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Prestige Group was founded by Razack Sattar who is a Kutchi Memon. [7] During the 1960s and late 1970s his sons Irfan Razack and Rezwan Razack worked with him, and his youngest son Noaman Razzack also joined when the business grew. [8] It began as a retail business, but moved to real estate with its first project Prestige Court at KH road ...
He is the Chairman and Managing Director of Prestige Group, one of the reputed property developers in India. [1] [2] According to 2014 Forbes India Rich List, he was the 77th wealthiest Indian, with a personal wealth of $1.23 billion, and Prestige was the second largest listed property firm in India. [3] [4]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Porteous specialises in prestige properties and developments. He is best known for his success in the top price range luxury properties and developments, especially in the Western suburbs, and as an auctioneer. In December 2009, he sold a property in Mosman Park for A$57.5 million, setting a record for the most expensive house ever sold in ...
Typical duties expected of a property manager include finding/evicting, dealing with tenants, and coordinating with the owner's wishes. In addition, such arrangements may require the property manager to collect rents and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may delegate specific tasks and deal with others directly.
Property Management Systems (PMS) or Hotel Operating System (HOS), under business, terms may be used in real estate, manufacturing, logistics, intellectual property, government, or hospitality accommodation management. They are computerized systems that facilitate the management of properties, personal property, equipment, including maintenance ...
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) [1] and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all ...
Wealth: includes property such as buildings, lands, farms, houses, factories and as well as other assets – Economic Situation; Prestige: the respect with which a person or status position is regarded by others – Status Situation; Power: the ability of people or groups to achieve their goals despite opposition from others – Parties
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