Prestige Group

Prestige Group is one of India’s most trusted and well-known real estate developers, active since 1986. The company is headquartered in Bangalore and is currently led by Irfan Razack. With 37 years of experience, the Group has worked on many major projects across different cities. Prestige is also the only real estate company in India to receive a CRISIL DA1+ rating, and it holds an ICRA A+ credit rating, proving its strong financial stability. One of its well-known projects is Prestige Highland Hideaway, which is part of The Prestige City, Bangalore.

History of Prestige Group

Prestige Group was founded in 1986 by Razack Sattar in Bangalore. Before entering the real estate business, the family ran a successful retail business. Their first major real estate development was Prestige Court in Bangalore. Over the years, the company expanded into residential, commercial, retail, and hospitality sectors. Today, the firm is led by Irfan Razack along with his brothers, and it has completed over 300 projects, becoming one of South India’s most trusted developers.

Prestige Group Owner

The company is owned and managed by the Razack family.

• Irfan Razack – Chairman & Managing Director
• Rezwan Razack – Joint Managing Director
• Naoman Razack – Vice Chairman

They oversee all major real estate developments and have built Prestige into one of the most respected builders in the country.

Prestige Group Net Worth

Prestige Group’s net worth is measured through the listed company Prestige Estates Projects Ltd (PRESTIGE.NS). As of late 2025, its market value is about Rs. 74,000 Crore (nearly $9 Billion USD). The company reported strong financial results, with Rs. 6,017 Crore in sales in Q2 FY26, which is expected to surpass last year’s total within just six months. Growth is driven by new projects in major markets and expansion into NCR and Mumbai. The founders together hold a wealth of nearly $6 billion USD, making Prestige one of the most valuable developers in India.

Recent News About Prestige Group

• Strong FY26 Performance: Prestige recorded excellent growth in the first half of FY26, supported by major launches and expansion into Mumbai, Goa, and NCR.
• Major Project Launches: Phase 2 of The Prestige City, Indirapuram, launched with 620 homes worth Rs. 2,200 crore.
• Expansion Across Key Cities: : Prestige is growing strongly in NCR, with new projects planned in Gurgaon, Delhi, and Noida by 2026. In Pune, it bought a 4.57-acre land parcel for ₹200 crore. Across Bengaluru, Hyderabad, Chennai, and Mumbai, it acquired 102 acres in Q1 FY26, capable of generating ₹20,000 crore in revenue.
• New Premium Projects: Prestige is preparing to launch new luxury mixed-use developments across major cities to strengthen its premium portfolio.
• Financial Growth and IPO Plans: The Group aims for 59% growth in sales bookings to Rs. 27,000 crore for FY26. Its hospitality division has filed for a Rs. 2,700 crore IPO. The Ghaziabad township alone may generate Rs. 12,000 crore in revenue.

Prestige Group Annual Report

Prestige Group has a strong record of 38 years and has completed over 300 residential projects across India. Their developments focus on modern designs, high quality, and better lifestyles. Many homebuyers trust Prestige because of its consistent construction standards. The company now has over 50,000 happy families living in its ready-to-move-in properties. It also has several ongoing and upcoming projects, including many planned for launch in 2026.

Prestige’s Portfolio Includes:

• Residential apartments
• Villa communities
• Commercial offices
• Shopping malls
• Hotels and hospitality projects
• Golf courses and leisure spaces

The company has completed nearly 350 projects covering more than 180 million sq. ft. over its journey. Its developments span cities like Bangalore, Hyderabad, Chennai, Kochi, Mumbai, Mangalore, Calicut, and Goa.

Breakdown of Completed Work

• 127 million sq. ft. of residential projects
• 48 million sq. ft. of commercial spaces
• 10 million sq. ft. of retail developments
• 4 million sq. ft. of hospitality projects

Some popular recent projects include Prestige Highland Hideaway, Prestige Raintree Park, Prestige Somerville, Prestige Pine Forest, Prestige Evergreen, and others.

Prestige Group Awards and Recognition (Last 5 Years)

• IHC London and IIHM Lifetime Award
• Admiring Shopping Centre Launch – Forum Falcon City
• Upcoming Mall of the Year – Forum Thomson Mall (2023)
• SAP Ace Awards 2022
• CWAB 2022 – India’s Top Builders Award
• Best of Bharat Awards 2022
• BT Mindrush – Best CEO in Real Estate Award
• ICI Birla Super Award
• CWAB Awards 2021 – India’s Top Builder
• FIABSI World Prix d’Excellence 2021 – World Silver Winner

Prestige Group Logo and Tagline

Prestige’s logo features a large phoenix that symbolises the strength and loyalty of the company. The company’s tagline is: “Adds Prestige to your life.”

Prestige Group Bangalore

Prestige Group’s head office is in Bangalore, where it has launched 150 residential projects covering 127 million sq. ft. The company has completed 65 million sq. ft. of townships in the city.

Notable Bangalore Projects

• Prestige White Meadows
• Prestige Park Grove
• Prestige Spencer Heights
• The Prestige City
• Prestige Camden Gardens
• Prestige Southern Star
• Prestige Glenbrook
• Prestige Greenmoor
• Prestige Sunset Park
• Prestige Gardenia Estates

Prestige Group’s Subsidiaries

• Falcon Property Management Services
• Spring–Planet Resourcing
• Prestige–The Man Store
• Prestige Projects Pvt. Ltd
• Prestige Golfshire Club
• Twenty-Four Hotels – Prestige Tech Park

Prestige stands out because it always prioritises customers, maintains top construction quality, and completes projects before deadlines. Buying a Prestige property is considered a brilliant investment due to its strong resale value and long-term reliability.