Prestige Group

Prestige Group is the most trusted Real Estate firm in India, founded by Razack Sattar in 1986. The firm is based in Bangalore and operates in the top cities of India. The company is nearly four decades old and has completed more than 300 projects. It has delivered a 180 million sq ft area and currently owns a 170 million sq ft developable area. The group's head office is in Bangalore, where the company has launched 150 projects. It has a presence in major cities across India, including Bangalore, Chennai, Hyderabad, Kochi, Mangalore, Mumbai, and Goa. Prestige Group Bangalore is the company's largest hub, with countless iconic projects. The company's headquarters, Prestige Falcon Tower, No. 19, Brunton Road, Bengaluru - 560 025, stands as a testament to their roots in the city.

Prestige Group Owner

Prestige Group or Prestige Estate Construction LTD is one of India's leading real estate companies. The owner of the premium Prestige Group is Mr Irfan Razack, the founder and driving force behind the company's growth. The group is also led by his brothers, Rezwan Razack and Noaman Razack. He guides the company with strong business acumen and ethical principles.

History of Prestige Group

The prestige group's great history begins with the retail business started by the founder, Mr Razack Sattar, in 1986, along with the partnership firms. Later, the group saw great success with its first project, and real estate saw the completion of its very first project, Prestige Court on KH Road, Bangalore. Responsibility then passed to his sons, Irfan Razack, Rezwan Razack, and Noaman Razack. The group's regional office has since moved from Commercial Street to No. 303, 'Copper Arch', No. 83, Infantry Road, Bangalore 560001, and then to Prestige Falcon Towers, No. 19, Brunton Road, Craig Park Layout, Ashok Nagar, Bengaluru, Karnataka 560025. By the 2000s, Prestige had expanded into eight cities, and today it has a presence in 13 major cities across India.

Prestige Group Awards

Prestige Group has received over 260 awards for their achievements in the real estate industry. It has been used for residential projects, malls, tech parks, and SEZs.

• 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.
• SAP Ace Award - Best Customer Experience Transformation
• Realty Lifetime Achievement Award - Irfan Razack
• CWAB – India’s Top Builders Award
• LEED Gold Certification – Prestige Technostar
• Realty Award - Mixed-Use Project of the Year

Prestige Group Bangalore

Prestige Group Bangalore is the largest hub of the Prestige Group, with its headquarters, and has developed several projects. They launched 150 residential projects in the city covering 127 mn sq. ft. It also holds around 5.2 million sq ft of completed stock in Bangalore. The completed townships have covered over 65 mn sq. ft. of land area in the best localities of the city.

Here are some best projects in Bangalore by Prestige Group:

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

Prestige Group Net Worth and Financials

Prestige Group's net worth is Rs. 725.26 billion, and its share price is Rs. 1,808. It is ranked 1,845th globally in market capitalisation. According to the recent financial report by Prestige Group, the revenue was Rs. 81.21 billion. The latest financial reports are Prestige Group's earnings of Rs. 34.82 billion. The notable increase from Rs. 33.93 billion in 2023 and Rs. 24.87 billion in 2022. For 2024, the earnings are Rs. 34.54 billion. The company showed a 230.3% increase in market performance between 2023 and 2024. The market value of Prestige Estates Projects Ltd. is about ₹706.39 billion as of the most recent reporting.

FAQs
1.Who is the owner of Prestige Group?

A - Irfan Razack owns Prestige Group and serves as its Chairman and Managing Director. He co-founded the company in 1986 with his brothers Rezwan and Noaman Razack, turning it into one of India’s leading real estate firms.

2.What does Prestige Group do?

A - 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.

3.Is Prestige a good builder?

A - Yes, Prestige is seen as a very reliable builder. Their construction quality, project planning, and customer service have earned them a solid reputation.

4.How much is Irfan Razack worth?

A - 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's latest pre-launch project is Prestige Avon, a 3-acre development on Thanisandra Main Road in North Bengaluru, offering 2 and 3 BHK apartments from ₹1.73 Crore.