Prestige Group
Prestige Group is one of India's most trusted and successful real estate developers. Founded in 1986 by Razack Sattar, the company grew from a family-run retail business into a large property brand. Based in Bangalore, it carries a legacy of over 38 years and has changed the skyline of many major Indian cities.
Today, the Prestige Group of Companies is the only real estate developer in India to hold a CRISIL DA1+ grading. This rating shows their strong ability to deliver high-quality projects on time. With more than 300 completed projects covering 180 million sq. ft., the group is one of the leading players in the industry.
The company is currently led by Mr. Irfan Razack, who serves as the Chairman and Managing Director. Under his leadership, Prestige has expanded across residential, commercial, retail, leisure, and hospitality segments.
Latest Announcements by Prestige Group (December 2025 Update)
As 2025 comes to an end, Prestige Group has reported record-breaking numbers and a strong expansion plan across India. Below are the key updates that matter to investors and homebuyers.
Prestige Group continues to be one of the strongest performers in Indian real estate. In the first half of FY26 (H1), the company reported sales bookings of over ₹18,144 Crores, already crossing its full-year sales from earlier years.
Q2 profit growth: For the quarter ending September 2025, the company posted close to a 95% jump in net profit (around ₹457 Crores). This sharp rise came from strong housing demand, better realisations, and higher operating efficiency, especially in the mid and luxury housing segments.
In 2025, Prestige Group made a big entry into North India with The Prestige City, Indirapuram in Ghaziabad, launched in April 2025.
- Revenue potential: The project is estimated to generate around ₹12,000 Crores.
- Phase 1 success: The first phase, including the Oakwood and Mulberry towers, saw very strong bookings, showing that buyers in NCR are ready to trust and invest in the Prestige brand.
To strengthen its presence in West India, the group has set aside a CAPEX of about ₹10,000 Crores for Mumbai and Pune.
- New launch in Mumbai: In October 2025, Prestige launched Prestige Garden Trails in the Dahisar–Mira Road belt. The 5.2-acre project carries a potential value of about ₹2,000 Crores.
- Pune plans: The group is actively looking for large land parcels in Pune to create township-style developments similar to its flagship projects in Bangalore.
Prestige is also unlocking value in its hospitality vertical. Its subsidiary, Prestige Hospitality Ventures Ltd, has filed the Draft Red Herring Prospectus (DRHP) with SEBI.
- IPO size: Around ₹2,700 Crores.
- Use of funds: The proceeds will help reduce debt and support the expansion of luxury hotels, resorts, and managed hospitality assets across India.
While expanding across India, the group continues to focus strongly on Bangalore, its home market. Key 2025 launches in the city include:
- Prestige Southern Star – A large township in Begur, South Bangalore.
- Prestige Raintree Park – A mixed-use project in Varthur, East Bangalore.
- Prestige Park Ridge – A high-rise, prestige new launch off Bannerghatta Road in South Bangalore, drawing strong early interest from both end-users and investors.
For the next phase of growth, Chairman Irfan Razack has outlined a strategy that includes:
- A bigger push into Data Centers and Warehousing, to tap demand from global firms and logistics players.
- A plan to double the commercial portfolio over the next 3 years, riding on demand from Global Capability Centers (GCCs) and large office tenants.
Legacy of Prestige Group
For close to four decades, Prestige has been associated with trust, luxury, and long-term value. More than 50,000 families live in its completed "Ready to Occupy" homes.
As of late 2025, the Prestige Group net worth is estimated at around ₹800 Billion (₹80,000 Crores) in terms of overall group value and market standing. The Prestige Group share price has also moved up steadily, trading around ₹1,638 in December 2025, reflecting strong investor confidence.
The company manages a land bank of over 728 acres and has 56 ongoing projects in different stages of development.
Prestige Group: A National Presence
While Prestige Construction Bangalore is the core base, the group now has a clear pan-India footprint. It is active in:
- Bangalore
- Mumbai
- Hyderabad (Prestige Constructions Hyderabad)
- Chennai
- Kochi
- Mangalore
- Goa
- Delhi-NCR
The portfolio includes:
- 125+ commercial projects
- 13 malls
- 12 hospitality ventures
Key Projects
The journey started with Prestige Court on KH Road in Bangalore. From that modest beginning, the group now handles some of the most talked-about townships and luxury projects in the country.
