Prestige Group

Prestige Group is an Indian real estate development company associated with residential, commercial, retail, hospitality and mixed-use projects. The group is headquartered in Bengaluru and has developed properties in several major Indian urban and tourism markets, including Bengaluru, Chennai, Kochi, Kozhikode, Hyderabad, Mumbai, Mangaluru, Goa and the Delhi-NCR region. Its portfolio includes residential communities, commercial spaces, shopping centres and large mixed-use developments. The business was established by Razack Sattar, a member of the Kutchi Memon community. Before the company became a real estate developer, the family operated a retail business. During the 1960s and late 1970s, Sattar's sons Irfan Razack and Rezwan Razack worked with him, and his youngest son Noaman Razack joined as the enterprise expanded. This family involvement formed the foundation for the later development business. Prestige's transition into property development began with Prestige Court on KH Road in Bengaluru, identified as its first real estate project in 1985. The company was formally founded in 1986 and subsequently expanded from individual developments into a broader portfolio serving residential and commercial users. Its projects have included planned residential communities, office and commercial complexes, malls, hospitality-related properties and mixed-use urban districts. Among the developments associated with the group are Prestige Shantiniketan, UB City, Prestige Golfshire, Prestige Acropolis, The Forum, The Forum Value, The Forum Vijaya, The Celebration Mall, Prestige Lakeside Habitat, The Prestige City and Prestige Kingfisher Towers. These projects illustrate the range of formats used by the brand, from apartment communities and luxury residences to shopping centres, office-oriented developments and large integrated townships. Prestige Group's market identity is rooted in large-scale urban development and a multi-segment project portfolio rather than a single residential product type. Its geographic base remains Bengaluru, while its projects have extended the brand's presence across southern India and into western and northern metropolitan markets. Publicly available reference material identifies the group as an operating Indian real estate developer, but does not provide sufficient information here to document its current website, public-market status, current leadership roster, financial performance or detailed present-day corporate structure.

Prestige Group traces its origins to a family retail business operated by Razack Sattar and his sons. Irfan Razack and Rezwan Razack were involved in the family enterprise during the 1960s and late 1970s, while Noaman Razack joined later as the business grew. The family background is significant to the company's development because the group emerged from this earlier commercial activity rather than beginning as a property-only enterprise. The company's move into real estate took place in Bengaluru. Its first identified property project was Prestige Court on KH Road, developed in 1985. The group was founded in 1986, after which it built a portfolio of projects in the city's residential and commercial sectors. Bengaluru remained the company's principal base and the central market through which its brand became associated with larger urban developments. Over time, Prestige expanded beyond individual buildings and residential colonies into multiple property categories. The group became associated with commercial spaces, shopping centres, office-oriented developments, large residential communities and mixed-use projects. This diversification can be seen in the range of projects linked to the brand, including Prestige Shantiniketan, UB City, Prestige Acropolis, The Forum retail properties, The Celebration Mall, Prestige Lakeside Habitat, The Prestige City and Prestige Kingfisher Towers. The company's geographic reach also broadened beyond Bengaluru. Reference material identifies projects or activity in Chennai, Kochi, Kozhikode, Hyderabad, Mumbai, Mangaluru, Goa and Delhi-NCR. This expansion positioned Prestige as a multi-city Indian real estate developer while retaining Bengaluru as its headquarters and historical centre. The available reference material does not establish a complete chronology for individual projects, provide a verified list of current or former executives, or document the group's financial and ownership structure. Accordingly, the history is limited to the documented family origins, the 1985 entry into real estate, the 1986 founding and the subsequent expansion into multiple property segments and Indian markets.

• 1986

  Prestige Group founded

  [1]Prestige Groupen.wikipedia.org

  Razack Sattar founded Prestige Group as the family business developed into a real estate enterprise.

• 1985

  First identified real estate project

  [1]Prestige Groupen.wikipedia.org

  Prestige Group's first identified property development, Prestige Court on KH Road in Bengaluru, marked the family's move from retail into real estate.

A Bengaluru-rooted Indian property developer with a broad urban-development portfolio spanning residential, commercial, retail and mixed-use projects.

• Mixed-use development

  Prestige Shantiniketan

  A major Prestige-branded development associated with the group's mixed-use and large-format urban property portfolio.

• Commercial and mixed-use development

  UB City

  A prominent commercial development associated with Prestige Group and representative of its participation in high-value urban commercial projects in Bengaluru.

• Residential development

  Prestige Golfshire

  A Prestige residential project included among the group's notable developments, reflecting its presence in higher-end housing and large-format residential communities.

• Residential development

  Prestige Acropolis

  A residential project in the Prestige portfolio and an example of the group's apartment and urban-housing development activity.

• Shopping mall

  The Forum

  A retail property brand associated with Prestige Group and part of its expansion into shopping-centre development.

• Shopping mall

  The Forum Value

  A retail development in the Forum portfolio associated with Prestige Group's mall and commercial-property activities.

• Shopping mall

  The Forum Vijaya

  A Forum-branded retail development included among Prestige Group's notable commercial properties.

• Shopping mall

  The Celebration Mall

  A shopping-centre project associated with Prestige Group's retail-development portfolio.

• Residential development

  Prestige Lakeside Habitat

  A large residential community associated with Prestige Group's apartment and integrated-community development work.

• Integrated township

  The Prestige City

  A large-format Prestige-branded urban development representing the group's township and integrated-community approach.

• Luxury residential development

  Prestige Kingfisher Towers

  A luxury residential project associated with the Prestige portfolio and its high-end urban housing segment.

• Unconfirmed

  Prestige Group sells first-phase assets to Blackstone[2]Prestige Group向Blackstone出售第一阶段资产businesstoday.in

  Reported: 2021-03-10

  Prestige Group sold assets worth Rs 7,467 crore to Blackstone in the first phase of a Rs 9,100-crore transaction, including retail, office and hotel assets.

1. 1Prestige Groupen.wikipedia.org
2. 2Prestige Group向Blackstone出售第一阶段资产businesstoday.in