Company snapshot
Prestige Estates Projects Limited
Prestige Group was founded in Bengaluru in 1986 and listed on the NSE and BSE in 2010. It is among India's largest publicly listed real estate developers, operating across nine markets with an integrated platform spanning residential, commercial, retail and hospitality.
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Limited |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Listed | NSE (PRESTIGE) and BSE (533274), listed 2010 |
| Chairman and Managing Director | Irfan Razack |
| Joint Managing Director | Rezwan Razack |
| Whole-time Director | Noaman Razack |
| Projects delivered (Dec 2025) | 313 |
| Total area delivered | 206 million sq ft |
| Residential delivered | 162 projects / 142 million sq ft |
| Residential ongoing | 44 projects / 95 million sq ft |
| Residential planned | 31 projects / 42 million sq ft |
| FY26 sales | Rs 30,024.5 crore |
| FY26 collections | Rs 18,514.6 crore |
| FY26 revenue from operations | Rs 12,685.4 crore (+72.60% YoY) |
| FY26 net profit | Rs 1,195.5 crore (+155.72% YoY) |
| Active markets | Bengaluru, Hyderabad, Chennai, Kochi, Mangalore, Goa, Mumbai, NCR |
| Customer rating | 4.8 / 5 (457 reviews) |
Heritage
From a family tailoring business to a listed platform
Prestige was founded in 1986 by Irfan Razack and his brothers, building from a family tailoring business into what became Bengaluru's most consequential premium-residential brand. The late 1980s and 1990s established the pattern: architecturally articulate apartments in Bengaluru's emerging premium localities - Kalyan Nagar, Indiranagar, Whitefield - at a time when the city's apartment culture was still forming. Prestige was among the developers that made apartment living aspirational in a market that had defaulted to independent houses.
Two structural decisions in the 2000s made the modern company. The first was the 2010 IPO, listing on the NSE and BSE, which gave Prestige access to institutional capital and imposed the disclosure discipline a listed developer carries. The second was a deliberate expansion beyond residential into commercial, retail, hospitality and managed offices - converting a residential developer into an integrated real-estate platform with recurring income alongside development revenue. Today those businesses include the Forum malls, office campuses such as Prestige Tech Park, and hotels including the Sheraton Grand Bengaluru Whitefield, the Conrad Bengaluru and the JW Marriott Prestige Golfshire resort.
Through the 2010s and 2020s the geographic footprint went national: Hyderabad, Chennai's OMR corridor, Goa's resort and hospitality market, premium apartments in Kochi, and in April 2026 a Rs 9,000 crore entry into Mumbai's western suburbs at Versova. The continuity of family leadership across four decades is itself a signal - Prestige has not passed through the ownership churn, promoter exits or restructurings that have interrupted several of its peers.
Irfan Razack
- Chairman and Managing Director
- Formally established the company in 1986 with his two brothers
- Took the family business from retail into real estate development
Rezwan Razack
- Joint Managing Director
- Co-founder of the company
- Handles all of the group's construction and engineering
Noaman Razack and Uzma Irfan
- Noaman Razack - Whole-time Director, who leads the group's retail vertical (the Forum malls)
- Uzma Irfan - Director, Corporate Communications
Hyderabad
A deliberate corridor strategy, and where Pulimamidi sits in it
Hyderabad has been a growth market for Prestige rather than a home market, and the group's positioning there reflects a deliberate corridor strategy. Prestige Golden Grove at Tellapur sits in a mature western micro-market with existing IT employment. Prestige Lakdaram at Patancheru is a step further out along the same axis. Prestige Pulimamidi is a different move entirely - a 37-acre commitment on the southern axis, inside the Future City footprint, well ahead of the corridor's maturity.
Developers of this scale do not commit 37 acres and 2,800 units to a corridor speculatively. The land acquisition, the HMDA route and the tower count all indicate a considered read of where Hyderabad's southern growth goes over the next decade.
With 31 residential projects and 42 million sq ft in the planned category group-wide, further Hyderabad launches are expected as the company deepens its presence. Among Prestige Group's projects in the city, Pulimamidi represents the largest and earliest positioned commitment on the southern corridor - 37 acres, 14 towers and 2,800 homes inside a designated Future City mandal, with launch indicated for Q1 2027.
Portfolio and platform
Residential range, and the businesses that stabilise it
Prestige's residential range spans mid-premium apartments through luxury and into villas and plotted development, with the deepest concentration in Bengaluru and a growing presence across South and West India. Prestige Pulimamidi belongs to the integrated-township category - the group's largest format, applied here at 37 acres and 2,800 homes.
