Prestige Group

Prestige Falcon Towers, 19, Brunton Road, Bengaluru - 560025, Karnataka, India

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About Prestige Group

Summary

Prestige Group is a prominent Indian real estate development company based in Bangalore, founded in 1986 by Razack Sattar. It has since expanded its operations across multiple cities, including Chennai, Kochi, Hyderabad, Mumbai, Delhi-NCR, and Goa, among others. The company has completed over 300 projects, covering a total area of more than 190 million square feet, and currently has 56 ongoing projects across various segments.

Prestige Group operates in several sectors including residential, commercial, retail, hospitality, property management, and warehousing. Notable residential projects include Prestige Shantiniketan, Prestige Golfshire, and Prestige Lakeside Habitat, while its retail developments include large-scale malls in cities like Mumbai, Bengaluru, and Chennai. The company’s diversification extends to ventures like Morph Design Company and Prestige Fashions, reflecting its broad service offerings.

In 2025, Prestige Group entered the Delhi-NCR market with its first large-scale residential township, The Prestige City – Indirapuram in Ghaziabad, with an investment of ₹7,000 crore. This development spans 62.5 acres and includes over 3,400 residential units, as well as integrated retail and educational facilities.

The company has received several accolades, including the FIABCI World Prix d’Excellence Award in 2009, 2016, and 2019. Prestige Group holds a CRISIL DA1+ rating and ICRA A+ credit rating, further affirming its financial stability. With a land bank of over 728 acres, the company is poised for continued expansion, with projects in various stages of development across India.

History

Prestige Group, an Indian real estate development company headquartered in Bangalore, was founded in 1986 by Razack Sattar, a Kutchi Memon entrepreneur. Initially, the company operated as a retail business. In the 1960s and late 1970s, Razack’s sons—Irfan Razack, Rezwan Razack, and later Noaman Razack—joined the family business, which eventually transitioned into real estate development.

The company’s first real estate project was Prestige Court on KH Road in Bangalore, marking its entry into property development. This move laid the foundation for what would become one of India’s leading real estate firms. Under the leadership of Irfan Razack, who serves as the Chairman and Managing Director, Prestige Group expanded its operations across major Indian cities, including Chennai, Kochi, Hyderabad, Mumbai, Mangalore, Goa, and Delhi-NCR. The company has completed over 300 projects, encompassing more than 190 million square feet of developed area.

Prestige Group has diversified its portfolio to include residential, commercial, retail, hospitality, property management, and warehousing sectors. Notable developments include integrated townships like Prestige Shantiniketan and Prestige Lakeside Habitat in Bangalore, as well as luxury projects such as Prestige Golfshire. In 2025, the company launched its first large-scale residential township in the National Capital Region (NCR), The Prestige City – Indirapuram, located in Ghaziabad, Uttar Pradesh. The project spans 62.5 acres and includes over 3,400 residential units, along with integrated retail and educational facilities.

Throughout its history, Prestige Group has received several accolades, including the FIABCI World Prix d’Excellence Award in 2009, 2016, and 2019. The company is ISO 9001:2008 certified and holds a CRISIL DA1+ rating, reflecting its commitment to quality and financial stability. With a land bank exceeding 728 acres and plans for numerous upcoming projects, Prestige Group continues to be a significant player in India’s real estate sector.

Portfolio

Prestige Group, founded in 1986 by Razack Sattar, is a leading Indian real estate development company. It has developed a diversified portfolio spanning residential, commercial, retail, hospitality, and integrated township projects across major Indian cities. The company has completed over 300 projects, covering more than 190 million square feet, and has established itself as a key player in the Indian real estate sector.

In the residential segment, Prestige Group has delivered several high-profile developments, such as Prestige Shantiniketan, an integrated township in Whitefield, Bengaluru, which includes 3,002 apartments, office spaces, a Sheraton hotel, and the Forum Mall. Another significant project is Prestige Lakeside Habitat, a 102-acre township in Whitefield, Bengaluru, comprising 3,000+ apartments and villas with a range of amenities. The group’s entry into the National Capital Region (NCR) began in 2025 with The Prestige City – Indirapuram, a 62.5-acre township in Ghaziabad, Uttar Pradesh. This development includes over 3,400 residential units, a 1.18 million square foot Forum Mall, and educational and healthcare facilities. Other ongoing and upcoming residential projects are spread across cities like Mumbai, Chennai, Hyderabad, and Delhi-NCR.

In commercial real estate, Prestige Group has developed several prominent office spaces, including UB City, a mixed-use development in Bengaluru featuring office spaces, luxury retail outlets, and service apartments. The Prestige Tech Park, located in Whitefield, Bengaluru, is another major commercial project catering to the growing demand for office spaces in India’s IT sector. The Prestige JRC Signature Towers in Hyderabad adds to the group’s commercial portfolio.

Prestige Group has also made its mark in retail real estate, having developed over 8 million square feet of retail space in cities like Bengaluru, Chennai, and Hyderabad. The group’s flagship Forum Malls in these cities offer a combination of shopping, dining, and entertainment. The Celebration Mall in Udaipur is another notable retail venture.

In hospitality, the group has expanded into the sector with developments like the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center, offering luxury accommodation and event spaces. The Marriott Hotel at Prestige Golfshire, located in Nandi Hills, Bengaluru, is part of a premium golf community development, highlighting the group’s presence in the luxury hospitality market.

Prestige Group has also pioneered integrated township developments, such as Prestige Falcon City in South Bengaluru and Prestige High Fields in Hyderabad. These townships combine residential units, retail spaces, and recreational facilities, offering a holistic living experience that meets the demands of modern urban life.

Leadership Team

Irfan Razack | Chairman & Managing Director
Rezwan Razack | Joint Managing Director
Noaman Razack | Whole-time Director
Uzma Irfan | Director

References

Prestige Group | Top Builder in Bangalore | Real Estate | Prestige Group
Prestige Group | Wikipedia
Prestige Group (@prestigeconstructions) | Instagram
Prestige Group Properties in Lucknow | Home247
Prestige Estates Projects Ltd share price | Screener
Prestige Group: Improving Employee and Customer | SAP
Prestige Group | Top Real Estate Firm | Residential | Prestige Southern Star
Prestige Group: Find New, Ongoing & Upcoming Projects | Hexahome
Prestige Group | Projects | Property Junction
Prestige Group – Crunchbase Company Profile & Funding | Crunchbase
Prestige Group | Indian Yellow Pages
Prestige Group – History, Growth, and Overview | Alice Blue

Prestige Falcon Towers, 19, Brunton Road, Bengaluru - 560025, Karnataka, India

Website https://www.prestigeconstructions.com/

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