Prestige Group

The Prestige Group is a prominent and South India’s second largest real estate builder founded by Razack Sattar in 1986 in Bangalore. The group starts its journey from its route of origin, Bangalore, which has its presence in 9 popular states and 13 major cities across India. Currently, the group has over 35 new residential projects to launch all over India, which is 46 mn sqft.

The group has developed over 350 projects across major cities in India. Their projects cover more than 180 million square feet of land by June 2025. They are well-known for building residential apartments, commercial spaces, malls, and hotels.

Below is the list of the entire portfolio of the Prestige estates, including the residential, commercial others. They are :

Prestige Residential Projects in India

• 152 completed housing projects covering about 130 million sq ft
• 56 ongoing projects spread across 72 million sq ft
• 32 new launches planned in 2025, adding nearly 69 million sq ft

Prestige Commercial Spaces – Offices & Business Parks

• 125 completed commercial projects totalling 49 million sq ft
• 12 projects under development, covering 23 million sq ft
• 7 upcoming office spaces with a total area of 8 million sq ft

Prestige Retail Malls & Shopping Destinations

• 13 completed malls and retail spaces spread over 10 million sq ft
• 1 retail project under construction of 1 million sq ft
• 12 new retail projects coming up in 2025–26, covering 13 million sq ft

Prestige Hotels & Hospitality

• 12 completed hotel projects covering 4 million sq ft
• 3 hospitality projects ongoing, with 3 million sq ft
• 11 upcoming hotels and resorts, together spanning 4 million sq ft

Latest Prestige Group News – September 2025

On September 1, 2025, Prestige Group Chairman Irfan Razack said that Karnataka’s property registration fee hike will make homes more costlier for buyers. He points out that the increase adds almost ₹1 lakh to a property worth ₹1 crore, making housing less affordable.

On the same day, Prestige announced that Incia Bagasrawala Gupte has joined the company under its Prestige 2.0 plan. With over 25 years of experience, she will focus on growing the office and leasing business.

On September 2, 2025, Prestige said it had bought 102 acres of land in Q1 FY26. The group plans to develop housing worth about ₹20,000 crore on this land, adding to its upcoming residential pipeline.

Prestige Evergreen Whitefield – East Bengaluru, most-awaited Upcoming Project by Prestige Group 2025:

Prestige Evergreen is the latest upcoming residential apartment project in Whitefield, East Bangalore, by Prestige Group, and is scheduled for launch in October 2025. Located on Whitefield Varthur Road, the project is planned as the second phase of Prestige Raintree Park. Spread across 28 acres, featuring 2000 premium apartments with 1 BHK, 2 BHK, and 3 BHK homes designed for modern families.

As part of Prestige Group’s new projects in Whitefield, Bangalore, it integrates modern technology platforms, lifestyle amenities, and retail spaces. The official launch is set for October 2025, making it one of the most-awaited Prestige upcoming projects in East Bangalore.

Prestige Group in the Headlines – Key News & Announcements (July–Aug 2025)

• On August 7, 2025, Chairman Irfan Razack said that higher land costs, rising taxes, and a shortage of affordable homes could slow down the real estate market.
• On July 31, 2025, the group announced golf-themed, resort-style homes in Goa, Lonavala, and Hyderabad, aimed at NRI and luxury buyers.
• On July 27, 2025, Prestige was mentioned as part of a new trend where malls, hotels, and restaurants are being turned into spaces for art and culture.
• On July 22, 2025, it was reported that luxury housing sales in Mumbai rose by 11% in the first half of the year, with Prestige contributing through new launches.
• On July 14, 2025, the company said it will increase its focus on mid-market homes priced between ₹2–3 crore, targeting salaried buyers.
• On July 10, 2025, Prestige highlighted a revival in South Mumbai’s luxury housing market, supported by its premium projects.
• On July 9, 2025, the group expressed interest in Indirapuram, which is quickly growing as a real estate hub.

