About Prestige Group: A Legacy Built on Trust and Execution
Prestige Group traces its roots to 1950, when Razack Sattar opened a small fabric and tailoring shop on Commercial Street, Bengaluru. His son, in 1986, Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business from retail into real estate development. What began as a single-city venture has since grown into one of India's largest listed property developers, with major residential, commercial, retail, and hospitality projects developed across Bengaluru, Chennai, Hyderabad, Kochi, and Mumbai.
The company went public in 2010, a defining moment in its growth story. Prestige Estates went for an IPO in 2010, raising INR 1,200 crore to fund its expansion and next level of growth. Today Prestige was the second largest listed property firm in India, and the brand's reach spans far beyond Bangalore into malls, hotels, and integrated townships across the country.
Prestige's build quality is backed by rigorous financial discipline. It is India's first real estate developer to receive a CRISIL DA1+ rating, attesting to its legitimacy and dependability. This rating, combined with a family-led leadership structure — Irfan Razack as Chairman & MD, Rezwan Razack as Joint MD overseeing commercial and hospitality, and Noaman Razack as Executive Director focused on retail and design — has kept execution consistent across asset classes for nearly four decades.
The group's ambitions keep scaling. Recent operational updates show a robust pipeline of upcoming launches across geographies, with the company optimistic about sustaining this momentum during the current fiscal, and as of FY26, the Prestige Group has delivered 313 projects spanning 206 million sq ft and currently has a pipeline of 128 projects across 195 million sq ft.
