South India to boast of such a widely diverse portfolio covering the residential, commercial, retail, leisure, hospitality and education segments.
 
Ms. Uzma Irfan – Director, Prestige Group said, “It is every developers dream to bring home a FIABCI Award and it is an incredible honour for Prestige to have competed against 40 countries across the world to emerge a winner. While celebrating our victory, we would like to dedicate this award to the numerous happy and satisfied clientele of the Prestige family and to all our dedicated employees who work extremely hard to make our vision a reality.”
 
“The FIABCI World Prix d’Excellence celebrates the best and most innovative real estate developments from around the world.  This year’s awards were highly competitive and set a global standard for premier leadership, innovation, sustainability and long-term planning,” added Danielle Grossenbacher, FIABCI World President.
 
About Prestige Silver Oak

Prestige Silver Oak adheres to all the features that define a Prestige home - finesse in design, uncompromised quality and an absolutely world-class living experience. Located on the ECC Road, Bangalore, Prestige Silver Oak is spread across 17 lush acres and offers independent villas and a small block of low-rise apartments. The development comprises of 146 villas in 8 different designs, which afford prospective buyers the convenience and flexibility of acquiring a home that closely matches their needs. Each elegantly designed villa is ensconced in its own private garden. For those who prefer the sociability of an apartment to the privacy of a villa, there are also 32 apartments on offer.
 
Prestige Silver Oak’s spacious Clubhouse comes fully appointed with all the amenities that are de rigueur for a life of luxury. Among other facilities, the Clubhouse features a state-of-the-art gymnasium, a spacious swimming pool, a multipurpose hall, a squash court, a well-equipped health club, a badminton court, and an indoor sports area. The development also includes a convenience store, thus making the property more self-contained for residents.
 
Prestige Silver Oak offers a lifestyle that is secure, peaceful and relaxed with state-of-the-art electronic security systems and manned security. Every home is equipped with a video door phone and is connected via an intercom to the security cabin.
 
Gated communities by the Prestige Group are considered the byword in luxury and high living and Prestige Silver Oak reinforces this.
 
About FIABCI

FIABCI, the International Real Estate Federation, is a business network of real estate professionals worldwide. FIABCI provides access and opportunity for real estate professionals interested in gaining knowledge, sharing information and conducting international business with each other.  With members in 65 countries, including 100 Professional Associations, 65 Academic Institutions and 3000 individual members from all professions of the real estate sector, FIABCI is the most representative organization of the real estate industry in the world and holds special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.
 
The FIABCI Prix d’Excellence is a prestigious honor that recognizes real estate development projects that best embody excellence in all real estate disciplines involved in its creation and illustrates the FIABCI ideal of “providing society with the optimal solution to its property needs. Winners are selected by an international panel of experienced real estate experts and are evaluated on concept, architecture, engineering, profitability, marketing results, environmental impact and benefit to society. Winning this prestigious award highlights cutting edge innovation at its very best, demonstrating a premier level of achievement in all aspects of real estate development.  The Prix d’Excellence is one of the greatest global honors that a real estate development can receive.
 
About Prestige Group

Started in 1986, the Prestige Group is currently the second largest developer in India. Headquartered in Bangalore, the company has projects in cities across South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore and Goa. Having completed close to 200 projects, they are the only real estate developer in Bangalore to have won the reputed FIABCI Award for their software and residential facilities. Currently, the market capital of the listed company is Rs. 5,328.75 Cr (BSE, as of 14 March 2016). The Prestige Group is the only CRISIL DA1 rated Developer in India. They are one of the prime movers in the mid-segment to premium and luxury real estate space. The company has pioneered luxury residential and retail developments in South India with landmark developments like UB City, Prestige Acropolis, Prestige Shantiniketan, Prestige Golfshire, Prestige Silver Springs (Chennai), The Forum mall and Prestige Lakeside Habitat, among many others, to its credit.
 
Photo Caption: Prestige Silver Oak

 
For News Release background on The Prestige Group click here
 
Media Contact Details
Urmila Biswas, Lateral Thinkers Communications, +91-9886099736, urmila@lateralthinkers.co.in
Sudhakar Rao, Lateral Thinkers Communications, +91-9916138037, sudhakar@lateralthinkers.co.in
 
 
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