Prestige Group

Featured Image of Prestige Group


Prestige Group is a big home builder from India that Razack Sattar set up in 1986, and it has built 313 projects across 206 million square feet. The firm has its main base in Bengaluru and trades on the stock market under Prestige Estates Projects Ltd, with a firm value of over ₹70,000 crore. It builds across 12 big Indian cities, such as Bengaluru, Chennai, Hyderabad, Mumbai, Goa, and Delhi-NCR. Today, the builder has over 100 new projects on the way that add another 170 million square feet of space.

The team clocked over ₹30,000 crore in home sales bookings in just one year, ranking among the top three builders in the country. Top rating teams ICRA and CRISIL have given it strong safety scores of A+ and DA1+. Home sales bring in 70% of the firm's total value, along with big tech parks, Forum malls, and hotels run with Marriott and Hilton. To hand over homes on time, the crew relies on pre-cast slabs and fast aluminium wall molds.

Prestige Group Founders, Ownership, and Four-Decade Legacy


Prestige Group is run and owned by the Razack family, tracing its path to Razack Sattar, who ran a cloth shop in Bengaluru before starting the build firm in 1986. Company head Irfan Razack leads business plans and land purchases with his two brothers, Rezwan Razack and Noaman Razack.

  • Main Leaders: Irfan Razack manages big deals and cash plans, Rezwan Razack leads office setups, and Noaman Razack heads mall shops and home decor.
  • Next-Gen Team: Younger family leaders like Uzma Irfan guide the brand, handle client care, and run online media.
  • Social Work: Through the Prestige Foundation, the family helps poor kids go to school, runs free health camps, and trains young workers.
  • Top Awards: The family has won top build awards in Asia for making landmark retail malls, luxury golf homes, and green office parks.

Starting from just one small office block in central Bengaluru, the Razack family has guided the firm through 40 years of steady growth into a trusted builder known for fair deals.

Prestige Group Company Story and Financial Growth


Prestige Group opened its doors in Bengaluru in 1986, starting with an office block called Prestige Court on KH Road. Its public share sale in 2010 raised ₹1,200 crore on the Indian stock market, giving the team the funds it needed to buy land across other states.

  • Cash Backing: Global investment funds like Blackstone have backed the group with direct cash to buy big land plots in busy cities.
  • Wide Range: The team grew from small city offices to gated townships, luxury villas, and large tech parks.
  • Low Debt: The group keeps debts low by paying for work through buyer advance cash and shared land deals.
  • Fast Handover: Clear supply plans and digital site checks help the team hand over thousands of flats without delays.

The builder buys new land, or signs split deals with landowners near new metro lines and ring roads to keep future home values high.

Prestige Group Main Property Types


Prestige Group splits its daily work across four main property areas so that its business stays safe and active in all market cycles.

Residential (70%) Commercial & Retail (20%) Hospitality (10%)
Gated Townships Tech Parks & SEZs Luxury Resorts
High-Rise Flats Forum Shopping Malls Business Hotels
Plotted Land Layouts Custom Office Hubs Serviced Suites
  • Gated Townships: Huge communities like The Prestige City bring thousands of flats, villas, and local shops together behind secure entry gates.
  • Office Parks: Big office parks under the Prestige Tech Park brand house major software firms and global banks.
  • Forum Malls: The company builds and manages family shopping spots under the well-known Forum brand name.
  • Hotels and Inns: The firm owns luxury resort spots and city hotels that it runs in partnership with global brands like Marriott and Sheraton.

Prestige Group Hyderabad Expansion: The Prestige Place Mixed Township


The Prestige Place Hyderabad is a new 10-acre mixed township by Prestige Estates Projects Ltd along main Budvel Road in Rajendra Nagar, South Hyderabad. The whole layout provides 2.41 million square feet of total space, mixing private homes, an office park, and a luxury hotel on one site.

The residential area holds 1,050 flats across three tall towers of 32 floors each, keeping 80% of the ground open for green parks and open lawns. The project also holds a 500,000-square-foot office tech park and a 350-room five-star hotel right inside the same campus.

  • Road and Metro Links: The site sits 2.5 km from the planned Budvel Metro Station, and the Outer Ring Road connects it to Gachibowli in 12 km and the airport in minutes.
  • Flat Types and Costs: Buyers can pick 2, 3, or 4 BHK flats sized from 1,200 to 3,000 sq. ft., with prices starting at ₹1.40 crore for 2 BHKs, ₹1.75 crore for 3 BHKs, and ₹2.85 crore for 4 BHKs.
  • Approvals and Dates: The layout has HMDA approval, with state RERA papers filed, aiming for an official launch in December 2026 and flat handover by December 31, 2031.
  • Payment Steps: Payments follow 10 simple build steps, starting with 10% on booking and 10% on the sale agreement, with the rest paid as each floor slab is cast.

This southern project helps Prestige Group grow its presence in Hyderabad's busy IT belt, giving office workers a quality home near work.

Prestige Group Presence Across Major Indian Cities


Prestige Group has lowered its business risk by expanding beyond its home state of Karnataka into prime locations across South, West, and North India.

City Region Key Local Areas Main Property Style Why the Area Grows
Bengaluru Whitefield, Sarjapur, Kanakapura Big Townships, Tech Parks Metro lines and Outer Ring Road tech hubs
Hyderabad Budvel, Kokapet, Rajendra Nagar Mixed Townships, Tall Flats Fast growth around the Financial District
Chennai Padi, OMR, Vadapalani City Flats, Business Offices Big car plants and IT belts
Mumbai MMR Mulund, Mahalaxmi, Marine Lines Sea-Facing Towers Coastal road links and city rebuilding projects
Delhi-NCR Indirapuram, Noida Expressway Family Residential Communities Direct highways and fast links

Building across many cities protects the firm if one local market slows down, while keeping its brand popular with home buyers nationwide.

Prestige Group Prelaunch Project is Prestige Padi.

FAQs


1. Who are the owners of Prestige Group and how did the company begin?

Prestige Group was founded in 1986 by Razack Sattar and is owned by the Razack family, led by brothers Irfan Razack, Rezwan Razack, and Noaman Razack. The business grew from a retail fabric shop in Bengaluru before expanding into commercial offices and master-planned residential communities.

2. What is the 40-year legacy and execution track record of Prestige Group?

Prestige Group holds a 40-year history of constructing more than 313 projects covering 206 million square feet across India. The brand is known for introducing landmark real estate formats such as UB City, South India's first luxury shopping destination, and large Forum-branded malls.

3. What are the flat sizes and tower details at The Prestige Place Hyderabad?

The Prestige Place Hyderabad covers 10 acres on Budvel Road, offering 1,050 homes across three 32-floor towers. It features 2 BHK, 3 BHK, and 4 BHK layouts sized between 1,200 and 3,000 square feet, along with an office park and a 350-room hotel.

4. What are the prices and delivery dates for The Prestige Place Hyderabad?

Flat prices at The Prestige Place Hyderabad start at ₹1.40 crore for a 2 BHK, ₹1.75 crore for a 3 BHK, and ₹2.85 crore for a 4 BHK. The project plans an official launch in December 2026 and expects to hand over keys by December 31, 2031.

5. What safety ratings does Prestige Group hold from banks and credit agencies?

Prestige Estates Projects Ltd holds an A+ credit score from ICRA and a top DA1+ builder rating from CRISIL. These scores show that the company manages its loans well and handles its cash responsibly.
Enquiry
Enquire Now