Prestige Estates Projects Ltd. is a flagship company of Prestige Group.
Image: company site
It is one of the leading developers in South India featuring into Commercial, Hospitality, Residential and Retail sectors. It is a Bangalore based company with its corporate office in The Falcon House. The company has finished over 180 projects till now spanning the developed are to an extent of 61 million square feet. It currently has 57 ongoing projects spanning about 60 million sq.ft. It also has 43 more projects coming up in the future covering several asset classes like Shopping malls, Apartment conclaves and Corporate Offices.
Prestige Group was founded by Razack Sattar in 1956. The Group was started with Prestige House for Men as a fabric selling shop in Bangalore. It later had a substantial growth in 1960s and 70s with his sons Irfan Razack and Rezwan Razack joining the business. It ventured into real estate business in 1986 by founding Prestige Estates projects with its first project Prestige Court in KH road in Bangalore.
It received several national and international awards for its efforts in the development sector across 11 various categories.It has developed several commercial and residential spaces in several South Indian cities like Bangalore, Hyderabad, Chennai, Mysore etc. Some of their important projects are UB City, Prestige Acropolis, The Forum, The Forum Value, Prestige Golfshire etc. It recently received Crisal DA1 Developer Rating for the quality and the timely delivery of its projects. It is the only company in India in property development sector that has received this rating.