Prestige Group Bangalore

Prestige Group, led by Irfan Razack, is today the top name in Bangalore real estate. For more than 30 years, the company has shaped the city with its apartments, villas, office towers, shopping malls, and hotels. Its head office is located at Prestige Falcon Tower, No. 19, Brunton Road, Bengaluru, Karnataka 560025.

Buyers in Bangalore trust Prestige for its quality homes, transparent dealings, and timely delivery. On many platforms, the group has an average rating of 4.5 out of 5. Prestige is also seen as a good employer, offering career growth and a competitive salary for beginners and good support for sales enthusiasts. Salaries range from ₹4–6 LPA for sales roles to ₹30 LPA and above for senior positions. For enquiries, bookings, or career opportunities, you can contact Prestige Group Bangalore at +91- 80-25591080.

Here is the list of the officially notified Upcoming Projects of the Prestige group in Bengaluru for 2025 - 2026:).

Prestige Group has a very large pipeline of 18 new projects in Bangalore, spread across 22.71 million sq ft. These include high-rise apartments, villa townships, and plotted developments across all major growth corridors of the city.

• List of Projects:
  • Prestige Southern Star Ph II
  • Prestige Falcon City Lane
  • Eaton Park @ TPC
  • Prestige Falcon City
  • Evergreen @ Prestige Raintree Park
  • Prestige Avon
  • Prestige Forest Edge
  • Prestige Marigold Ph II
  • Prestige Greenbrook
  • Prestige Autumn Leaves
  • Prestige Oakville
  • Prestige Windgates
  • Prestige Gardenia Estates Ph II
  • Prestige Crystal Lawns
  • Prestige Park Ridge
  • Prestige Greenwood
  • Prestige Park Street
  • Prestige Grove Hills

Some of the top and best ongoing projects by Prestige Group in Bangalore are:

• Prestige Raintree Park
• Prestige Kings County
• Prestige Somerville
• Prestige Camden Gardens
• Prestige Glenbrook

Growth and Net Worth

The total net worth of Prestige Group, as of August 2025, is approximately ₹70,510.54 Crore ($8.47 billion). The current share value is approximately ₹1,637. The firm has increased its total assets over the years, which has expanded its huge wings all over the country.

Prestige Group Mumbai

Prestige Group Mumbai, with its office in Bandra East, has already delivered around five major projects in the city. Notable ones include Prestige Jasdan Classic (Byculla), The Prestige City Mulund (Bellanza Towers), Prestige Daffodils (Bandra West), and Prestige Nautilus (Worli).

In August 2025, Prestige Construction Company signed a deal for a ₹12,500 crore MoU with the Maharashtra government, which has several large projects, including a data centre campus in Navi Mumbai.

Officially Announced Prestige Upcoming Projects in Mumbai (2025–26)

Prestige has confirmed 3 new launches in the Mumbai market, together spanning 1.63 million sq ft. All these developments will be rolled out under MahaRERA approval, ensuring legal safety, transparent transactions, and timely delivery for homebuyers.

List of Upcoming Projects:

• Prestige Forest Hills, Mulund – Phase II
• Prestige Horizon Heights
• Residential @ The Prestige Place

These projects are expected to be among the most-awaited residential launches in Mumbai 2025, strengthening Prestige’s presence in Mulund, Navi Mumbai, and emerging city hubs.

Prestige Group Hyderabad

Prestige Group Hyderabad, part of Prestige Constructions, is one of the top real estate developers in Telangana. The company handles residential, commercial, retail, and hospitality projects across the city.

• Prestige Group Hyderabad Address:
• Prestige Estates Projects Ltd.
• 5th Floor, SLN Terminus
• Survey No. 133, Gachibowli–Miyapur Road
• Gachibowli, Hyderabad – 500032, Telangana, India

Official Prestige Upcoming Projects in Hyderabad (2025–26)

Prestige has 2 upcoming projects in Hyderabad, together covering 13.42 million sq ft under TSRERA approval:

• The Prestige City @ Hyderabad – Apartments
• The Prestige City @ Hyderabad – Villas

Record-Breaking Sales Performance in Q1 FY26:

Based on the screenshot from the Prestige Investor Presentation for Q1 FY26, the company's operational highlights include a record-breaking performance with total sales of ₹1,21,264 million, a 300% year-on-year increase, and collections of ₹45,227 million. They sold a total area of 9.55 million square feet and 4,718 units, with average realisation rates of ₹13,339 per square foot for apartments and villas, and ₹7,343 per square foot for plots.

