The Prestige worldwide the first word in entertainment shirt Prestige Group, one of South India’s top developers, launched three residential projects last month thanks to strong buyer interest.
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In an interview with ET NOW, Prestige Group chairman and chief executive Irfan Razack also confirmed that they were in talks with Blackstone to sell their rental income assets, a deal more closed. 1.7 billion USD, can be successful at the end of the month.
“August is good, June is good and the Prestige worldwide the first word in entertainment shirt three weeks of July are fine. Overall, there’s a very good feeling at Prestige and even others in the city feel the same way – that real estate is home.” People are not only buying middle-income real estate, but many people are also upgrading to luxury properties This I believe for two reasons – interest rates are now at the level. People begin to realize that they need to commit and create an asset for themselves, so it’s better to have a real estate asset that will increase in value than real estate. Any other big investments, “said Razack.
The customer, he added, is a combination of people who are upgrading, returning NRIs, as well as first-time buyers. Outside of Bengaluru, Hyderabad is also showing signs of anticipation.
Prestige is also reportedly in talks with US private investment giant Blackstone to sell its rental income assets in a $ 1.7 billion deal, making it one of the Prestige worldwide the first word in entertainment shirt deals. buying and selling the largest real estate portfolio in the country.
Razack has not denied the Prestige worldwide the first word in entertainment shirt talks and said talks are still ongoing, not only with Blackstone but with other investors as well. “We continue to explore different opportunities. Once something is really successful, we have to reach a legally binding agreement – we’ll know about that by the end of the month. I am in discussion with them – yes, we are traveling with them and many others. ”
While demand for office space is currently declining, Razack is expected to have a boost in the second quarter of next year.
“People can come to the office after April next year. We will see new requests coming from Q2 next year. More and more businesses are coming to cities and countries, with India becoming the Prestige worldwide the first word in the entertainment shirt hub. technology”.