Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, the group’s turnover is today in excess of Rs. 3518 Cr (for FY 15). A leap that has been inspired by CMD Irfan Razack and marshaled by his brothers Rezwan Razack and Noaman Razack. Having completed more than 195 projects covering over 67 million sft, currently the company has 65 ongoing projects covering 70.45 million sft and 36 upcoming projects aggregating to 48 million sft of worldclass real estate space across asset classes. In October 2010, the Prestige Group also successfully entered the Capital Market with an Initial Public Offering of Rs 1200cr.
The company has diversified over time into a number of related / non-related services, each of them spearheaded by individuals with adroit capacity. Services are as varied as the interior designing done by Morph Design Company (MDC) and the redefinition of elegance and suave in men’s formal dressing by Prestige Fashions (P) Ltd. They are also the only developers in South India to boast of such a widely diverse portfolio covering the residential, commercial, retail, leisure and hospitality segments.
DEVELOPMENT ACROSS MASSES
Now with over 150 landmark developments across the city, the company has extended its expertise to major cities across South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore and Goa. Giving each city an unparalleled experience with landmark malls on the lines of ‘The Forum’, large townships, tech parks, hotels, luxury villas, and SEZs. The company already has several successful completed and ongoing projects in Chennai to its credit, spanning the commercial and retail segments. Prestige Cyber Towers, Prestige Polygon and Prestige Palladium are three completed commercial developments, which have received an overwhelming response. The Forum Vijaya Mall, Chennai’s largest mall was unveiled in 2013. The Prestige Group launched Chennai’s first township project – a Rs. 1,000 crore development in partnership with the Rattha Group in 2012. They also launched Prestige Silver Springs – the first-of-its-kind luxury villas in the city in 2013.
UNCOVERING ENDLESS INSPIRATION
The Prestige Group today has become a name that is synonymous with innovation. The company has pioneered many landmark developments and introduced many firsts to South India:
Prestige Acropolis: A tribute to classical Greek architecture, one of the first Premium residential developments in Bangalore
Prestige Ozone: One of the first gated communities in Bangalore
The Forum mall: Pioneered the retail revolution in Bangalore. Globallyrecognised and probably the first successful retail mall in the country which created new benchmarks in modern day retailing.
Forum Value Mall: South India’s first real outlet mall featuring international and national brands
The Collection, UB City: South India’s first luxury mall (Partnered initiative with Vijay Mallya – UB Group)
Prestige Golfshire: South India’s first golf villa development set against the picturesque Nandi Hills. Spread across 275 acres, the property comes complete with ultra-luxurious mansions, a club house – Falcon Greens, a luxury spa – Quan, a private lake and an 18 hole, championship-sized golf course.