Prestige Group: Owner, History, Projects and Latest Updates 2026

Prestige Group is also known as Prestige Estates Projects Limited. It builds and sells homes, offices, malls, and hotels across India. The company has finished more than 300 projects so far. It also has projects still under work that cover over 92 million square feet. It works in five main areas. These are homes, offices, retail, hotels, and property care. You can find its shares listed on both the BSE and the NSE. The company went public in 2010.

Prestige Group does not build homes alone. It works across five clear segments, and each one adds to the group's total size.

This spread across segments helps the group manage slow years in one area. Income from offices or malls can support the business when home sales slow down.

Three brothers from the Razack family run Prestige Group. Irfan Razack is the Chairman and Managing Director. He leads the company's overall work. His brother Rezwan Razack is the Joint Managing Director. Their younger brother, Noaman Razack, works as a Director on the board. Together, the three brothers took their father's small shop forward. They built it into one of India's best known property brands.

Irfan Razack was born in 1953. He studied Economics at Bangalore University. He is the son of Razack Sattar. His father opened a small cloth shop on Commercial Street, Bangalore, in 1956. It was called Prestige House for Men. Irfan and his brothers moved the family into real estate in 1986. Their first project was Prestige Court, a home project in Bangalore. Over the years, Irfan Razack has won many honours. These include the Sir M. Visvesvaraya Memorial Award and the Karnataka Rajyotsava Award. The second is one of the state's top civilian honours. He is also a Fellow of the Royal Institution of Chartered Surveyors.

Yes, Irfan Razack and his family are billionaires many times over. Forbes India placed the Razack family on its 2025 rich list. Their combined net worth stood at around 5 billion dollars. This puts them among the top 60 richest people in the country. Most of this wealth comes from their stake in Prestige Estates Projects.

Irfan Razack draws a yearly salary as Chairman and Managing Director. The company shares this figure in its annual reports. His gross pay stood at around ₹8.6 crore in the latest reported year. This figure has moved up and down over the years. It depends on how well the company performs. This salary is separate from his net worth. His net worth mostly comes from his family's shares in the business.

Prestige Estates Projects reported revenue of close to ₹13,000 crore. This covers the last twelve months of filings. On the sales side, the numbers are even bigger. The company booked around ₹18,143 crore in property sales in just six months. This was in the first half of the 2025-26 financial year. Delhi-NCR played a big part in this growth. That region alone made up close to 45 percent of total sales. This puts it ahead of Bangalore and Mumbai, the company's older strongholds.

Prestige Estates Projects trades on both the BSE and the NSE. Its ticker symbol is PRESTIGE. As of late September 2026, the stock traded around ₹1,474. This gives the company a market value of close to ₹61,800 crore. The share has seen wide swings over the past year. It touched a low of about ₹1,090. It also touched a high of close to ₹1,805. Real estate stocks often move with interest rates and building activity. If you plan to track this stock, check a live source first. Prices change through the trading day.

Prestige Group hires across many teams. These include sales, construction, design, finance, and customer support. You can find open roles on the company's own careers page. Job sites like Naukri also list current openings. Pay tracking sites show an average yearly salary of about ₹19 to ₹20 lakh. This number changes a lot by role, level, and city. Senior roles in project management tend to pay more. Entry-level roles start on the lower end.

Prestige Group began in Bangalore. It still runs its largest number of projects there. Landmark builds like UB City and Prestige Shantiniketan sit in this city. Over time, the group grew into Chennai, Hyderabad, Kochi, Goa, and Mangalore. It later made a strong push into Mumbai. More recently, it moved into Delhi-NCR. In Gurgaon, the company signed a new deal this year. This joint project is worth around ₹5,600 crore. It sits on 17 acres of land in Sector 109. In the Mumbai region, the group has also grown into Thane. One example is Prestige Falcon City Thane. This upcoming township sits on Ghodbunder Road. It follows the same build and design approach the group has used in Bangalore for decades.

Here are the most recent updates from the company.

• Delhi-NCR made up 45 percent of Prestige Group's total sales in the first half of 2025-26. This puts it ahead of Bangalore and Mumbai.
• The company nearly sold out phase one of Prestige City in Ghaziabad. It moved around ₹8,000 crore out of a planned ₹11,000 crore of homes.
• A new phase, called MayFlower, launched in Ghaziabad. It carries an estimated sales value of ₹2,200 crore.
• Prestige Group signed a joint deal for a ₹5,600 crore home project in Sector 109, Gurgaon. The land covers 17.14 acres.
• Company leaders confirmed plans for more projects across Gurgaon, Delhi, and Noida through 2026. This is part of a long-term NCR push.
• Sales prices for plotted homes rose 43 percent in one year. They now reach ₹9,510 per square foot in some markets.
• Half-year sales bookings touched ₹18,143 crore across nearly 14 million square feet. This ranks among the company's strongest half-year runs.
• Prestige Estates shares moved between roughly ₹1,090 and ₹1,805 through the year. Investors reacted to sales updates and market mood.

Prestige Group holds a CRISIL DA1+ rating. This is the top grade a developer can get in India. It shows strong money management and a record of handing over projects on time. The company has finished over 300 projects in four decades. This has built trust with both buyers and investors. Even so, always check the RERA status and site progress for any project you consider. This applies to any project, including Prestige Falcon City Thane in Thane.