Prestige Group

Prestige Group is a top property developer that started in 1986 and is based in Bangalore. It has a market value of ₹66,378 crores (as of June 3, 2025) and owns 728 acres of land. It has finished over 300 projects covering 19.3 crore sq ft. In FY 2024–25, it made ₹17,023.10 crores in pre-sales and collected ₹12,084 crores. As of June 3, 2025, it has 57 ongoing projects totalling 9.9 crore sq ft and 62 upcoming projects covering 9.4 crore sq ft.

In its 38-year history, Prestige Group has built over 350 projects covering more than 180 million sq ft. Of these, over 300 are homes that house more than 50,000 families. They also develop shops, offices, hotels, and malls in many big cities across India. By January 2025, Prestige Group’s total value was about ₹80,000 crores, and in February 2025, its share price was ₹1,192. The company keeps growing its assets as it enters new markets. It is the only real estate firm in India with a CRISIL DA1+ rating, which shows people trust its high-quality buildings.

History:

Razack Sattar began with a family textile shop in Bangalore and set up Prestige Estates and Properties in 1986. In 1988, the company finished its first project—Copper Arch on Infantry Road—covering 0.3 acre. By 1993, Prestige opened Forum Mall in Chennai, its first retail project. In 2001, the group moved into hotels with Angsana-serviced apartments. In 2004, it opened Forum Mall (now Nexus Mall Koramangala), the first big shopping mall in Bangalore.

In 2006, Prestige launched Prestige Shantiniketan, a 105-acre township, and Cessna Business Park, its first SEZ. On October 22, 2010, Prestige Estates Projects Ltd went public on NSE and BSE, raising ₹1,200 crores. Between 2017 and 2018, the group expanded into Pune, Ahmedabad, Udaipur, Mumbai, and Delhi-NCR.

In April 2025, Prestige launched “The Prestige City, Indirapuram” in Delhi-NCR, with Phase I delivering 3,421 homes worth over ₹9,000 crores. By May 2025, it completed three Mumbai projects totalling 2.8 million sq ft and over 800 units in one month. The group has a CRISIL DA1+ rating (reaffirmed January 17, 2025), the only real estate firm in India with this grade.

Prestige Group: June 2025 Latest Updates:

• 2026 Launch Pipeline: Prestige Estates Projects will start 25 residential projects in FY 26 with a total GDV of ₹42,120 crores.
• First Mumbai Projects Done: In May 2025, Prestige Estates finished three big Mumbai projects covering 2.8 million sq ft, delivering 700 homes and 130 offices.
• Q4 FY25 Net Profit Drop: Net profit fell 82% year-on-year to ₹25 crores because some launches were delayed. Still, Q4 sales rose 48%, showing a strong finish.
• New Mumbai Office JV: In May 2025, Prestige Estates teamed up with Valor Group to build a 1.5 million sq ft office in Andheri West, Mumbai, with a GDV of ₹4,500 crores.
• FY25 Sales & Profit Summary: Pre-sales fell 19% to ₹17,023.10 crores in FY25, but Q4 sales jumped 48%.

Prestige Group Awards & Recognitions (2023–2025):

• IHC London & IIHM Lifetime Achievement Award (2023): Given to Irfan A. Razack for great leadership.
• Forum Falcon City: “Most Admiring Shopping Centre Launch of the Year” (2023).
• UB City: “Best Thematic Decoration” (2023).
• IGBC Gold “Green Building Award” (2024): Won by Prestige City Phase I for eco-friendly design.
• CNBC Realty Award (2024): “Best Township Project” for Prestige Shantiniketan.
• ICRA A+ (Stable) Rating (March 6, 2025): Shows strong long- term credit health.
• CRISIL DA1+ Grading (January 17, 2025): This means the company is excellent at project delivery.

Prestige Group Owner:

Irfan A. Razack is the Chairman & Managing Director. He leads the company’s strategy and growth. His net worth is about ₹51,244.65 crores (2025), making him one of India’s richest. His brother, Rezwan Razack, is the Joint Managing Director and handles operations and finance. He led the ₹5,000 crore QIP in August 2024. Noaman Razack is a full-time director, managing land deals and legal affairs, helping the firm grow in Pune and Delhi-NCR. Uzma Irfan is also a full-time director in charge of design and green building certifications. The board includes Neelam Chhiber, S N N Nagendra, K Jagdish Reddy, and Pangal Nayak. Amit Mor is the CFO, and J V Manoj Krishna is the Company Secretary. The Razack family works in real estate, hotels, malls, and schools, building trust and innovation.

Prestige Group Subsidiaries:

• Prestige Estates Projects Ltd: The main listed company that builds homes, shops, and offices.
• Prestige Property Management: Looks after and rents out finished properties.
• Prestige Interiors: Designs and fits interiors for homes and offices.
• Prestige Hospitality Ventures Ltd: Runs hotels and serviced apartments like Conrad Bangalore and JW Marriott; filed for a ₹2,700 crore IPO in April 2025.
• Prestige Retail (Forum): Manages malls under “The Forum” brand; some are now part of Nexus Malls.
• Prestige Fashions (P) Ltd: Runs clothes stores under “Prestige – The Man Store.”
• Prestige Leisure & Golf: Builds and runs golf-based leisure properties such as Prestige Golfshire.
• Prestige Commercial: Develops Grade A office parks like Cessna Business Park and Prestige Tech Park.
• Inventure Academy: A school in Bangalore for engineering and management courses.
• Prestige Group Foundation: The social arm that supports education and health in rural Karnataka.

Prestige Group Logo

The Prestige Group logo shows a stylized “P” with a phoenix, symbolizing strength and new beginnings. The navy blue colour means trust and stability. The gold accents show high quality and excellence. Three small blocks under the “P” stand for the group’s main areas: homes, offices, and hotels. Below is the tagline “Building Now. Building Tomorrow.”, which shows the company’s forward-looking vision.

Prestige Group Bangalore

Prestige Group’s home city, Bangalore, has 205 finished projects spanning 17 crore sq ft across homes, malls, and offices. There are 17 ongoing residential projects covering 1.2 crore sq ft, such as Prestige Street in Yelahanka and Prestige Green Gables in Panathur. For FY 25/26, 37 upcoming residential projects span 1.8 crore sq ft (GDV ~₹18,000 crores). These include:

• Prestige Oakville: A mid-rise development offering apartments from 760 to 2,920 sq ft.
• Prestige Southern Star: A 35-acre community with 2,130 homes that made ₹1,382.10 crores in Q4 FY25 sales.
• Prestige Suncrest: A 125-acre project in Electronic City Phase 1 offering 3/4 BHKs from ₹1.67 crores, with possession in 2027.
• Prestige Raintree Park: A 107-acre site in Varthur with flats from 600 to 3,700 sq ft; RERA-approved.

In Q4 FY25, flagship projects Prestige Nautilus and Prestige City Phase III in Bangalore recorded combined sales of ₹3,100 crores. The Bangalore portfolio alone is worth ₹25,000 crores in land plus GDV. Over 1,200 employees work at two offices—Prestige Falcon Towers on MG Road and Whitefield Tech Park—in roles like project management, engineering, sales, marketing, and finance. Job openings appear weekly on the Prestige Group careers portal. CSR work includes upgrading 15 government schools in East Bangalore and rebuilding a public library in Malleshwaram in 2024.