Prestige Group Inaugurates first commercial development in Ahmedabad

The company, which recently marked an incredible milestone in their history with the completion of 250 developments across India, inaugurated their very first commercial developments - Prestige Fintech in GIFT City and Prestige Phoenix in Hyderabad. Commenting on this milestone, Mr. Irfan Razack – CMD, Prestige Group said, “Ahmedabad and Hyderabad are fast emerging as commercial and economic hubs in India. Testimony to their growth is the fact that while Ahmedabad is being seen as the new start-up destination, Hyderabad has registered 17 percent growth in the IT sector ahead of any Indian city. Driven by this growth in Hyderabad, industry analysts have estimated that the city’s real estate space has doubled in recent months and that annual commercial leasing in Hyderabad has gone up from 4 - 4.5 million sft to 9 million sft.” “In these two cities, economic transition, workforce expansion, and government initiative driven infrastructure development have played a huge role in transforming them, thus further augmenting the demand for quality commercial real estate in both places.” “Over the past few years, we have been focusing on expanding our presence across India with upcoming developments in Mumbai, Pune, Ahmedabad, Delhi and Gurgaon. With Prestige Fintech and Prestige Phoenix, we are pleased to announce our very first commercial developments in Ahmedabad and Hyderabad. We are excited about strengthening our business in the new markets, while continuing to transform the Indian realty sector.”, he added.