Prestige Group
Prestige Group is one of India's top real estate companies, established by Razack Sattar in 1986. It is a company known for its premium projects with best built quality and timely completion. The group has worked in all sectors of real estate and has launched 300 projects in many parts of India. It is committed to launching many more luxury projects with innovative features to cater to the requirements of buyers.
The group's head office is in Bangalore, where the company has launched 150 projects. In Bangalore, the firm has developed many townships, with Prestige Raintree Park in Whitefield being one of the most anticipated launches. Prestige Group is known for its innovative approach, bringing numerous firsts and pioneering significant advancements in South India.
Current Operational Status of Prestige Group
- The firm has worked on 300 projects in India.
- It is currently working on 58 projects in India, and 48 projects are upcoming and worked on more than 190 million sq. ft. land area across India.
- There are 20 finished residential projects in Bangalore, and 17 are ongoing. These townships are expected to be finished in the upcoming years.
- There are 37 upcoming top-notch residential projects launching in the FY 2025 in Bangalore.
Prestige Estates Projects Ltd. Company History
Prestige Group has set a legacy of 38 years and has made itself the top property developer in South India. The key details of the company's annual growth and history are:
- Established in 1986, Prestige Constructions has a long-standing reputation for excellence in the real estate industry.
- The company has developed numerous residential, commercial, retail, leisure, and hospitality projects across major cities in India.
Prestige Group Owner and Directors
The owner of the premium Prestige Group is Mr Irfan Razack, who is the MD and CEO of the company. The group is also led by his brothers, Rezwan Razack and Noaman Razack. He guides the company with strong business acumen and ethical principles. He is a visionary and a real estate icon who inspires the company's success. He possesses the ability to create opportunities and the determination to make his vision a reality. Under his capable leadership, Prestige has achieved the distinction of being the only developer in India with a CRISIL DA1 rating. Also, the company has received top financial ratings of A+ and A1+ from ICRA.
The Current Directors of the Group are:
- Irfan Razack - Chairman and Managing Director
- Dr. Rezwan Razack - Joint Managing Director
- Noaman Razack - Whole-time Director
- Uzma Irfan - Director
- 5 Independent directors and 5 other directors
Prestige Group Awards and Recognition
The firm has received many awards for its excellent work. It has received recognition for residential projects, malls, and tech parks, SEZs. It has received more than 200 awards for its great achievements. Some of the awards received by the group are:
In FY 2024
- CNBC Real Estate Awards for Forum Mall Kochi
- Prestige Leela Residencies won the CNBC Real Estate Awards for the best residential project.
- FIABCI Prix D Excellence Awards was awarded to JW Marriott Prestige Golfshire Resort & Spa
- Retailers Association of India to Mr. Irfan Razack as Modern Shopping Center Pioneer.
In FY 2023
- Lifetime Achievement Award by IHC London & IIHM to Mr Irfan Razack.
- UB City was awarded with Retail & Shopping Centre Congress & Awards for Best Thematic Decoration.
- Retail Shopping Center Awards - Forum Falcon City Mall - Most Admiring Shopping Centre Launch of the Year and Forum Thomsun Mall for Upcoming Mall of the Year.
Prestige Group Bangalore
Prestige Group Bangalore has gained trust in every sector it has worked on, and all the major decisions are taken here. The address of the office of the company is Prestige Falcon Towers, 19, Brunton Rd, Bengaluru, Karnataka 560025. The builder has launched 150 residential projects covering 127 mn sq. ft. The completed townships have covered over 65 mn sq. ft. of land area in the best localities of the city.
Bangalore is a prime IT hub of India, offering many job options. It has seen a huge growth in the population because of the IT firms. The rise in population also increased the need for homes. Big builders like Prestige have launched many top projects in the city.
Some of the best projects of Prestige Group are:
- Prestige Kings County
- Prestige Park Grove
- Prestige Glenbrook
- Prestige White Meadows
- Prestige Spencer Heights
- The Prestige City
The developer is also launching many grand residential projects in FY 2025. Some of them are:
- Prestige Southern Star
- Prestige Raintree Park
- Prestige Pine Forest
- Prestige Falcon City Luxe
- Prestige Greenmoor
- Prestige Camden Gardens
- Eaton Park @ TPC
- Prestige Suncrest
- Prestige Marigold Ph II
- Prestige King's County
- Prestige Sunset Park
- Prestige Gardenia Estates
About the Logo and Tagline
Prestige Group's logo is a 'phoenix bird,' which symbolizes strength, power, and loyalty. Its Tagline is mentioned below its logo, 'Adds Prestige to your life,' to which the company adheres with grace. It has shown its commitment by delivering the best quality projects in the prime areas of India.
Prestige Real Estate Subsidiaries
The company has grown into various services with capable leaders over time. It provides many different services in South India. From interior design by Morph Design Company (MDC) to best men's formal wear with Prestige Fashions (P) Ltd. It is the sole developer in South India with a wide range of projects.
Some of the company's subsidiaries are:
- Falcon Property Management Services
- Prestige Projects Pvt Ltd
- Prestige Golfshire club
- Spring – Planet resourcing
- Prestige – The Man Store
Prestige Group pre launch new projecty is Prestige Spring Heights.
FAQs
The owner of Prestige Group is Irfan Razack. He’s the man who started it all. From its early days in Bangalore, he guided the company with a clear vision, helping it grow into one of the most trusted names in Indian real estate.
Prestige Group develops real estate projects. They’re known for building homes, commercial towers, tech parks, malls, and hotels. Most of their work is in big cities like Bangalore, Hyderabad, Chennai, and Mumbai. They focus a lot on quality, design, and large-scale townships.
The CEO of Prestige Group is Venkat K Narayana. While Irfan Razack remains the chairman, Venkat looks after the group’s overall operations and business growth, especially in expanding the company’s presence across India.
Noaman Razack is Irfan Razack’s son. He’s involved in the company too and mainly looks after Prestige’s retail division, which includes their well-known Forum shopping malls.
Prestige Group does not have a permanent brand ambassador at the moment. Over the years, they’ve occasionally partnered with public figures for certain projects, but they’ve mostly built their name through strong delivery and customer trust.
As per available business reports, Irfan Razack’s net worth is estimated to be between ₹4,500 and ₹5,000 crore. He’s often listed among India’s wealthiest people in the real estate sector.
Prestige Group is considered to be among the top 5 real estate developers in India. They have delivered hundreds of successful projects and are especially well-established in the South Indian market.
Yes, Prestige is seen as a very reliable builder. Their construction quality, project planning, and customer service have earned them a solid reputation. Many homebuyers prefer Prestige projects for their design and timely completion.
Prestige Group is generally viewed as a well-run and trustworthy company. Whether it's from a buyer’s or an employee’s perspective, most people see them as professional, dependable, and serious about delivering value.
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