Prestige Group

Prestige Group is a name that defines luxury in India. Started in 1986, this company changed the face of Bangalore. Today, it is not just a city builder. It is a national giant. From the high-rise towers of Mumbai to the wide townships of Hyderabad, Prestige is everywhere. If you are looking for a home or an investment in 2025, you have likely heard of them. They are the only developer in India with a CRISIL DA1+ rating. This is the highest safety rating you can get. It means they deliver on time and keep their promises. This guide covers everything you need to know. We look at the Prestige Group share price, their latest "billion-dollar" plans, and the new Prestige Bangalore projects launching this winter.

The Prestige Story: From Retail to Real Estate

The story of Prestige is unique. It did not start with buildings. It started with a fabric shop.

Who founded Prestige?

The group was founded by the late Razack Sattar in 1956 as a retail business. In 1986, his sons—Irfan Razack, Rezwan Razack, and Noaman Razack—moved into real estate. They formed Prestige Estates Projects Ltd.

What is Irfan Razack's family background?

The family comes from a Kutchi Memon background. They were successful traders before they became builders. This trading background helped them understand what customers really want. Today, Irfan Razack is the Chairman and Managing Director (CMD).

• Is Irfan Razack a billionaire? Yes. As of late 2025, Irfan Razack's net worth is estimated at over $1.3 Billion (approx. ₹11,000 Crores).
• Who is the wife of Irfan Razack? She is Badrunissa Irfan. She is known for her low profile and support of the family's charitable works.

Latest News in Prestige Group (November–December 2025)

The end of 2025 has been very busy for the company. Here are the major updates that investors and buyers must know.

12 Dec 2025: The ₹1 Lakh Crore Goal In a big announcement, Prestige Estates set a new target. They plan to hit ₹1 Lakh Crore in annual sales by FY29. This comes after a very strong Q2 performance. The company beat its sales targets in Mumbai, thanks to high prices at The Prestige City, Mulund.

11 Dec 2025: Share Price Jump Prestige Group share price jumped 2.4% on the NSE. Why? The company bought the full stake in Bharatnagar Buildcon LLP for ₹938.75 Crore. This deal gives them full control of a huge land bank in North Bangalore. Rumors say a new mixed-use town near the airport will launch here in mid-2026.

05 Dec 2025: Prestige Evergreen Launch The wait is over for Whitefield buyers. The "Expression of Interest" (EOI) window opened for Prestige Evergreen (Phase 2 of Raintree Park).

• Price: The base price is set at ₹15,500 per sq. ft.
• Growth: This is a big jump from the Phase 1 price of ₹13,500 just 15 months ago. It shows how hot the Varthur market is.

30 Nov 2025: Success in Hyderabad The group launched Prestige Golden Grove in Tellapur, Hyderabad. The response was massive. 40% of Tower A was blocked within just 6 hours. This proves that IT workers are moving from Gachibowli to the spacious layouts of Tellapur.

25 Nov 2025: First Mumbai Delivery Prestige passed a big test in Mumbai. They received the Occupancy Certificate (OC) for Prestige Bellanza (Mulund). Handover letters are going out now. This is their first finished project in Mumbai, which proves they can deliver in the toughest market in India.

14 Nov 2025: New Launch in Ghaziabad After selling out the 'Oakwood' towers, Prestige launched the 'Mayflower' phase at The Prestige City, Indirapuram. These are "Sky Mansions" worth ₹2,200 Crore. They are competing directly with luxury homes in Noida.

Prestige Bangalore Projects: The Home Turf

Bangalore is the heart of the company. Prestige Group Bangalore has delivered over 180 million sq. ft. here.

Prestige Ongoing Projects in BangaloreThe focus in 2025 is on large "integrated townships." These are mini-cities with homes, offices, and malls inside one gate.

• Prestige Raintree Park: Located in Varthur. This is the biggest launch of the year. It has huge demand because it is close to the IT hubs.
• Prestige Southern Star: A massive township in Begur, South Bangalore. It is famous for its green zones.

Prestige Bangalore Upcoming ProjectsBuyers are eagerly waiting for these new names:

• Prestige Falcon City Luxe : This is the most talked-about prestige new launch. Located in South Bangalore, it is designed for luxury buyers. It replaces older plans and offers premium high-rise living with world-class amenities.
• Prestige Tech Cloud: A new commercial park coming up in North Bangalore.

Why buy in Bangalore? Prices in Prestige in Bangalore projects usually go up by 10–15% once construction starts. The brand name ensures high resale value.

