Prestige Group launch of Forum Vijaya Mall in Chennai
The Prestige Group, one of the leading players in the realty sector in India, is all set to consolidate its presence in Chennai with launch of two of its brand new and enthralling projects- The Forum Vijaya Mall and Prestige Polygon. With these two ambitious projects set to open on May 1st, the group hopes to explore many more opportunities in the fast developing metropolis.
Speaking during the inauguration of The Forum Vijaya Mall and Prestige Polygon, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group said, "It gives me immense pleasure to introduce our newest offerings in Chennai. The city is today synonymous with growth and is one of the most vibrant investment destinations in the country. With manufacturing, hospitality and healthcare among other industries witnessing a boom, there is a dire need for quality realty developments that can complement this trend. The Prestige Group is today aptly poised to partner with Chennai and deliver world class projects, which complement the city into the next realm of growth."
About Form Vijaya Mall
Forum Vijaya Mall is all set to be a landmark destination in the city featuring close to 100 shops showcasing diverse Indian and International Brands, over 20 Food & Beverage outlets, a Food Court with seating capacity for 850 people, Palazzo, a 9 screen multiplex and IMAX® by Sathyam Cinemas, a Lifestyle Department store , 5 RmKV's flagship store, and an entry into Chennai by Auchan , that will house the city's largest hypermarket.. The family entertainment centre boasts off an intelligent multilevel car parking system to cater to over 3000 vehicles and spread over 11 levels and two basements. The Forum Vijaya Mall promises a world class shopping experience with a contemporary flavour to Chennaites.
The uniqueness of Forum Vijaya Mall is its location in the Vadapalani area of Chennai which is home to several IT-companies and large apartments. The mall is well connected to Arcot Road, Jawaharlal Nehru Road and the Green Park hotel. From a convenience perspective, metro commuters can easily shop and then hop on to a Metro Train from the Vadapalani Metro station, or can even catch a bus from the Koyambedu Bus Terminal which is in the vicinity.
Prestige Estates, having a legacy spanning over 26 years, is one of South India's leading Real Estate Developers. It has 165 completed projects aggregating to over 48 million square feet of developable Area to its credit and currently has 56 ongoing projects aggregating to 47 million square feet of developable area and 26 upcoming projects aggregating to 34 million square feet of developable area spanning across Residential, Commercial, Retail and Hospitality sectors in major South Indian cities such as Bengaluru, Chennai, Kochi, Hyderabad, etc.
In 2010, Prestige Estates forayed into the Capital Market with its Initial Public Offer (IPO) by raising Rs. 12,000 million, which was also over-subscribed 2.26 times. Prestige Estates is currently one of the largest Real Estate Companies in the country in terms of market capitalization, area executed & delivered and area under development.