Prestige Group Employment and Careers:

Prestige Group offers various career opportunities in fields like architecture, engineering, marketing, and sales. With more than 4,000 employees, the company provides a strong platform for career growth. They are known for their employee- friendly policies and professional work environment. Prestige Group Careers also conducts regular training programs to help employees improve their skills & stay updated with industry trends.

Prestige Group Real Estate Expansion | Prime Land Acquisitions Across South India:

Prestige Estates Owner and Family

The Prestige Group Owner, Mr. Irfan Razack, has been instrumental in the company’s success. He is the son of the founder, Mr. Razack Sattar. Irfan Razack, along with his brothers, Mr. Rezwan Razack and Mr. Noaman Razack, manages the company. The Razack family is well-respected in the real estate industry for their vision and commitment to quality.

Prestige Group Logo

The Prestige Group logo is a symbol of luxury and trust. It features a sleek design with the word "Prestige" in bold letters. The logo often includes a golden eagle, representing strength and vision. It reflects the group's commitment to quality and excellence in real estate.

Prestige Group Awards

Prestige Group has received over 260+ awards since 2007 for its outstanding work in real estate, including the FIABCI Award for excellence. Prestige Group is the only firm that CRISIL DA1+ has reviewed among real estate companies in India. Some of the best awards received by Prestige Group till 2025 for their work are:

• IHC London & IIHM Lifetime Achievement Award
• Award for Admiring Shopping Centre Launch – Forum Falcon City
• Upcoming Mall of the Year – Forum Thomson Mall
• SAP ACE Awards 2022 – Excellence in Enterprise Implementation
• CWAB Awards 2022 – India’s Top Builders to Prestige Estates
• The Best of Bharat Awards 2022 – National Recognition for Excellence
• BT Mindrush – Best CEO in Real Estate (Irfan Razack)

Prestige Group Faqs

1. Who owns Prestige Group?

Prestige Group is owned by the Razack family. It was founded by Razack Sattar in 1986 and is now led by his sons — Irfan Razack (Chairman & MD), Rezwan Razack (Joint MD), and Noaman Razack (Whole-time Director).

2. Who is the CEO of Prestige Group?

The company is headed by Irfan Razack, who serves as Chairman and Managing Director. He is often regarded as the CEO of the group.

3. What does Prestige Group do?

Prestige Group is one of India’s leading real estate developers. As of FY2025, it has completed over 300 projects covering more than 190 million sq ft, with another 90+ million sq ft under development. Its portfolio includes residential apartments, villas, office spaces, malls, hotels, and data centres.

4. Is Prestige Group real or fake?

Prestige Group is a real, stock-listed company (NSE: PRESTIGE, BSE: 533274) with a track record of 38+ years in real estate. It has delivered projects across Bangalore, Hyderabad, Chennai, Mumbai, Pune, and Kochi, making it one of the most trusted builders in India.

5. Is Prestige owned by Vijay Mallya?

No. Vijay Mallya has never owned Prestige Group. It is fully owned and managed by the Razack family.

6. What is the salary of Prestige Group’s CEO?

The annual pay of Irfan Razack has ranged between ₹8.6 crore and ₹25 crore in recent financial years, depending on company performance and profit- linked incentives.

7. Where is Prestige Group headquartered?

The head office of Prestige Group is located at Prestige Falcon Tower, No. 19, Brunton Road, Bangalore – 560025, Karnataka, India.

8. How many projects does Prestige Group have?

As of FY2025, Prestige has delivered over 300 completed projects, has 56 ongoing projects covering 72 million sq ft, and 32 upcoming projects planned across India.