Prestige Group Bangalore
Prestige Group Bangalore is the Bangalore-headquartered real estate arm of Prestige Estates Projects Ltd., and it is one of the most influential developers in the city today. From its origins in 1986 under founder Razack Sattar to becoming a pan-India listed company, Prestige has delivered 300+ projects spanning over 190 million+ sq ft nationwide. In Q1 FY26, the group achieved record quarterly sales of ₹12,126 crore, of which 21 % (≈ ₹2,550 crore) came from Bangalore operations. This introduction signals not only who they are, but how central Bangalore remains in their growth story.
Below is a snapshot of what Prestige does in Bangalore, followed by deeper insights.
- Headquarters & presence: Bangalore is the nerve center of operations; many major projects originate here.
- Project pipeline (FY26): Out of 25 new projects to be launched across India, 13 are in Bangalore, covering ~44.8 million sq ft in total developable area.
- Sales contribution: In Q1 FY26, Bangalore contributed 21 % to the group’s sales mix by value.
Prestige has multiple residential, mixed-use, retail, and commercial assets in Bengaluru. Examples include:
- Prestige Falcon City Luxe, Prestige Evergreen @ Raintree Park, Prestige Southern Star are among the upcoming launches in Bangalore.
- Over time, Prestige has delivered dozens of projects in Bangalore (residential, malls, offices). According to one source, there are “20 completed residential projects and 17 ongoing projects” in Bangalore.
- The group holds RERA-compliant status and high credit ratings in Karnataka, fueling trust in its Bangalore operations.
- Location: Situated on Kanakapura Main Road, near the Konanakunte Cross Metro Station in South Bangalore.
- Property Type: Offers premium apartments with 2, 3, and 4 BHK configurations.
- Project Size: Part of the larger 41-acre Prestige Falcon City township.
- Price: Apartments start from ₹1.4 crore.
- Location: Located on Varthur Main Road in Whitefield, East Bangalore. It is the second phase of the larger Prestige Raintree Park Township.
- Property Type: Features a forest-themed community with 3, 3.5, 4, and 5 BHK apartments.
- Project Size: The Evergreen phase covers 21 to 28 acres within the 107-acre township.
- Features: Amenities include a clubhouse, swimming pool, gym, yoga space, and landscaped gardens.
- RERA: The RERA number is PRM/KA/RERA/1251/446/PR/270824/006981.
- Location: Situated on Begur Main Road in Akshayanagar, South Bangalore.
- Property Type: Offers apartments in 1, 2, 3, and 4 BHK configurations. There are also ultra-luxury villas available.
- Project Size: Phase I of the apartment project spans 34 acres. The villa section covers over 30 acres.
- Timeline: The official launch was in March 2025, with possession for apartments targeted for September 2029. The villas are expected to be completed by December 2028.
- RERA: The RERA number for Phase I of the apartment project is PRM/KA/RERA/1251/310/PR/210325/007603.
This is about the Prestige Group Bangalore owner and leadership structure at large.
- The founder of the group is Razack Sattar.
- Today, Irfan Razack is the Chairman & Managing Director of Prestige Estates Projects. He heads strategic direction and retains significant control.
- His brothers, Rezwan Razack and Noaman Razack, are key executives: Rezwan handles malls/offices, and Noaman oversees retail/leisure verticals.
Thus, the Prestige Group Bangalore owner can be said to be the Razack family, with Irfan Razack as the primary face of leadership.
Here’s what is known (or estimated) about earnings in the Prestige organization, especially senior leadership.
- In FY 2023–24, Irfan Razack is reported to have drawn a salary of ₹8.6 crore (inclusive of allowances and bonuses).
- For employees in Bengaluru operations (middle & junior levels), public data is scarce. Based on industry norms in large real estate firms in Bangalore, compensation varies widely by role (e.g. sales, engineering, marketing).
- However, for a leadership position or senior management in a major real estate firm, six- to seven-digit salaries (INR lakhs to crores) are typical in Bangalore’s market.
Many gauge a real estate firm’s strength by financials, reputation, delivery, and trust. Here are facts that support (or temper) the view:
- In Q1 FY26, prestige recorded sales of ₹12,126 crore, a ~300 % year-on-year growth.
- Bangalore contributed significantly to that, affirming its strength at the core market.
- In FY25, the group’s combined sales bookings were around ₹17,023 crore, and it is aiming ₹27,000 crore in FY26 (≈ 59 % growth) with a strong launch pipeline.
- The group plans to launch ₹42,000 crore worth of projects in FY26; notably, 13 of those are in Bangalore.
- Credibility: They have completed 300+ projects nationwide, hold strong credit ratings in Karnataka, and enjoy RERA accreditation.
- Real estate is cyclical, and delays in approvals and regulatory hurdles can stall projects.
- Large unlaunched inventory and aggressive targets may stress execution discipline.
- For Bangalore specifically, competition is intense, and land costs are high, squeezing margins.
Given all of this, Prestige is considered a reputable, well-capitalized company with a strong base in Bangalore, though performance consistency remains critical in real estate.
| Metric | Value / Detail |
| Prestige Group net worth | ~₹108,678 crore (as per some sources) |
| Market capitalization | ~₹70,639 crore (as of August 2025) |
| Q1 FY26 sales (all geographies) | ₹12,126 crore |
| Bangalore’s share in Q1 FY26 sales | ~21 % |
| FY26 sales booking target | ₹25,000–₹27,000 crore |
| New project launches in FY26 (India) | ₹42,000 crore, 25 projects |
| New launches in Bangalore | 13 projects out of 25 |
These figures show that while Prestige is expanding across India, Bangalore remains a central pillar of its business.
In the group’s geography mix, Bangalore consistently contributes a significant share of sales, launches, and pipeline. The fact that 13 of 25 FY26 new projects are in Bangalore underlines this.
Prestige holds high credit ratings, RERA compliance, and is led by a family plus experienced executive team. Their corporate disclosure (investor presentations) lends transparency.
While top leadership remuneration is documented (e.g. ₹8.6 crore for Irfan Razack in 2023–24), salaries for other levels vary by role, location, and experience. In Bengaluru’s real estate firms, compensation tends to be competitive with the city’s cost of living and role responsibilities.
Prestige Group Bangalore is not just a regional branch — it is the heart of Prestige Estates Projects’ identity and growth engine. With major project launches, strong sales contribution, and sustained leadership from the Razack family, it remains a credible and influential developer in Bengaluru’s skyline. The documented salary at the top level, combined with consistent financial performance, further cements Prestige’s image as a solid company in the real estate sector. As with any real estate venture, risks exist, but the group’s historical delivery and strong financials make it a worthwhile name to watch or engage with.
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