Prestige Group: Pioneers in Indian Real Estate Development

Prestige Group is a prominent, trusted, award-winning real estate developer in India. Founded in 1986 by Irfan Razack in Bangalore, India.Prestige Group started by creating small- segment housing projects in Bangalore. With the help of brothers Rezwan Razack and Noaman Razack, over the last decade expanded into unknown regions of south India like Chennai, Hyderabad, and Goa. Today, Prestige Group has captured 20% of the real estate market in Mumbai.

The firm established itself as one of the leading real estate developers in India. It is the largest real estate public sector with residential, commercial, retail, hospitality, and property management companies in 13 major cities in India with DAQ CRISIL Grading and ICRA A+ Stable Rating. It is the first real estate developer to receive the ISO 9001:2000 certification in Bangalore.

According to the July 2024 report, they have a legacy of 300+ completed projects in 4362 Acres, 53 ongoing projects in 2112 Acres, and 48 upcoming projects in 2089 acres all over India. Its corporate head office address is Prestige Falcon Towers, 19 Brunton Road, Bengaluru.

Prestige Group in Bangalore is renowned for revolutionizing the real estate landscape, consistently delivering unparalleled excellence, innovative designs, superior quality, and timely completion, thereby transforming lives and redefining the essence of luxury living. Prestige is coming up with a new 100-acre township project in Whitefield Bangalore. This Prestige Whitefield project, Prestige Raintree Park, is one of the biggest township projects launched in July 2024. The Township includes commercial space, malls, and luxury Apartments.

Prestige Group Market capitalization

With a net worth of ₹725.26 billion and a share price of ₹1,808, Prestige Group ranks among the world's top companies, securing the 1845th spot in global market capitalization rankings, as reported in August 2024. It has 230.30% growth in the past 1 year (2023- 2024).

Prestige Construction Market Cap (2010 - 2024) - 14 years’ report:

Prestige Group Revenue in 2024 - ₹80.58 B

Prestige Group's latest financial reports disclose a current revenue (TTM) of ₹81.21 billion, building on the momentum of 2023, which saw a revenue of ₹82.45 billion, a significant uptick from the ₹78.36 billion recorded in 2022. This revenue growth, representing the total income from goods and services sold, highlights the company's robust financial performance

Prestige Group's Annual revenue from the year’s 2016 – 2024 is as follows:

Prestige Group Earnings

The latest financial reports from Prestige Group reveal a current earnings (TTM) of ₹34.82 billion, showing a notable increase in 2023 to ₹33.93 billion, up from ₹24.87 billion in 2022. These earnings, representing EBIT (Earnings Before Interest and Taxes), demonstrate the company's growing profitability. Looking ahead, the company's 2024 TTM earnings stand at ₹34.54 billion, indicating sustained financial performance.

Prestige Group's earnings history from 2016 to 2024 is as follows:

Key Highlights of Prestige Group

• The firm has launched 300 projects in India.
• It has launched its projects in commercial, leisure, residential, and hospitality.
• It is currently working on 58 projects in India, and 48 projects are upcoming and worked on more than 190 million sq. ft. land area across India.
• There are 20 finished residential projects in Bangalore, and 17 are ongoing. These townships are expected to be finished in the upcoming years.
• There are 13 upcoming top-notch residential projects launching in the FY 2025 in Bangalore.
• Residential projects range from affordable to luxury segments.
• Commercial projects include tech parks, SEZs, and shopping malls
• Owns and operates several luxury hotels and resorts.

Prestige Estates Projects Ltd. Company History

Prestige Group has come a long way since 1996, making itself the top property developer in South India. The key details of the company's annual growth and history are:

1. The company started as a partnership firm under the Indian Partnership Act of 1932 on April 1, 1986. It was originally named Prestige Estates and Properties. The registered office was located at No. 6, Commercial Street, Bangalore 560001.
2. The original partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack, and Sameera Noaman. On March 31, 1997, the partnership firm was reconstituted. The new partnership included the same members.
3. The firm changed its name to Prestige Estates Projects on May 12, 1997. Afterward, it was registered as a private limited company.
4. On June 4, 1997, it was officially named Prestige Estates Projects Pvt Ltd and assigned the company ID No. 08/22322/1997.
5. The company became a public limited company on Nov 10, 2009, under the name Prestige Estates Projects Limited. It received a new certificate of incorporation reflecting this change from the Registrar of Companies on the same date.

Prestige Group Owner

Irfan Razack is the Chairman and Managing Director of Prestige Group, born on 30 October 1953. Badrunissa Irfan is his wife's name, and they have a daughter named Uzma Irfan. He is the 77th richest man in India, with a net worth of $1.23 billion.

With over 48 years of hands-on experience in retail and real estate, Mr. Irfan Razack led Prestige and made it the second-largest real estate firm in India. He guides the company with strong business acumen and ethical principles. He is a visionary and a real estate icon who inspires the company's success. He possesses the ability to create opportunities and the determination to make his vision a reality. Under his capable leadership, Prestige has achieved the distinction of being the only developer in India with a CRISIL DA1 rating. Additionally, Prestige has received top financial ratings of A+ and A1+ from ICRA.Prestige Group Awards and Recognition.

