Prestige Group

Razack Sattar founded Prestige Group in 1986 in Bangalore. Before the family entered the real estate business, they ran a successful retail business. Their first major real estate project was Prestige Court in Bangalore.

In the later years, the company started their work to expand into residential, commercial, retail, and hospitality areas. Today, Irfan Razack and his brothers lead the firm. They have completed over 300 projects and are now one of South India’s most reliable developers.

Prestige Group Owner

The Razack family owns and manages the company.

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

They oversee all major real estate projects and have turned Prestige into one of the leading brands across India's top cities.

Prestige Group Net Worth

Prestige Group's value is followed through its listed firm, Prestige Estates Projects Ltd. The market value of Prestige Estates Projects Ltd was around Rs. 74,000 Crore, which is almost $9 billion USD, by the end of 2025.

The value of Prestige Group is tracked through Prestige Estates Projects Ltd. Prestige Estates Projects Ltd is listed on the stock exchange with the code PRESTIGE.NS.

It earned Rs. 6,017 crore in sales in Q2 FY26. It is expected to beat last year’s total in just six months. New projects in major markets drive this growth. The company is also expanding into NCR and Mumbai. The founders have a combined wealth of nearly $6 billion USD. This makes Prestige one of India’s most valuable developers.

Recent News About Prestige Group

• Strong FY26 Performance: Prestige has had a great year so far in FY26. The company did well in the first half of FY26 because of some big launches and the fact that it moved into Mumbai, Goa and NCR. Prestige is also getting ready to do an Initial Public Offering for the part of the company that handles hospitality. On top of that, it is buying land to use for Prestige projects in the future.
• Major Project Launches: The Prestige City, Indirapuram, Phase 2 was launched, offering 620 homes that are worth Rs. 2,200 crore, while Phase 1 has already reached ₹8,000 crore in sales. In Mumbai, new projects worth ₹2,000 crore are planned in Mira Road, with more coming in Thane and Navi Mumbai.
• Expansion in several major cities:
• Expansion in the top Cities: Prestige is growing strongly in the NCR, with new projects planned in Gurgaon, Delhi, and Noida by 2026. In Pune, it bought 4.57 acres of land for Rs. 200 crore. Across Bangalore, Hyderabad, Chennai, and Mumbai, it acquired 102 acres in Q1 FY26. This land can generate Rs. 20,000 crore in revenue.
• New Premium Projects: Prestige is getting ready to start some projects that are being planned for the mixed-use developments. Prestige is launching New Premium Projects to make its premium portfolio stronger.
• Financial Growth and IPO Plans: The Group is looking to increase its sales bookings by 59 percent and reach Rs. 27,000 Crore by the time FY26 is over.
• The Group's hospitality division is filing for a big initial public offering of Rs. 2,700 Crore IPO.
• The Ghaziabad township will be really important for The Group as it could bring in a lot of money and may generate Rs. 12,000 Crore in revenue, from this one place.

Prestige Group Annual Report

Prestige Group is one of the most reliable real estate brands in India that has been delivering quality projects for 38 years. It has worked on several housing, commercial, hospitality, etc projects and includes a portfolio of over 300 projects.

Over 50,000 happy families now live in the company's ready-to-move-in homes, and it also has many ongoing and upcoming projects. Many are planned for launch in the year 2026.

Prestige’s portfolio includes:

• Residential apartments and Villa developments
• Commercial offices and shopping centers
• Hotels and hospitality
• Golf courses and many more

The company has finished nearly 350 projects covering more than 180 million sq. ft. Its projects are located in cities like Bangalore, Mangalore, Calicut, and Goa, Hyderabad, Chennai, Kochi, and Mumbai.

Here is a breakdown of the area covered by the firm for its different sectors:

• 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 Falcon City Chennai, Prestige City Bidadi, Prestige Pine Forest, Prestige Evergreen, and others.

Prestige Group has received ample awards for its contribution to real estate. Some of its top recognitions include:

* IHC London and IIHM Lifetime Award

* Award for Best Shopping Mall Launch – Forum Falcon City

* Upcoming Mall of the Year was given to Forum Thomson Mall (2023)

* SAP Ace Awards 2022

* CWAB 2022 – India’s Top Builders Award

The awards of the builder show the hard work, commitment to work, and strong market value.

Prestige Group Logo and Tagline

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

Prestige Group Bangalore

The Prestige Group has its office in Bangalore. This company has started a lot of projects in Bangalore, like around 150 projects for homes. These projects cover a big area of 127 million square feet and have already completed a part of these projects, which is around 65 million square feet of townships in Bangalore. Some of the projects in Bangalore that people know about include:

• Prestige Park Grove
• Restige Spencer Heights
• The Prestige City
• Prestige Glenbrook
• Prestige Greenmoor
• Prestige Sunset Park
• Prestige Gardenia Estates

Prestige Group’s Subsidiaries

The Prestige Group has gone into a lot of areas and services, which makes it one of the most varied builders in South India. The company has smaller companies that are part of the Prestige Group. These are:

• 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 really stands out from the rest, and the reason is that it always puts its customers first and makes sure that the construction quality is the best it can be. The firm also finishes its projects before the deadline.

For a buyer, buying a Prestige property is a smart thing to do. This is because Prestige properties are worth a lot after many years. People can resell these properties for a profitable price. These are also very reliable properties, in the long run.