Recent and iconic launches include:
- Prestige Park Ridge (major prestige new launch in South Bangalore)
- The Prestige City Hyderabad
- Prestige Raintree Park
- Prestige Park Grove
- Prestige Southern Star
History of Prestige Group
The story began with Razack Sattar, who founded the family business. In the 1960s, his sons Rezwan Razack and Irfan Razack joined him, followed later by the youngest son, Noaman Razack.
The family first focused on retail clothing and lifestyle stores. In 1986, they took a bold decision to move into real estate. That step turned a successful retail business into the Prestige Construction Group, which is now one of India's top property developers.
Prestige Group Owner & Leadership
The business is owned and managed by the Razack family. The main driving force today is Mr. Irfan Razack.
- Role: Chairman & Managing Director
- Experience: Over 48 years in retail and real estate combined
- Other roles: Co-Founder of Inventure Academy, a leading international school in Bangalore
The group remains a family-led company. While Mr. Irfan Razack leads from the front, the next generation has also begun joining the business, helping to carry forward the vision and values of founder Razack Sattar.
Awards and Recognition
Prestige Group has won many awards for design, delivery, and customer experience. Some recent honours include:
- FIABSI World Prix d'Excellence Awards – World Silver Winner
- CWAB Awards – Ranked among India's Top Builders
- BT Mindrush – Best CEO in Real Estate
- Shopping Centre Launch of the Year – Forum Falcon City
These awards underline the group's position as a trusted name in Indian real estate.
Logo and Tagline
The Prestige Group Logo features a majestic Phoenix, a symbol of strength, rebirth, and timeless growth.
- Tagline: "Adds Prestige to your life."
- This line reflects the group's aim to upgrade everyday living for its customers.
Prestige Group Bangalore (Headquarters)
The Prestige Group Head Office Address is at:
From this base, the company has delivered many of Bangalore's best-known landmarks. In the city alone, Prestige has completed townships spanning over 65 million sq. ft.
Some key projects include:
- Prestige White Meadows
- Prestige Golfshire
- The upcoming Prestige Park Ridge
Subsidiaries
Prestige Group is more than a pure-play residential developer. Its ecosystem includes several related businesses and services, such as:
- Falcon Property Management Services
- Prestige – The Man Store
- Prestige Projects Pvt Ltd
- Prestige Golfshire Club
These arms help the group control quality and offer a full lifestyle experience, not just standalone homes.
Frequently Asked Questions (FAQs)
Yes. Prestige Group is widely considered one of the safest choices for homebuyers and investors. It is the only developer in India with a CRISIL DA1+ rating and also holds a strong ICRA A+ credit rating. With more than 38 years of experience and over 300 completed projects, the group has built a solid track record for timely delivery and long-term value.
Mr. Venkat K. Narayana is the Chief Executive Officer (CEO) of Prestige Group. He handles strategy, growth, and day-to-day operations. Mr. Irfan Razack remains the Chairman and Managing Director.
The CEO's compensation changes with performance and year. For FY 2023–24, public filings and reports suggest that the annual remuneration was in the range of about ₹8.6 Crores to ₹12 Crores, matching the scale and performance of the company.
As of late 2025, Irfan Razack's net worth is estimated at over $1.3 Billion (around ₹11,000 Crores). Together, the Razack family's wealth is even higher, placing them among the richest families in Bangalore and one of the top names in India's real estate sector.
Prestige Estates is a large-cap real estate company. Recent annual reports and market estimates point to a turnover (revenue) of about ₹8,000–₹10,000 Crores a year, with sales bookings expected to cross ₹20,000 Crores in FY25–26.
Prestige works with regional leadership for each major zone. Mumbai and the West region are overseen by a senior regional CEO who reports to the central management and board. This leader handles expansion in Mumbai and Pune, including land acquisitions and new launches.
The head office is at:
Prestige Falcon Towers, No. 19, Brunton Road, Bangalore – 560025, Karnataka, India.
Projects like Prestige Park Ridge combine strong location, trusted brand value, and early pricing benefits. Investing here means:
- Transparent paperwork and clear titles
- On-time delivery track record
- Good rental demand in South Bangalore
- Strong resale value due to the Prestige brand
For many buyers, this makes Prestige Park Ridge a compelling long-term investment within the wider Prestige portfolio.
| Call | Enquiry |