Prestige Group

Prestige Estates Projects Limited is a publicly listed company. So, it does not have one private owner in the usual sense. The Razack family remains closely linked with the company and its management. Irfan Razack is the Chairman and Managing Director, while Rezwan Razack serves as Joint Managing Director.

The Razack family has played a major role in the growth of the company. Prestige started as a Bengaluru business and later became a large real estate group. Public shareholders also own shares because the company is listed on the stock market. This makes its ownership different from a privately held builder.

Prestige Group began in Bengaluru in 1986. The company grew under the Razack family and first built its name in the Bengaluru property market. Its early work included homes and commercial buildings. It later moved into large townships, offices, malls and hotels.

Over the years, Prestige expanded into several Indian cities. Bengaluru still remains its strongest market. The company now works across different property types instead of depending only on apartment sales. This wider business model has helped Prestige grow into a national developer.

Prestige started its real estate journey in 1986. Bengaluru was growing fast during this period, and demand for homes and offices increased. Prestige used this growth to expand its residential and commercial business. It later entered retail, hospitality and large mixed-use developments.

The company became publicly listed in 2010. This was an important stage in its growth. After listing, Prestige expanded into more cities and larger projects. Today, the group works across both mature city markets and new growth corridors.

Residential real estate is one of Prestige Group’s main businesses. The company builds apartments, villas, plots and large gated communities. Its projects cover different price and size ranges. Some focus on compact family homes, while others offer large luxury apartments.

Prestige residential projects often include clubhouses and landscaped areas. Many projects also have pools, gyms, sports courts and children’s zones. Larger townships can include several towers and large open spaces. The exact facilities depend on the size and type of each project.

Prestige Group also has a large commercial real estate business. It develops office buildings, technology parks and business spaces. Bengaluru has been one of its main commercial markets for many years. Several large companies use office space in developments built by Prestige.

Commercial development also supports the group’s mixed-use projects. In these projects, homes, offices and retail spaces can be planned in the same larger area. This creates a wider mix of property types. It also gives Prestige income from more than one real estate segment.

Retail is another part of Prestige Group’s business. The company has developed shopping centres and retail spaces in major cities. These projects serve shopping, dining and entertainment needs. Some retail areas are also part of larger mixed-use developments.

Prestige is active in hospitality as well. Its portfolio includes hotels and hospitality-led developments. This makes the company different from builders that work only in housing. Residential, office, retail and hospitality projects together form its wider real estate business.

Bengaluru is the main market for Prestige Group. The company has worked across East, South, West and North Bengaluru. Its projects can be found near major IT areas, residential zones and large road corridors. This wide presence has made Prestige a familiar builder name across the city.

Some well-known Prestige projects in Bengaluru include:

• Prestige Shantiniketan
• Prestige Lakeside Habitat
• Prestige Falcon City
• Prestige Park Grove
• Prestige Raintree Park
• Prestige Southern Star
• Prestige Song of the South
• Prestige Jindal City

The company also continues to launch projects in newer growth areas. North Bengaluru is one such market. The airport and Devanahalli corridor now form an important part of this expansion.

North Bengaluru has become a major real estate growth zone. The area includes Hebbal, Yelahanka, the airport corridor and Devanahalli. Kempegowda International Airport is one of the main growth drivers. New roads, jobs and large land parcels are also bringing more housing projects.

The wider Devanahalli belt has aerospace, defence and industrial activity. KIADB Aerospace Park is an important job zone in this area. STRR also improves road access across the outer parts of Bengaluru. These factors have increased interest in new gated apartment projects in North Bengaluru.

Devanahalli is one of the key growth markets near the airport. It has moved beyond being only an airport-side town. New industrial, aerospace and residential projects are now coming up across the wider belt. This has increased the need for apartments as well as plots and villas.

Prestige Group is also expanding in this part of North Bengaluru. The company’s upcoming Prestige Devanahalli project is planned inside the wider KIADB Aerospace Park Phase 2 area. This connects the project with the airport and employment corridor. It also gives the company a larger presence in the Devanahalli housing market.

Prestige Devanahalli is an upcoming apartment project at KIADB Aerospace Park Phase 2, Muddenahalli, Devanahalli. The project is planned across about 12 acres with around 1,800 apartments in 6 high-rise towers. Each tower is planned with 2 basements, a ground floor and 19 upper floors. The project offers 1, 2 and 3 BHK apartments. Pasted markdown

Apartment sizes currently start from about 550 sq. ft. for a 1 BHK. The larger homes extend to about 1,750 sq. ft. Current working prices start from around ₹70 lakh and can reach about ₹2.2 crore for larger 3 BHK homes. Buyers will have several size options within both the 2 BHK and 3 BHK categories. Pasted markdown

The project is also planned with a large clubhouse and open areas. Current project information mentions a 50,000 sq. ft. clubhouse with sports, fitness and social spaces. The project also has landscaped zones and other common facilities. This gives Prestige a large gated community project in the Devanahalli airport belt.

The project is inside KIADB Aerospace Park Phase 2 in Muddenahalli. Current project data places STRR about 2.5 km away. KIADB Aerospace Park is around 11.4 km away, while Kempegowda International Airport is about 20 km away. Airport Halt Metro Station is shown at around 19.2 km in the current project information. Pasted markdown

This location mainly suits buyers looking at North Bengaluru. It can also suit people working in the airport, aerospace and industrial belt. The road network is important because the project is outside central Bengaluru. Buyers should compare office distance and daily travel time before booking.

Prestige has worked in Bengaluru for around four decades. During this period, the city has expanded from its older core areas into large IT and residential corridors. Prestige followed this growth by developing projects in different parts of Bengaluru. This helped the company build a broad project base rather than depend on one locality.

The company also works across more than one property type. It builds homes, offices, retail spaces and hospitality projects. This gives Prestige experience with both stand-alone projects and large mixed-use developments. Bengaluru remains central to this wider business.

Yes. Prestige Estates Projects Limited is listed on both major Indian stock exchanges. Its NSE symbol is PRESTIGE, while its BSE code is 533274. The company has been publicly listed since 2010. This means it has regular reporting and disclosure duties as a listed company.

The listed status also makes company-level information easier to track. Financial results, corporate updates and major project announcements are published for shareholders. Buyers should still check the RERA and project documents for the exact property they plan to purchase. Company information and project approval are two separate checks.

The builder name is only one part of a home-buying decision. Buyers should check the exact project documents before paying any amount. This is especially important for new-launch and pre-launch projects. Project facts can change before final approvals and agreements are issued.

Important checks include:

• Karnataka RERA details
• approved master plan
• land and title details
• apartment size
• carpet area
• floor plan
• latest price list
• complete cost sheet
• payment schedule
• maintenance charges
• possession date
• construction status
• cancellation and refund terms

These checks help buyers understand the actual home they are buying. They also reduce confusion between early sales information and final project documents.