Prestige Estates Ltd Legacy
Over the last decade, the Prestige Group has confidently established itself as one of the foremost and most successful developers of real estate in India by stamping its permanent mark across all asset classes. Established in 1986, the group's turnover is today more than Rs. 3518 Cr (for FY 15). A leap that has been encouraged by CMD Irfan Razack and marshaled by his brothers Noaman Razack and Rezwan Razack. More than 192 projects have been completed and covering over 64.12 million sq.ft, the company currently has 65 ongoing projects covering 67 million sq.ft and about 34 forthcoming projects aggregating to 41.38 million sq.ft of world-class real estate space across asset classes. The Prestige Group also successfully entered the Capital Market in October 2010, with an Initial Public Offering of Rs 1200cr.
The company has diversified over the period into a number of related / non-related services, each of them spearheaded by individuals with skillful capacity. They are also the one and only developers in South India who can boast of such a commonly diverse portfolio covering the residential, retail, leisure, commercial and hospitality segments.
The company has extended its skill to major cities across South India including Mysore, Mangalore, Chennai, Kochi, Goa and Hyderabad with over 150 milestone developments across the city. The prestige group has given each city an unmatched skill with landmark malls on the lines of 'The Forum', luxury villas, tech parks, large townships, hotels and SEZs. The company has several successfully accomplished and continuing projects in Chennai to its credit, covering the commercial and retail sections. The three finished commercial development projects which have received an overwhelming response are Prestige Polygon, Prestige Palladium and Prestige Cyber in the year 2012. The Prestige Group launched Chennai's first township project with a Rs. 1,000 crore development in joint venture with the Rattha Group. Prestige Silver Springs - the first-of-its-kind luxury villas was also launched in the city in the year 2013. In 2013, Chennai's largest mall “The Forum Vijaya Mall” was unveiled.
The Prestige Group today has become a name that is equal with innovation. The company has established many landmark developments and presented many firsts to South India:
Prestige Acropolis: One of the first Premium suburban developments in Bangalore is a tribute to classical Greek architecture.
The Forum mall: The first victorious retail mall in the country to have created new benchmarks in modern day retailing and probably Globally-recognized. The project established the retail revolution in Bangalore.
Forum Value Mall: South India's first real outlet mall featuring national and international brands
The Collection, UB City: South India's initial luxury mall partnered initiative with Vijay Mallya - UB Group
Prestige Ozone: One of the first gated groups in Bangalore
Prestige Golfshire: South India's initial golf villa development set against the scenic Nandi Hills is spread across 275 acres, the property comes complete with lavish houses, a luxury spa - Quan, a club house – Falcon Greens, a private lake championship-sized golf course. The Prestige Group has also presented the world-class 5-star, luxury resort hotel - The Marriot International to Bangalore.
Prestige Lakeside Habitat: Largest housing development by the company till date, in terms of land and the total number of residences (spanning 102 acres and consisting of 3,428 apartments and 271 villas) apart from being the biggest forthcoming residential township development in the country today.
Prestige Shantiniketan: South India's first solely combined township development.
Inspired by the matchless success of The Forum mall, the Prestige Group is redefining the idea of shopping in malls by taking the 'Forum' brand further across South India. There are 6 more Forum malls that are currently under construction across Mysore, Bangalore and Kochi covering another 3 million sq ft of retail space. In 2013 The Forum Vijaya Mall, Chennai's largest mall was unveiled. In 2014, the company inaugurated Forum Sujana mall in Hyderabad and Forum Fiza mall in Mangalore.