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Prestige Estates Projects Ltd.
Prestige EstatesProj
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NSE
BSE
Real Estate
Mid-cap - With a market cap of ₹690.44 Cr.
Subsidiaries
Prestige Estates Projects Ltd.
PRESTIGE
NSE
Construction - Real Estate
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Management
1. Manoj Krishna JV
Company Secretary & Compliance Officer
2. Irfan Razack
Chairman & Managing Director
2. Irfan Razack
Chairman & Managing Director
3. Rezwan Razack
Joint Managing Director
4. Noaman Razack
Whole Time Director
5. Uzma Irfan
Executive Director
6. Neelam Chhiber
Non Executive Independent Director
7. Ravindra Mehta
Non Executive Independent Director
8. Thumpudi Srikanth Bhagavat
Non Executive Independent Director
9. SN Nagendra Rao
Non Executive Independent Director
Contact Information
Company Address
Prestige Falcon Tower, No.19, Brunton Road
Bengaluru, Karnataka - 560025
www.prestigeconstructions.com
investors@prestigeconstructions.com
Registrar
MUFG Intime India Pvt Ltd.
C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai(Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra
Phone: +91 810 811 8484
Email: rnt.helpdesk@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/
Company Profile
Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The company is one of the only developers with a truly diversified and meaningful presence across asset classes - residential, commercial, retail, hospitality, and property management services. This unique breadth enables the company to grow with agility, manage risk wisely, and serve a diverse ecosystem of customers and partners.
It operates through a strong and agile network of subsidiaries, joint ventures, and associates, an integrated structure that allows company to maintain consistent execution standards and deliver operational excellence across all its projects. The company is known for its design innovation, architectural finesse, and continued commitment to meeting project timelines, attributes that have helped it earn the trust of its customers and stakeholders.
Business area of the company
The Company is engaged in the business of real estate development and related activity. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm. At Prestige, it is a connected system, shaped across Residential, Commercial, Retail, Hospitality, and Property Management and Services. Each vertical is a stronghold on its own, yet their real strength lies in how they work together. This integrated model supports consistent performance, sharpens innovation, and cushions impact during market shifts.
Business segments
Residential
- Apartments
- Villas
- Integrated Townships
- Plotted Developments
- The Prestige City Series
- Prestige Golfshire Series
Commercial
- Office Spaces
- Built-to-Suit Campuses
- Corporate Offices
- IT Park
- Warehouses
Retail
- Malls
- Multiplexes
- F&B
- Luxury Retail
- Performing Arts
Hospitality
- Hotels
- Resorts
- Convention Centres
- Service Apartments
- Golf Resorts
Property Management and Other Services
- Property Upkeep and Management
- Contracting
- Interiors
Awards
FY2017-18
- Asia Pacific Property Awards Development
- Asia Pacific Property Awards Interior Design
- Asia Pacific Property Awards Architecture
- BMA Women Entrepreneur of the Year
- CIDC Vishwakarma Award 2017
- Asia One World’s Greatest Brands 2016-17
- Power Awards 2017
- ICI (BC) - Birla Super Award for Outstanding Concrete Structure of Karnataka Building Category - 2017
- Govt. of Karnataka Power Award
- ET Most Promising Business Leader Award
- Realty Plus Award
- Shopping Centre and Mall Awards
- Asia’s Most Promising Brands 2017
- CREDAI CARE Award
FY2018-19
- Asia's Most Admired Awards
- Bangalore Best Brand
- Extraordinaire Brand
- CNBC Awaaz 12th Real Estate Awards
- CNBC Real Estate Awards 2017
- Davinci Award Publicity on Commonfloor
- Credai Membership Certificate 2018-19
- Grohe Hurun Award
- ICI (BC) Birla Super Awards
- IGBC Gold Rating For Prestige Exora Business Park
- Shopping Center Awards
- Lifetime Achivement Award
- Prestige Exora - IGBC Certificate (Gold Rated)
- Times Business Awards
FY2019-20
- Best Retail Project Forum Vijaya Mall
- Best Residential Project (Ultra Luxury) Kingfisher Towers
- Best Residential Project (Mid Segment) Prestige Lakeside Habitat
- Shopping Mall of the Year (South) Forum Shantiniketan
- Ultra Luxury Residential Project of the Year (National) - Kingfisher Towers
- Best Commercial Complex- Forum Centre City
- FIABCI Prix D’Excellence Awards in (Silver Category) Conrad Hotel, Bengaluru
- Shopping Centre of the Year (Metro-South) Forum Mall, Hyderabad
- IBC InfoMedia Pvt Ltd India’s for Most Trusted Real Estate Co
- ET Global Awards For Retail Excellence, 2020 for Shopping Centre of the Year (Retailers’ Choice) Forum Mall, Koramangala
- The Institute of Cost Accountants of India - Global Summit 2020 CEO of the Year to Mr. Venkat K. Narayana Award received from Shri Piyush Goyal
- Best Corporate Communications - Prestige Group
- Best use of Technology -Prestige Group
- Best Creative Development - Prestige Group
- India’s top builder 2021- National category
FY2021-22
- Prestige Highfields – Residential Project of the year
- Prestige Nirvana – category plotted Development, Credai Telangana Create Awards 2021
FY2022-23
- Hi Rise Project of the year for Prestige High Fields by Construction Week
- Prestige Golfshire Adjudged the ‘Most Picturesque Golf Course’ by GIA Industry Awards 2022
- ‘Best Property for Large Scale Weddings’ Awarded to JW Marriott Prestige Golfshire Resort & Spa in the Apex Awards Exotic Wedding Planners Conference 2022
- Prestige Golfshire Recognised as Asia’s best Golf Resort by World Golf Awards
FY2023-24
- Best Facade Project of the Year - Forum South Bengaluru
- Prestige Group Won the Award Under Top5 Developers Category
- Prestige Leela Residences - Best Residential Project Ultra Luxury Segment
- Forum Mall Kochi - Best Retail Project
FY2024-25
- Prestige Leela Residences - Best Residential Project Ultra Luxury Segment.
