Prestige Group

The Razack family owns and runs Prestige Group. Irfan Razack serves as Chairman and Managing Director. Rezwan Razack is the Joint Managing Director, and Noaman Razack is a Whole-time Director. This leadership team oversees new project launches and market strategy.

Prestige Estates Projects Limited is listed on the National Stock Exchange (NSE) under the ticker PRESTIGE. For live share price and market capitalisation, check the NSE website or a financial data provider.

The developer holds an ICRA A+ credit rating and a CRISIL DA1+ developer rating, reaffirmed in March 2026. These ratings reflect the group's financial discipline and project delivery track record. Prestige Group competes with other major Bangalore-based developers, including Puravankara, Brigade Group, and Sattva Group.

Prestige Estates Projects Limited reported its highest-ever annual performance for FY26 (year ended 31 March 2026), with strong growth across sales, collections, and delivery volume:

• Total Annual Sales: ₹30,024.5 Crores, up 76% year-on-year — the company's first year crossing the ₹30,000 Crore sales milestone. Prestige Estates Projects Limited reported landmark FY26 performance with annual pre-sales reaching ₹30,024 crore, up 76% year-on-year, marking the first time the company crossed the ₹30,000 crore milestone.
• Total Annual Collections: ₹18,514.6 Crores, up 53% year-on-year. The company also reported its highest-ever collections of ₹1,85,146 million, reflecting a 53% growth from the previous year.
• Total Volume Sold: 22.28 million sq. ft. across 11,692 homes sold during the year. The company recorded a total sales volume of 22.28 million square feet, a 77% year-on-year increase, with 11,692 units sold during the financial year.
• Average Selling Price: ₹14,470 per sq. ft., up 3% year-on-year. Average realisations for the year were ₹14,470 per square foot, up 3% year-on-year.
• Q4 FY26 Performance: Pre-sales of ₹7,697 Crores, up 10% quarter-on-quarter, with revenue of ₹4,073.8 Crores for the quarter. The real estate developer also achieved Q4 pre-sales of ₹7,697 crore with 10% growth, driven by sustained demand across key markets including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai.

Prestige Group has completed over 313 RERA-compliant projects, spanning more than 206 million sq. ft. of developed area, as per the company's FY26 results.

• Completed Projects: 160 residential developments (139 million sq. ft.), 125 commercial offices (49 million sq. ft.), and 13 retail malls (10 million sq. ft.).
• Ongoing Construction: 128 active projects under development, spanning 195 million sq. ft. This includes 45 housing communities, 13 commercial tech parks, and 3 retail spaces.
• Upcoming Pipeline: 69 new projects planned across 98 million sq. ft., as per the company's latest investor disclosures.

• Hyderabad Launch: Prestige Golden Grove in Tellapur, Hyderabad, is a 28.7-acre gated community with 10 high-rise towers of up to 52 floors and 5,120 homes. The project recorded over 1,700 spot bookings and crossed ₹2,500 Crores in sales value within two weeks of launch.
• Chennai Land Acquisition: Prestige Group bought 16.38 acres in Padi for ₹561 Crores to build a premium township, and separately acquired a 25-acre parcel in Medavakkam for future development.
• Whitefield Land Acquisition (June 2026): Prestige Group acquired 21 acres in Whitefield, Bengaluru, for ₹450 Crores to develop a 1,800-unit township with an estimated ₹4,500 Crore gross development value. Launch is expected in Q4 2026, with possession planned for 2029-30.
• Bengaluru Airport City Investment (June 2026): Prestige Group announced a ₹1,800 Crore investment in a convention and hospitality development at Bengaluru Airport City. Construction is set to begin in early 2027, with the project expected to be operational by 2031.
• Commercial and Retail Growth: Prestige Group acquired the remaining 35% stake in Forum Falcon City, taking full ownership. In Mumbai, a global bank leased 2 lakh sq. ft. of office space at Prestige 101 in BKC.
• FY27 Outlook (June 2026): Chairman Irfan Razack stated the company is targeting ₹35,000–36,000 Crores in pre-sales for FY27, backed by a launch pipeline of around ₹58,000 Crores across major cities, with the exact number of launches depending on regulatory approvals.

The table below shows the area-wise sales breakdown for the developer across key metro cities during the financial year:

Prestige Group operates several subsidiary companies, including Prestige – The Man Store, Prestige Projects Pvt Ltd, Prestige Golfshire Club, Falcon Property Management Services, and Spring – Planet Resourcing.

Prestige Group careers span multiple disciplines across its residential, commercial, retail, and hospitality businesses. Common roles include site engineering, architecture, interior design, project finance, and sales. The company hires both freshers and experienced professionals, with openings typically listed on the official careers portal and major job boards. This wide talent base supports ongoing launches across cities, including projects like Prestige Park Street in Chennai.