Pan-India Expansion: Beyond the South

Prestige is no longer just a "South Indian" builder. They are aggressive in the North and West.

Prestige Group Mumbai Mumbai is their new gold mine.

• The Prestige City, Mulund: A huge hillside township.
• Prestige Ocean Towers: A luxury sea-facing project in Marine Lines.
• Prestige Garden Trails: A new launch in the Dahisar-Mira Road belt (Oct 2025).

Prestige Group Hyderabad The team at Prestige Constructions Hyderabad is very active.

• The Prestige City, Hyderabad: This is a massive villa and apartment project in Rajendra Nagar. It is one of the largest townships in the city.

Prestige Group Ghaziabad & Noida The entry into NCR has been a hit.

• The Prestige City, Indirapuram: This was their big entry. It generated huge sales (₹12,000 Crore potential).
• Prestige Group Noida: They are in talks for land in Sector 150 for a future sports-themed city.

Financial Power: Is it Safe?

Real estate is risky. But Prestige is financially rock solid.

Prestige Group Net Worth & Turnover

• Net Worth: The group's total value is estimated at ₹80,000 Crores.
• Turnover: What is the turnover of Prestige? The company clocks an annual revenue of over ₹8,000–₹10,000 Crores. They expect sales bookings to cross ₹20,000 Crores in FY26.

Share Market Performance The Prestige Group share price is trading strong (around ₹1,638 in Dec 2025). Investors like it because the company has less debt and high cash flow compared to others.

Is Prestige Group real or fake? It is 100% real and listed on the stock exchange (NSE/BSE). They have delivered 300+ projects. You can trust them with your money.

Leadership: Who Runs the Show?

The company is run by a mix of family vision and professional management.

Who is the CEO of Prestige? The Group CEO is Mr. Venkat K. Narayana.

• He is the man behind the expansion into Mumbai and NCR.
• What is the CEO of Prestige Group's salary? For FY24, his package was in the range of ₹8.6 Crores to ₹12 Crores. This includes salary and performance bonuses.

Who is the CEO of Prestige Group Bangalore? Bangalore operations are often directly overseen by the top management, including Mr. Irfan Razack and his brothers, along with senior executive directors. Regional CEOs handle other zones like Mumbai.

Who is the MD of Prestige? Irfan Razack is the CMD (Chairman and Managing Director). He is the face of the brand.

• What is the qualification of Irfan Razack? He holds a Bachelor's degree in Commerce (B.Com) from St. Joseph's College, Bangalore. He was also awarded an Honorary Doctorate by United Nations University for his work in social causes.

Why Choose Prestige?

Is Prestige a good company? Here are four reasons why 50,000 families say "Yes":

• On-Time Delivery: They are famous for finishing projects before the deadline.
• Quality: They use their own construction arm to control quality.
• Resale Value: A "Prestige" home usually sells for a premium price in the second-hand market.
• Transparency: All projects are RERA registered. There are no hidden legal issues.

Awards and Recognition

They win awards every year. Recent wins include:

• FIABSI World Prix d'Excellence Awards (Silver Winner).
• CWAB Awards (Top Builder in India).
• BT Mindrush (Best CEO in Real Estate).

FAQs

1. Who is the owner of Prestige Group?

The company is owned by the Razack Family. The key owners are Irfan Razack, Rezwan Razack, and Noaman Razack.

2. What is the salary of CEO of Prestige Estates?

Mr. Venkat K. Narayana earns approximately ₹8.6 to ₹12 Crores annually, depending on the company's profit for the year.

3. Who founded Prestige?

It was founded by Razack Sattar in 1956 as a retail shop. His sons turned it into a construction giant in 1986.

4. Is Prestige Group Mumbai successful?

Yes. In just two years, they have become one of the top sellers in Mumbai. Their project in Mulund sold out faster than local competitors.

5. Is Prestige Falcon City Luxe a good investment?

Yes. Since it replaces older planned launches in the prime South Bangalore belt, Prestige Falcon City Luxe is expected to have high demand. South Bangalore has very little land left, so new luxury towers here are rare.

Bottom Line

In 2025, Prestige Group is at its peak. They are building the biggest townships in Bangalore. They are breaking sales records in Mumbai. They are launching "Sky Mansions" in Ghaziabad.

For a homebuyer, buying a Prestige home is a safe bet. You get a quality home, on time, from a builder with a clean track record. Whether you are looking at Prestige Falcon City Luxe in the South or Prestige Raintree Park in the East, you are buying into a legacy of trust.