- JW Marriott Prestige Golfshire Resort & Spa - Gold Winner under Hotel category
- Green Champion Award - Prestige Group - Developer Leading the Green Building Movement in India
- Most Respected Real Estate Brand of India
- Gold Award for Excellence in industry for Annual Report
Milestones and achievements
- 1986: The company commenced operations as the partnership firm Prestige Estates and Properties
- 1988: Completed Copper Arch on Infantry Road, its first project
- 1995: Inaugurated Whistling Palms, its first plotted development project
- 1997: The name of the partnership firm was changed to Prestige Estates Projects
- 1997: The firm -- Prestige Estates Project -- was registered as Prestige Estates Projects Private Limited, a private limited company under Part-IX of the Companies Act, 1956
- 1997: Inaugurated Prestige Elgin, its 50th project
- 1998: Foray into property management services
- 2000: Inaugurated Prestige Acropolis
- 2001: Received ISO 9001:2000 Certification
- 2001: Commenced operation of Angsana, its first hospitality project
- 2003: Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title)
- 2004: Inaugurated Forum Mall, its first retail project
- 2006: Inaugurated Prestige Ozone, a villa development
- 2006: Launched Prestige Shantinikethan, an integrated township
- 2006: Launched Cessna Business Park, an SEZ
- 2007: Entered into a relationship with Red Fort India Real Estate Holdco ILLC to develop commercial space and townships.
- 2007: Expanded operations to Cochin, Chennai and Hyderabad
- 2007: Inaugurated UB City, its largest mixed use development
- 2008: The company started operations of Oakwood Premier Prestige, serviced apartments at UB City
- 2008: Inaugurated the Collections, a luxury mall at UB City
- 2008: Entered into strategic alliance with CRIDF for developing malls across South India
- 2008: Launched Prestige Golfshire
- 2008: Entered into a relationship with UIOF
- 2009: The company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status from the RoC.
- 2009: The company inaugurated the Forum Value Mall
- 2010: Launched Prestige White Meadows
- 2010: The Prestige Estates IPO opens on Oct 12, 2010
- 2015-16: Launched seven projects namely, Prestige Song of South in Bengaluru; Prestige Hillside Gateway in Kochi; Prestige Kew Gardens in Bengaluru; Prestige Boulevard in Bengaluru; Prestige Fairfield in Bengaluru; Prestige Technostar in Bengaluru and Prestige Misty Waters (Phase 2) in Bengaluru
- 2016-17: The Company has launched two residential projects aggregating to 1.98 million square feet of total developable area.
- 2016-17: Acquisition of balance stake of Prestige Exora Business Parks Limited - The Company has acquired the balance stake of 63.94% of Equity Shares from Valdel Xtent Outsourcing Solutions Private Limited, also a wholly owned subsidiary of the Company
- 2017-18: Entered three new markets i.e. Pune, Ahmedabad & Udaipur and spreading wings to Mumbai and NCR
- 2017-18: Signed platform deal worth Rs 25,000 million with HDFC Capital for mid-income/ affordable housing projects
- 2017-18: Acquisition of CapitaLand Group stake in mall entities - to contribute incremental rental
- 2017-18: Acquired 80% stake in SPV to build state-of-the-art commercial/office space in ORR, Bengaluru
- 2017-18: Acquisition of additional 49% stake in Prestige Pallavaram Ventures with potential total area for residential development
- 2018-19: The company launched projects spanning 6.63 mn sq. ft. across segments and geographies
- 2018-19: The company signed two prime real estate deals in Mumbai - one in Worli and the other in the Bandra Kurla Complex
- 2019-20: Then company recorded the highest number of launches and completions this year, totaling 17.12 mn sq.ft. and 19.32 mn sq. ft., respectively, surpassing its annual guidance
- 2020-2021: The company acquires 99% stake in Ace Realty Ventures
- 2020-2021: Prestige Group ties up with Awfis to set up 6 co-working centres
- 2020-2021: The company enters into agreement with Mysore Projects
- 2021-2022: Prestige Estate Projects acquires stake in two partnership firms
- 2021-2022: Prestige Estates Projects acquires 100% stake in Ariisto Developers
- 2021-2022: Prestige Estates Projects acquires 70% stake in Shipco Infrastructure
- 2022-2023: Prestige Estates Projects acquires 10% stake in Prestige Sterling Infraprojects
- 2022-2023: Prestige Estates Projects’ sales bookings rise 66% in Q2FY23
- 2023-2024: Prestige Estates Projects’ arm acquires 51% stake in Dashanya Tech Parkz
- 2023-2024: Prestige Estates Projects subscribes stake in Techzone Technologies
- 2023-2024: Prestige Estates logs more than two-fold jump in sale bookings in Q3
- 2023-2024: Prestige Estates Projects launches Luxury residential project ‘Prestige Somerville’ in Bangalore
- 2023-2024: Prestige Group acquires 62.5 acres prime land in Indirapuram Extension, NCR
- 2024-2025: Prestige Group enters into strategic deal with ADIA and Kotak AIF
- 2024-2025: Prestige Estates Projects acquires 50% partnership interest in Prestige Realty Ventures
- 2024-2025: Prestige Estates Projects inks business transfer agreement with Prestige Hospitality Ventures
- 2024-2025: Prestige Group launches residential project ‘Prestige Pine Forest’ in Whitefield
- 2024-2025: Prestige Estates logs 23% fall in sale bookings in Q1FY25
