Prestige Group

Published On: 27 August 2026

Prestige Group is a top Indian property builder founded in 1986 by Razack Sattar in Bengaluru. The firm trades on the stock market under the ticker PRESTIGE on both the NSE and BSE. Over the years, the builder has finished more than 313 projects across 12 big Indian cities. These finished buildings cover more than 206 million square feet of space. Today, Chairman Irfan Razack leads the group with a land bank of over 700 acres. The company holds a top credit score of CRISIL DA1+ and ICRA A+.

Prestige Group builds family homes, modern office parks, retail malls, and luxury hotels. Its retail wing runs popular Forum malls in top cities across South India. Its hotel arm partners with global brands like Marriott, Sheraton, and Conrad. Every project follows strict state RERA rules. This keeps buyer money safe in separate bank escrow accounts. The builder continues to expand in major growth hubs like Bengaluru, Hyderabad, Chennai, and Mumbai.

Core Growth and Key Steps

Prestige Group started in 1986 with Prestige Court on K.H. Road in Bengaluru. The company grew fast across South India. It built large gated townships and big IT hubs.

Tech Parks: The builder made large tech hubs like Prestige Tech Park. These hubs host global tech teams.
Stock Market: Prestige listed its shares in 2010. This helped raise cash and build strong public trust.
New Cities: The firm moved into Hyderabad, Chennai, Mumbai, and Delhi-NCR.
Top Awards: The group won top FIABCI awards for quality building design and green spaces.

Main Business Arms and Units

Prestige Group runs five key business arms. Each arm handles a set area of property work.

Home Communities: Prestige Estates Projects Ltd. builds tall flats and gated villa homes.
Office Leasing: Prestige Office Ventures builds and leases Grade-A office spaces and tech parks.
Shopping Malls: Prestige Retail Ventures runs shopping hubs under the Forum brand name.
Hotels and Resorts: Prestige Hotels Pvt. Ltd. builds luxury hotels and golf resorts with top global brands.
Daily Care: In-house teams take care of round-the-clock guards, power backup, lifts, and gardens.

Retail Malls and Luxury Hotel Assets

Prestige Group owns six major retail malls and luxury hotel properties. These assets bring in steady rental cash and offer prime spots for dining, shopping, and business stays.

Property Type	Brand / Property Name	City / Location	Key Features
Luxury Mall	UB City (The Collection)	Bengaluru, Karnataka	High-end retail shops, rooftop food spots, and office space
City Mall	Forum South Bengaluru	Konanakunte Cross, BLR	Large retail mall with direct footbridge access to the metro
High Street	Forum Rex Walk	Brigade Road, Bengaluru	Walk-in shopping street with top cafes and food spots
Golf Resort	JW Marriott Prestige Golfshire	Nandi Hills, Bengaluru	299-room luxury resort right next to an 18-hole golf course
Business Hotel	Sheraton Grand Whitefield	Whitefield, Bengaluru	360-room hotel with a large convention centre
Business Hotel	Conrad Bengaluru	Kensington Road, BLR	285-room luxury hotel overlooking the scenic Ulsoor Lake

The Prestige Place Hyderabad: Mixed-Use Living in Budvel

The Prestige Place Hyderabad is a new 10-acre luxury project by Prestige Group on Budvel Road in Rajendranagar, South Hyderabad. The layout offers 2.41 million square feet of space, bringing together homes, a 500,000-square-foot office tech park, and a 350-room five-star hotel.

Project Detail	Information
Project Name	The Prestige Place Hyderabad
Location	Main Budvel Road, Rajendranagar, South Hyderabad
Approval & RERA Status	HMDA Approved \| TS RERA Applied / In Process
Launch Date	December 2026
Possession Date	31 December 2031 (5-Year Build Plan)
Total Land Area	10 Acres (4.35 Lakh Sq. Ft.)
Total Built Space	2.41 Million Sq. Ft. (Blended FSI: 3.5x)
Building Structure	3 Tall Towers (G+32 Floors), 80% Open Green Space
Total Homes	1,050 High-Rise Apartments
Mixed-Use Elements	Residential Zone, 500,000 sq. ft. Tech Park, 350-Room Hotel

Apartment Type	Total Units	Size Range (Sq. Ft.)	Price Range
2 BHK Apartment	210 Units	1,200 – 1,450 sq. ft.	₹1.40 Cr – ₹1.65 Cr
3 BHK Apartment	525 Units	1,600 – 2,100 sq. ft.	₹1.75 Cr – ₹2.75 Cr
4 BHK Apartment	315 Units	2,350 – 3,000 sq. ft.	₹2.85 Cr – ₹3.50 Cr

The property sits right next to the Prestige Spring Heights project, close to the Himayat Sagar lake. It connects smoothly to the Outer Ring Road (ORR). The site is only 2.5 km from the planned Budvel Metro Station, 12 km from Gachibowli, 15 km from the Financial District, and 18 km from HITEC City.

National Project Portfolio Across Top Cities

Prestige Group builds top residential and commercial projects in Bengaluru, Hyderabad, Mumbai, Chennai, and Delhi-NCR.

Project Name	City / Area	Launch Date	Possession Date	RERA Registration Number
Prestige Falcon City	Kanakapura, Bengaluru	January 2015	Ready / Delivered	PRM/KA/RERA/1251/310/PR/170915/000305
Prestige Jasdan Classic	Byculla, Mumbai	November 2021	December 2025	P51900031285
Prestige Lavender Fields	Whitefield, Bengaluru	June 2023	May 2027	PRM/KA/RERA/1251/446/PR/290423/005906
The Prestige City Hyderabad	Rajendranagar, Hyderabad	November 2023	October 2028	P02400007209
The Prestige Place Hyderabad	Budvel, South Hyderabad	December 2026	31 December 2031	Applied / Pending

Mumbai Projects: Developments in Byculla and Mulund expand the group's presence in prime city zones.
Integrated Townships: Large gated layouts bring homes, shopping spots, gyms, and parks into one safe space.
Green Design: Buildings use solar panels, rainwater storage tanks, and on-site water recycling plants.

Construction Quality and RERA Safety

Prestige Group uses Mivan aluminium formwork and precast concrete blocks to build high-rise homes faster and keep structures strong.

RERA Bank Safety: Under state RERA rules, 70% of buyer funds go into a locked bank escrow account used only for that project's build work.
Clear Clearances: Every site obtains municipal layout sanctions, fire safety clearances, and environmental approvals before home sales start.
Daily Management: Dedicated facility teams look after the lifts, gardens, security gates, and power backup after homeowners move in.

FAQs

1. Who founded Prestige Group, and who runs the company today?

Razack Sattar founded Prestige Group in 1986 in Bengaluru. Today, Chairman and Managing Director Irfan Razack leads the firm along with his brothers Rezwan Razack and Noaman Razack.