Prestige Group

Prestige Group is an Indian real estate development company headquartered in Bangalore.^[1] Founded by Razack Sattar in 1986, Prestige has developed residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR.^[2] Notable projects include Prestige Shantiniketan, UB city, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya, The Celebration Mall, Prestige Lakeside Habitat, and Prestige Kingfisher Towers.

Prestige Group

Prestige Shantiniketan at Whitefield, Bangalore
Company type	Public
Traded as	BSE: 533274 NSE: PRESTIGE
Industry	Real estate
Founded	1986
Founder	Razack Sattar
Headquarters	Bangalore, Karnataka, India
Area served	India
Key people	Irfan Razack, Rezwan Razack, Noaman Razack
Products	Commercial offices Apartments Shopping malls Villas Hotels Golf courses Leisure & hospitality Retail
Revenue	US$1.2 billion
Number of employees	9850+[citation needed]
Website	prestigeconstructions.com

History

Prestige Group was founded by Razack Sattar who is a Kutchi Memon.^[3] During the 1960s and late 1970s his sons Irfan Razack and Rezwan Razack worked with him, and his youngest son Noaman Razack also joined when the business grew.^[4] It began as a retail business, but moved to real estate with its first project Prestige Court at KH road, Bangalore in 1985.^[5] The company is ISO 9001:2008 certified. To date, Prestige Group has completed 300+^[6][7] Projects spanning to an extent of 190+^[8][9] million sqft.

Operations

Prestige Group has diversified business model across various segments- residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major cities in India^[10]

Residential :

As of May 2025, Prestige Group has developed multiple residential projects across India^[11] including The Prestige City in Rajendra Nagar (4,647 apartments, 119 villas), Prestige Tranquil in Kokapet (859 units), and Prestige Beverly Hills (816 units). These projects contribute to the city's growing real estate market amid rising housing demand.^[12][13]

Retail :

As of May 2025, Prestige Group has developed 8 million sq ft of retail mall space in cities including Mumbai, Delhi-NCR, Bengaluru, Chennai, and Hyderabad. Projects are located in areas such as Mulund, Indirapuram, Sarjapur, Whitefield, OMR, and Banjara Hills, and are often part of mixed-use developments.^[14][15]

Notable Projects

Prestige Shantiniketan, UB city, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya, The Celebration Mall, Prestige Lakeside Habitat, Prestige Kingfisher Towers, Prestige Falcon City, Forum South Bangalore, Forum Kochi, Forum Rex, Prestige Tech Park.

Expansion into Delhi NCR: The Prestige City Indirapuram^[16]

In 2025, Prestige Group launched its first large-scale residential township in the National Capital Region (NCR) with The Prestige City – Indirapuram, located in Ghaziabad, Uttar Pradesh. ^[17] The development includes integrated amenities such as two clubhouses, educational institutions, healthcare facilities, and a Forum Mall measuring approximately 1.18 million square feet.^[18] The estimated Gross Development Value (GDV) of the project is ₹12,000 crore, with a planned investment of around ₹7,000 crore.^[19]

Township Projects in Other Cities

Prior to its entry into NCR, Prestige Group developed large integrated townships in other Indian metropolitan areas:

Bangalore: Prestige Lakeside Habitat, Prestige Shantiniketan, and Prestige Falcon City are examples of townships combining residential, commercial, and retail components.^[20]

Mumbai: The group has launched premium residential and mixed-use developments as part of its western India expansion. It has delivered Prestige Jasdan Classic, Siesta at The Prestige City Mumbai.^[21]

Hyderabad: Townships like Prestige High Fields, include high-rise residences near the financial district.

Awards and Recognition

Prestige Group has received the FIABCI World Prix d'Excellence Award in 2009, 2016, and 2019. ^[22][23][24]

Expansion into the Delhi-NCR Market

Project Launch in Ghaziabad: In April 2025, Prestige Group initiated its first residential project in the National Capital Region (NCR) by launching 'The Prestige City – Indirapuram' in Ghaziabad. The initial phase, comprising the Oakwood and Mulberry towers, includes 3,421 residential units across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft.^[25]

Project Scale and Investment: The entire township spans 62.5 acres and is projected to have a Gross Development Value (GDV) of ₹12,000 crore upon completion. The estimated investment for the project is around ₹7,000 crore.^[26][27]

Additional Amenities: The development plan includes an integrated Forum Mall covering 1.18 million sq ft, along with two clubhouses, retail spaces, and educational facilities.^[28]

Land Acquisitions and Development Plans

• Land Acquisition Details: In March 2024, Prestige Estates Projects Ltd acquired a 62.5-acre land parcel in Siddharth Vihar, Indirapuram Extension, Ghaziabad, for over ₹450 crore to develop the aforementioned township.^[29]
• Future Projects in NCR: The company has also acquired land parcels in Delhi and Noida, indicating plans for further residential developments in the NCR region. ^[29]