The non-residential verticals matter to residential buyers indirectly: they provide recurring income that stabilises the company through residential cycles. This diversification is why Prestige's FY26 numbers held up. A developer dependent solely on residential sales is exposed to a single demand cycle, while one with leased commercial and operating hospitality assets has income that does not stop when sales slow.
| Segment | Positioning |
|---|---|
| Premium apartments | The core business - gated communities with full amenity programmes across metro growth corridors |
| Luxury residences | High-specification apartments and penthouses in prime urban locations |
| Villas and row houses | Low-density formats in peripheral corridors |
| Plotted development | Land-led products in emerging corridors |
| Integrated townships | Large-format, multi-phase communities with social infrastructure - the Pulimamidi format |
| Commercial office | Grade-A portfolio including Prestige Tech Park, Prestige Cyber Towers and UB City |
| Retail | The Forum Mall portfolio across multiple cities |
| Hospitality | Hotels and serviced apartments, including the Sheraton Grand Bengaluru Whitefield and the Conrad Bengaluru |
| Managed offices | A flexible-workspace vertical serving the shift in corporate occupancy patterns |
Delivery at scale, repeatedly
- 313 projects and 206 million sq ft completed
- Not a portfolio built by a developer that struggles to finish
- On a Q1 2032 handover in a greenfield corridor this is the single most valuable thing a buyer purchases
- Pulimamidi sits inside a pipeline funded and executed continuously, not as an isolated commitment
Listed transparency
- Quarterly reporting and analyst coverage
- Disclosure obligations an unlisted developer does not carry
- Financial condition is a matter of public record
- Publicly verifiable rather than asserted
Corridor anticipation
- A long record of entering growth corridors ahead of their maturity
- Bengaluru's Whitefield and North corridors
- Now Hyderabad's southern axis
- Buyers at Pulimamidi are buying into that instinct
Awards and recognition
Prestige has been recognised consistently across four decades for residential and commercial development, architectural quality and corporate governance, including honours from FIABCI, CNBC-Awaaz, the Realty Plus Excellence Awards and the Construction Week India awards. Individual projects across the residential and commercial portfolios have received design and sustainability recognition, and the group has been a repeated presence in Great Place to Work rankings within the Indian real-estate sector.
Prestige Group - Frequently Asked Questions
Prestige Estates Projects Limited, trading as Prestige Group (founded in 1986 by Irfan Razack and his brothers) - headquartered in Bengaluru, and listed on the NSE (PRESTIGE) and BSE (533274) since 2010. Irfan Razack is Chairman and Managing Director, Rezwan Razack Joint Managing Director, and Noaman Razack Whole-time Director.
313 projects and 206 million sq ft as of December 2025. Within residential alone that is 162 projects and 142 million sq ft delivered, with 44 projects and 95 million sq ft under construction and a further 31 projects and 42 million sq ft planned. The group operates across Bengaluru, Hyderabad, Chennai, Kochi, Mangalore, Goa, Mumbai and NCR.
FY26 was a record year: sales of Rs 30,024.5 crore, collections of Rs 18,514.6 crore, revenue from operations of Rs 12,685.4 crore - up 72.60% year on year - and net profit of Rs 1,195.5 crore, up 155.72%. Q4 FY26 showed a 900% year-on-year jump in consolidated profit to Rs 250 crore. As a listed entity Prestige reports quarterly and is analyst-covered, so its financial condition is publicly verifiable rather than asserted.
Because Prestige Pulimamidi completes in Q1 2032, and the largest risk on any long-dated Indian residential purchase is that the developer does not finish. A listed company with a record FY26 and 95 million sq ft under construction is not a stalled-project risk. Buyers pay a brand premium here and get delivery certainty for it.
Prestige Golden Grove at Tellapur sits in a mature western micro-market with existing IT employment. Prestige Lakdaram at Patancheru is a step further out along the same axis. Prestige Pulimamidi is a different move entirely - a 37-acre commitment on the southern axis, inside the Future City footprint, well ahead of the corridor's maturity.
A Grade-A office portfolio including Prestige Tech Park, Prestige Cyber Towers and UB City; the Forum Mall retail portfolio across multiple cities; hotels including the Sheraton Grand Bengaluru Whitefield, the Conrad Bengaluru and the JW Marriott Prestige Golfshire resort, run with international operators; and a managed-office and co-working vertical. That diversification is why FY26 held up - a developer dependent solely on residential sales is exposed to a single demand cycle.
Delivery at scale, repeatedly - 313 projects is not a portfolio built by a developer that struggles to finish. Listed transparency, with quarterly reporting and disclosure obligations an unlisted developer does not carry. A long record of entering growth corridors ahead of their maturity, in Bengaluru's Whitefield and North corridors and now on Hyderabad's southern axis. An integrated platform spanning residential, commercial, retail and hospitality. And forty years of continuity under the same family leadership, without the ownership churn or restructurings that have interrupted several peers.