Prestige Group Awards and Recognition

The firm has received many awards for its excellent work. It has received recognition for residential projects, malls, and tech parks. Some of the awards received by the group are:

The awards won in 2023 are:

• IHC London & IIHM Lifetime Achievement Award 2023 - Given to Mr. Irfan Razak
• Most Admiring Shopping Centre Launch of the Year for Forum Falcon City
• Upcoming Mall of the Year for Forum Thomsun Mall
• Retail & Shopping Centre Congress & Awards - Best Thematic Decoration to UB City

The awards won in 2022 are:

• SAP Ace Awards 2022 – Indus Best Customer Experience Transformation to Prestige Group
• CWAB 2022 - India's Top Builders to Prestige Estates Projects Limited
• The Best of Bharat Awards 2022 e4m Pride of India Brands to Prestige Estates Projects Limited
• BT Mindrush - Best CEO in Real Estate to Mr Irfan Razack
• ICI Birla Super Award for Outstanding Concrete Structure of Karnataka Building category (Res) 2021 to Prestige Song of The South

The awards won in 2022 are:

• CWAB Awards 2021 for India's Top Builder (National Category) to Prestige Estates Projects Limited
• 2021 FIABSI World Prix excellence Awards for World Silver Winner (Residential Low Rise Category) to Prestige Augusta Golf Village

Prestige Group Bangalore

Prestige Group is strongly committed to sustainability and green development. Many projects have received IGBC (Indian Green Building Council) certification, including the "Developer of the Year" award at the Realty Plus Awards. The best real estate company, Prestige Group, is based out of Bangalore. The company's headquarters are situated in Bangalore and all the major decisions are taken here. Prestige Group Bangalore office address is Prestige Falcon Towers, 19, Brunton Rd, Bengaluru, Karnataka 560025. The builder has launched 150 residential projects covering 127 mn sq. ft., and 37 projects are ongoing currently. The completed townships have covered over 65 mn sq. ft. of land area.

According to the reviews, the Prestige Group in Bangalore is known for having the highest number of projects and is set to launch the biggest Township projects in 2024-2025. You can contact the Prestige Group in Bangalore at the following numbers: 91 8025591080, 18003130080.

Bangalore is a prime IT hub of India, offering many job options. It has seen a huge growth in the population because of the IT firms. The rise in population also increased the need for homes. Big builders like Prestige have launched many top projects in the city.

Some of the best projects of Prestige Group are:

• Prestige Kings County
• Prestige Park Grove
• Prestige Glenbrook
• Prestige White Meadows
• Prestige Spencer Heights
• The Prestige City

The developer is also launching many grand residential projects in FY 2025. Some of them are:

1. Prestige Southern Star
2. Prestige Raintree Park Whitefield
3. Prestige Pine Forest
4. Prestige Falcon City Luxe
5. Prestige Greenmoor
6. Prestige Camden Gardens
7. Eaton Park @ TPC
8. Prestige Suncrest
9. Prestige Marigold Ph II
10. Prestige King's County
11. Prestige Sunset Park
12. Prestige Gardenia Estates

About the Logo and Tagline

The logo of Prestige Group features a phoenix bird, symbolizing strength, power, and loyalty. The company's tagline, "Adds Prestige to your life," reflects its commitment to delivering high-quality projects in prime areas of India.

Prestige Group Bangalore Careers opportunities:

• Over 5,000+ positions available in sales, marketing, engineering, architecture, finance, and HR, among others.
• The company values innovation, teamwork, and customer satisfaction in its working culture.
• Competitive salaries, health insurance, retirement plans, and performance bonuses are provided.
• There are opportunities for professional growth and advancement within the company.

Prestige Group in Mumbai

• In 2019, Prestige made its debut in the Mumbai market with the introduction of Prestige Oberoi Gardens in Goregaon East.
• Here's a summarized timeline:
• 2019: Prestige Group marked its entry into the Mumbai market with the launch of Prestige Oberoi Gardens.
• 2020: The company revealed its second project, Prestige Liberty Towers, located in Parel.
• 2022: Prestige Group unveiled plans to develop a 20-acre mixed-use project in the Kandivali area of Mumbai.

Prestige Real Estate Subsidiaries

The Prestige Group has formed collaborative partnerships with renowned international brands such as Marriott and Oakwood. Additionally, the group has established a dedicated division specializing in interior design and architecture. The company has grown into various services with capable leaders over time. It provides many different services in South India. From interior design by Morph Design Company (MDC) to best men's formal wear with Prestige Fashions (P) Ltd. It is the sole developer in South India with a wide range of projects. The Prestige Group holds a strong position in the retail industry and is the proud owner and operator of Forum Malls, which is among India's largest mall chains. In addition to its retail ventures, the Prestige Group has expanded its operations into the co-working space segment. The company consistently embraces innovation and adapts new technologies for construction and property management.

Some of the company's subsidiaries are:

• Falcon Property Management Services
• Prestige Projects Pvt Ltd
• Prestige Golfshire club
• Spring – Planet resourcing
• Prestige – The Man Store

Prestige Group prelaunch apartment is Prestige Raintree Park.