Prestige Estates Projects Limited is an Indian real estate company founded in 1986 as a partnership firm.
Image: company website
The firm went public in the year 2009 with the name Prestige Estates Projects Limited. The company primarily operates in South India and has its headquarters in Bangalore (Karnataka), and Irfan Razack is the current Chairman and Managing Director of the company.
The company has so far completed over 192 projects covering area of more than 64.12 million square feet. Besides it has 65 ongoing projects and 34 upcoming projects covering 67 million square feet and 41.38 million square feet area respectively. The company has five business segments - residential, commercial, hospitality, retail and services.
The residential segment includes apartments, villas, townships and plots. The projects in this segment are spread across Bangalore, Chennai, Hyderabad, Kochi and Mangalore. Some of the key projects are Lake Ridge, Silver Springs, High Fields, Cityscape and Valley Crest. The commercial segment includes office space, SEZs and IT parks and the project works are in Bangalore and Chennai. Technostar, Tech Park IV, Cyber Towers and Palladium are well known projects in this segment. The retail segment includes malls and warehousing. Hotels, food courts and resorts are included in hospitality segment whereas services include leasing, interior designing, facilities and project management, and project and construction management services. Some famous projects in retail and hospitality segments include Aloft hotel, Angsana Oasis Spa, UB City, Golfshire Club and Forum mall.
Prestige Group won 16 awards at the Asia Pacific Property Awards 2016. Some of the awards won are “Best Condominium” for Prestige White Meadows, “Best residential development” for Prestige Pinewood, “Best golf development” for Prestige Golfshire and “Best retail development” for Forum Sujana Mall.