Prestige Group

Prestige Group was founded in Bengaluru in 1986. The business grew from the Razack family’s retail background and later entered property development. Irfan Razack led the move into real estate with support from his brothers, Rezwan Razack and Noaman Razack.

The company first built its name in Bengaluru. It later moved into homes, business parks, shopping malls, hotels and mixed-use developments. Over time, Prestige expanded into Chennai, Hyderabad, Mumbai, Delhi NCR, Goa, Kochi, Mangaluru and other Indian markets.

Prestige Group Owner and Leadership

Prestige Group is promoted and led by the Razack family through Prestige Estates Projects Limited. It is not a privately held family firm alone, as the company is listed on the Indian stock exchanges.

Irfan Razack is the Chairman and Managing Director. Rezwan Razack is the Joint Managing Director. Noaman Razack and Uzma Irfan are Whole-time Directors. The board also includes independent directors who take part in the company’s governance and review process.

The current leadership roles are:

• Irfan Razack – Chairman and Managing Director
• Rezwan Razack – Joint Managing Director
• Noaman Razack – Whole-time Director
• Uzma Irfan – Whole-time Director

Prestige Estates Projects Limited

Prestige Estates Projects Limited is the listed company behind Prestige Group. It was incorporated on 4 June 1997 and listed on the stock exchanges on 27 October 2010.

The company trades under the symbol PRESTIGE on the National Stock Exchange. Its BSE code is 533274. The registered office is at Prestige Falcon Tower, No. 19, Brunton Road, Bengaluru 560025.

As a listed firm, Prestige must publish audited results, annual reports, share data and stock exchange filings. These records help buyers and investors check its finances and growth plans.

Prestige Group Business Segments

Prestige Group works in four main property areas.

Residential Projects

The residential business includes apartments, villas, plots and large townships. These projects serve different homebuyers, from compact apartment buyers to premium and luxury customers.

Office Projects

Prestige develops office parks for technology firms, large companies, co-working brands and Indian businesses. In FY26, its office portfolio recorded 4.47 million sq. ft. of leasing activity. Occupancy remained above 90% during the year.

Retail Projects

The retail business includes Forum malls and other shopping centres. Prestige reported 99% occupancy across its retail assets in FY26. Gross turnover across these assets reached ₹2,567.1 crore during the year.

Hospitality Projects

The group also develops hotels and hospitality assets. This gives Prestige income beyond home sales and adds more balance to its business.

FY26 was a record year for the company. Prestige Estates Projects Limited reported annual sales of ₹30,024.5 crore for the year ended 31 March 2026. This was 76% higher than the previous year.

The company sold 11,692 units with a total sales volume of 22.28 million sq. ft. Collections reached ₹18,514.6 crore, showing 53% annual growth.

Prestige launched 31.84 million sq. ft. of projects during FY26, with a gross development value of about ₹27,350.4 crore. It also completed and delivered 18.22 million sq. ft. during the year.

These figures show the size of the business. They do not guarantee the result of every Prestige project. Buyers should still check the RERA record, approval status and construction progress of the property they plan to buy.

Prestige Group has residential and commercial projects in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi NCR, Goa, Kochi, Mangaluru and other cities. Its future pipeline is spread across Bengaluru, Mumbai, NCR, Hyderabad and Chennai.

Its property portfolio includes:

• Apartments and villas
• Integrated townships
• Plotted developments
• Office parks
• Shopping malls
• Hotels
• Mixed-use projects

Prestige started as a Bengaluru-focused builder. It has now become a national developer with active projects in South, West and North India.

Prestige Group in Chennai

Chennai is an important part of the company’s growth plan. Prestige has completed, ongoing and upcoming homes in different parts of the city. Its Chennai portfolio includes developments such as Prestige Pallavaram Gardens, Prestige Windsor Park and Prestige Courtyards.

The company is also planning more residential launches in Chennai. Its official upcoming- project portfolio lists Chennai among the main cities where new apartments and villas are being planned.

Prestige Falcon City Chennai is part of this expansion. The project is planned in Medavakkam, close to Sholinganallur and the OMR job corridor. This gives the page a direct link between Prestige Group and its upcoming South Chennai township.

Prestige Group and Prestige Falcon City Chennai

Prestige Falcon City Chennai is an upcoming apartment township by Prestige Group on Medavakkam–Sholinganallur Road. It is planned over 23 acres and will have 22 towers with 2B + G + 14 floors.

The project will offer 2,170 apartments in 2, 3 and 4 BHK layouts. Sizes will range from 1,001 to 2,735 sq. ft. Indicative prices start from ₹1.30 crore and go up to ₹3.54 crore.

Why Buyers Consider Prestige Group Projects

A large builder can have better access to design teams, funding, contractors and project systems. Prestige also has experience across homes, offices, malls and hotels.

Its listed status is another useful point. Buyers can study audited results and company filings instead of depending only on sales claims.

However, the Prestige name should not replace legal checks. Every project has its own:

• Land title
• Local approvals
• RERA number
• Price
• Payment plan
• Construction timeline
• Possession date

Prestige Group Net Worth and Market Value

Prestige Group does not publish one fixed figure called “Prestige Group net worth.” The listed market value of Prestige Estates Projects Limited changes with its share price and total shares. A value shown in one month may become outdated later.

Readers should check the live NSE or BSE value for the current market capitalisation. To study company strength, audited results, collections, debt, assets and the project pipeline are more useful than an old net-worth figure.

Prestige Group Annual Report

The Prestige Group annual report is published under Prestige Estates Projects Limited. It includes audited accounts, business risks, project updates, debt, income and board details.

The FY26 audited results were released in May 2026. The company also publishes quarterly results, investor presentations and operational updates on its investor page.

Buyers can compare these company filings with the RERA documents of the project they are considering.

Prestige Group Rating and Recognition

Prestige received a CRISIL DA1+ builder grade for the period from 20 January 2023 to 19 January 2024. The certificate rated the company’s ability to complete projects at the stated quality and time level as excellent.

That certificate had a fixed validity period. It should not be shown as a current 2026 rating unless Prestige or CRISIL releases a newer valid certificate.

Awards and ratings should always mention the year because they can expire or change.

What Buyers Should Check Before Booking

Before making a payment for any Prestige project, buyers should check:

• Project RERA number
• Land title and survey details
• Approved master plan
• Carpet and built-up area
• Final cost sheet
• Payment schedule
• Cancellation terms
• Construction status
• Completion date
• Possession date
• Official bank details
• Payment receipt

For Prestige Falcon City Chennai, buyers should wait for the Tamil Nadu RERA number and final launch papers before treating any price, offer or booking term as confirmed.

Is Prestige Group a Good Builder?

Prestige Group has almost four decades of experience, a large delivered portfolio and a listed company structure. Its FY26 sales, collections, launches and deliveries show that it works at a large scale.

These facts may build buyer trust. But no builder name can remove every project risk. The final choice should depend on the exact project documents, price, location and construction timeline.