Prestige Group Awards and Recognition: 2026 Update

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In 2026, Prestige Group's top honours are a CREDAI Lifetime Achievement Award and a CRISIL DA1+ rating. CREDAI National gave the award to Chairman and MD Irfan Razack in December 2025. The group also closed FY26 with record sales of ₹30,024 Cr, its best year so far. Past wins include the Karnataka Rajyotsava Award in 2024 and a FIABCI global award for Prestige Silver Oak.

Many pages online list huge award counts with no event name or date. This update keeps only the honours you can trace to a clear source. That way, you can judge the builder on facts before you buy a home.

Latest Prestige Group Awards at a Glance


The table below lists the key honours and ratings, with the most recent first. It covers awards for the company, its projects and its leaders.

Year Recognition Given By Recipient
2026 Record annual sales of ₹30,024 Cr (FY26) Company results filing Prestige Estates Projects
2025 Lifetime Achievement Award CREDAI National Irfan Razack, CMD
Ongoing DA1+ developer rating CRISIL Prestige Group
2024 Karnataka Rajyotsava Award Government of Karnataka Irfan Razack
2022 Best CEO, Real Estate India Today Irfan Razack
2016 World Prix d'Excellence, Silver FIABCI Prestige Silver Oak
2010 Entrepreneur Extraordinaire Award Builders Association of India and CREDAI Irfan Razack

CREDAI Lifetime Achievement Award (December 2025)


On 22 December 2025, CREDAI National gave Irfan Razack its Lifetime Achievement Award. CREDAI is the top body of private builders in India, so this award comes from the trade itself. It honoured his long work in the sector and his past roles at CREDAI.

He once led CREDAI Bengaluru and Karnataka, and later served as Chairman of CREDAI National. While accepting the award, he said it reflects the trust of the whole industry. For you as a buyer, a peer award like this matters. It shows respect from other builders who know how hard it is to deliver homes on time.

CRISIL DA1+ Developer Rating


The CRISIL DA1+ rating is not a normal award, but it may help you the most. CRISIL rates builders on how well they deliver homes on time and to the promised quality. A DA1+ grade puts Prestige Group near the top of that scale.

This counts most when you buy a home that is still being built. You pay across several years before you get the keys, so a strong rating lowers your risk. It also helps banks clear home loans faster, which saves you time after booking.

FY26: A Record Year for the Group


Sales numbers often say more than trophies do. In FY26, Prestige Estates posted its best year so far. The figures below come from its yearly business update, which it shared in April 2026.

Metric FY26 Figure Change
Sales bookings ₹30,024 Cr Up 76%
Collections ₹18,515 Cr Up 53%
Area sold 22.28 million sq. ft. Up 77%
Homes sold 11,692 units Record high
New launches 31.84 million sq. ft. GDV of about ₹27,350 Cr

Selling 11,692 homes in one year means about 32 families booked a Prestige home every single day. Bengaluru and NCR made up about two-thirds of these sales. Strong collections also show that buyers keep paying on time, and that points to steady work on site.

Honours for the Group's Leaders


A lot of the group's praise comes through its leaders, as Irfan Razack shaped the firm early on. Here are the main personal honours he has won:

  • Karnataka Rajyotsava Award in 2024, the state's second-highest civilian honour, for real estate and giving back
  • Best CEO in real estate from India Today in 2022
  • Sir M. Visvesvaraya Memorial Award in 2015 for his work in building and infrastructure
  • Fellowship of the Royal Institution of Chartered Surveyors (FRICS) in 2013
  • Entrepreneur Extraordinaire Award from the Builders Association of India and CREDAI in 2010

These honours come from state, national and global bodies, and they span more than 15 years.

Global Praise from FIABCI


In 2016, Prestige Silver Oak in Bengaluru won the Silver Award at the FIABCI World Prix d'Excellence. FIABCI is the International Real Estate Federation, and it judges projects from across the world. That year, the project beat entries from around 40 countries to win its place.

What These Awards Mean for Home Buyers


No award should decide your purchase on its own, however big the name behind it. Still, a steady record of honours tells you a few useful things about a builder:

  • Other builders respect the group, which goes beyond its own ads and brochures.
  • A high CRISIL rating points to a history of timely, good quality delivery.
  • Record sales show that thousands of buyers trust the brand with their savings.
  • A global award shows that its design and build quality can match world standards.

How the Prestige Track Record Reaches Thane


Prestige Group built most of its record in South India, with 300+ projects across 13+ cities. The group now brings over 40 years of work to the Mumbai Metropolitan Region. Prestige Falcon City Thane is a key launch here, with nine towers and 2,075 homes on 15 acres.

For Thane buyers, this record and rating add comfort to a build that runs to December 2031. Still, check the project's own RERA details and cost sheet before you book. You can see current rates on the Prestige Falcon City Thane price page. You can also explore the facilities on the amenities page.

How to Check Any Builder Award


Some property sites list dozens of awards with no event name or date. So run these quick checks before you trust any award claim:

  • Look for the name of the body that gave the award and the exact year.
  • Search for a news report or press note from the event itself.
  • Check whether the award went to the group, one project or one leader.
  • Trust ratings from bodies like CRISIL more than paid or sponsored awards.

Every award in this guide ties back to a named body and a clear year. If a claim fails these checks, treat it as marketing and ask the sales team for proof.

FAQs


1. What is the latest award won by Prestige Group?

The latest major honour is the CREDAI National Lifetime Achievement Award. CMD Irfan Razack received it on 22 December 2025 for his long work in Indian real estate.

2. What is Prestige Group's CRISIL rating?

Prestige Group holds a CRISIL DA1+ developer rating. This grade shows a strong ability to deliver homes on time and to the promised quality.

3. What were Prestige Estates' sales in FY26?

Prestige Estates reported record sales of ₹30,024 Cr in FY26, up 76% on the year before. Collections also rose 53% to ₹18,515 Cr in the same period.

4. Which Prestige project won a global award?

Prestige Silver Oak in Bengaluru won the Silver Award at the FIABCI World Prix d'Excellence in 2016. It beat entries from around 40 countries.

5. Does Irfan Razack hold any state honours?

Yes, he received the Karnataka Rajyotsava Award in 2024, the state's second-highest civilian honour. He also won Best CEO in real estate from India Today in 2022.

6. Is Prestige Falcon City Thane built by the same developer?

Yes, Prestige Falcon City Thane comes from Prestige Group, which holds a CRISIL DA1+ rating. Still, check the project's RERA details and cost sheet before you book.

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