Prime Property Development Corporation Ltd. is engaged in property development. The Companys property development is includes residential apartments, celebrity houses and commercial properties. The Company builds large 5,000 square feet plus units for shops, showrooms and offices. It has also taken up construction of shopping mall projects with multiplexes and food court. Its completed projects include the Prime Square, Prime Tech Park, Prime Beach, Prime Centre, Prime Plaza and Prime Avenue.
Prime Property started its real estate activity in the year 2002, with the launch of its `Prime Avenue` project at S V Road, Vile Parle (W), having two towers `A` & `B`. In a short span since then, the company has made a name for itself as a quality developer of real estate, having constructed such other landmark projects as `Prime Plaza`, `Prime Centre` and `Prime Beach`. All these projects are located on prime land, are luxurious residential apartments and large commercial units like show rooms, shops and offices.
Prime Property Development Corporation, a BSE-listed company, has been promoted by. Padamshi l. Soni, a man with vision; a man whose foundation is built on Quality, Trust and Promise. His diverse expertise in business, spanning more than three decades, of which 16 years is in real estate, has garnered the growth of Prime Property. He has been instrumental in the construction of landmark residential and commercial buildings for high end customers in Mumbai.The company has now positioned itself as a unique company catering to the high-end of the property market.
During the fiscal year ended March 31, 2010 (fiscal 2010), the Company has expedited the completion of the on-going mall project at Pimpri, Pune, and has launched a new project at Vile Parle (West), Mumbai. The Vile Parle (West) project includes the Prime Business Park. During fiscal 2010, the Company completed the Prime Mall, Pune Project Phase 1 (Anchor Shop). In February 2010, the Company acquired Sea-King Club Pvt. Ltd., pursuant to which it became a wholly owned subsidiary of the Company.