Prestige Group - the developer behind Prestige Avon
Prestige Avon is developed by Prestige Group (Prestige Estates Projects Limited), among India's largest listed real-estate developers and the most consequential premium-residential brand in Bengaluru. Founded in 1986 and headquartered in Bengaluru, Prestige Group has delivered 313 projects and 206 million sq ft across India as of December 2025, is listed on the NSE (PRESTIGE) and BSE (533274), and posted record FY26 sales of ₹30,024.5 Cr. The official corporate site is prestigeconstructions.com.
Company snapshot
The listed developer at a glance - the cities it builds in and the scale behind them.
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Limited |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Listed | NSE (PRESTIGE), BSE (533274) |
| Chairman & Managing Director | Irfan Razack |
| Joint Managing Director | Rezwan Razack |
| Whole-time Director | Noaman Razack |
| Projects delivered (Dec 2025) | 313 across all verticals |
| Total area delivered | 206 million sq ft |
| Residential delivered | 162 projects / 142 million sq ft |
| FY26 sales | ₹30,024.5 Cr (record) |
| FY26 net profit | ₹1,195.5 Cr (+155.72% YoY) |
| Active geographies | Bengaluru, Hyderabad, Chennai, Kochi, Mangalore, Goa, Mumbai, NCR |
Heritage and leadership
Prestige was founded in 1986 by Irfan Razack and his brothers, growing from a tailoring-business family background into Bengaluru's most consequential premium-residential developer. Two structural decisions in the 2000s shaped the modern company: the 2010 IPO listing on the NSE and BSE, and a parallel expansion into commercial, retail, hospitality and managed-office verticals that turned Prestige from a residential developer into an integrated real-estate platform. The 2010s and 2020s broadened the footprint nationally — Hyderabad, Chennai, Goa, Kochi, the NCR and the Mumbai western suburbs.
The Razack family's structured leadership distribution is one of the company's institutional features: Irfan Razack (Chairman & Managing Director) formally established the company in 1986 with his two brothers; Rezwan Razack (Joint Managing Director) handles construction and engineering; Noaman Razack (Whole-time Director) leads the retail vertical, the Forum malls; and Uzma Irfan is Director, Corporate Communications. Each member with a defined operational vertical supports continuity across the construction cycle.
Whitefield depth - the developer's home corridor
For a buyer of Prestige Avon, the most relevant fact about Prestige Group is its depth in Whitefield specifically. This is the developer's home corridor, and its delivery history here is unusually deep:
- Prestige Shantiniketan — Whitefield. One of South India's largest integrated townships.
- Prestige Lakeside Habitat — Varthur. Luxury lakeside apartments.
- Prestige Evergreen — Varthur / East Bengaluru. 1–4 BHK apartments.
- Prestige Highland Hideaway — Whitefield. Premium apartments.
- Prestige Raintree Park — Whitefield Road. 3–5 BHK premium, an integrated township.
- Forum (Nexus) Shantiniketan — Whitefield. The retail-vertical anchor for the area.
This concentration means Prestige's approvals relationships, contractor and vendor networks, design standards and post-handover service experience are all strongest in the very corridor where Prestige Avon is being built — a material de-risking factor for a pre-launch purchase. Beyond Whitefield, the Bengaluru pipeline includes Prestige Park Street, Prestige Falcon City Luxe (Kanakapura Road) and Prestige Park Ridge (off Bannerghatta Road), all still to launch, alongside delivered communities across the city.
Financial standing and what differentiates Prestige
Prestige is listed on the NSE (PRESTIGE) and BSE (533274) since 2010, with FY26 sales of ₹30,024.5 Cr — a company record — collections of ₹18,514.6 Cr, revenue from operations of ₹12,685.4 Cr (+72.60% YoY) and consolidated net profit of ₹1,195.5 Cr (+155.72% YoY), net-debt-to-equity within investment-grade norms, and coverage by major equity-research desks. For a buyer, this listed-developer disclosure framework — quarterly NSE/BSE filings, audited financials, independent directors — provides a verifiable monitoring framework through the construction cycle that few private developers can match.
What differentiates the group: three decades of Bengaluru depth in vendor networks, regulatory relationships and delivery experience; listed-developer transparency; a diversified portfolio of commercial, retail, hospitality and managed offices alongside residential; brand depth from mid-premium to ultra-luxury through distinct sub-architectures; joint-development capability for assembling parcels in established localities; and national scale across 13 cities and 313 projects. As is appropriate for a pre-launch, buyers should still verify the project-specific Karnataka RERA registration (awaited) on the Karnataka RERA portal before booking.
Business segments
How Prestige's segment separation sets the design and specification expectation at each price point.
The segment separation lets each price point carry its own design and specification expectation — relevant context for an ultra-luxury product such as Prestige Avon, which sits at the premium end of the flagship Prestige residential band.
| Segment | What it covers |
|---|---|
| Residential | Apartments, villas, integrated townships and plotted developments, including The Prestige City and Prestige Golfshire formats |
| Commercial | Office spaces, built-to-suit campuses, IT parks, warehouses and industrial parks |
| Retail | Forum malls, multiplexes, F&B, luxury retail and performing arts |
| Hospitality | Hotels, convention centres, service apartments, resorts and golf resorts |
| Property management and other services | Property management, interiors, construction contracting, façades, doors and customised furniture |
Other Bengaluru residential projects
Beyond Whitefield, Prestige's Bengaluru residential portfolio spans the city: Prestige Park Drive (Tumkur Road, plotted) and, still to launch, Prestige Park Street, Prestige Falcon City Luxe (Kanakapura Road) and Prestige Park Ridge (off Bannerghatta Road), alongside delivered communities such as Prestige Tranquility (Old Madras Road), Prestige Jindal City (Tumkur Road), Prestige Sunrise Park (Electronic City), Prestige North Point (Hennur) and Prestige Misty Waters (Hebbal). This breadth across price points and corridors is the portfolio depth that underpins the brand.
Other verticals
Prestige is not dependent on residential cyclicality for cash flow — a structural strength that supports residential project funding through the construction cycle:
- Commercial / Grade-A offices — Prestige Tech Park (Sarjapur ORR), Prestige Cyber Towers, Prestige Atrium, Prestige Polygon.
- Retail and malls — Forum Mall Koramangala, Forum Vijaya Mall (Chennai), Forum Sujana Mall (Hyderabad), Forum Shantiniketan (Whitefield).
- Hospitality — hotels including the Sheraton Grand Bengaluru Whitefield, the Conrad Bengaluru and the JW Marriott Prestige Golfshire resort.
- Managed offices — a stake in the managed-office and co-working segment via dedicated platforms.
Delivery and timeline discipline
Prestige's residential delivery cadence is generally consistent with its stated timelines, with the normal, industry-grade adjustments documented transparently through RERA. Several structural factors support this. The company's diversified portfolio — commercial, retail and hospitality alongside residential — means project funding does not depend solely on residential sales velocity, which helps sustain construction through demand cycles. Its in-house and long-standing contractor relationships, refined over more than three decades and 313 projects, support consistent execution. And its use of modern construction systems, including Mivan formwork for high-rise towers (as at Prestige Avon), supports disciplined floor cycles. For a buyer, the relevance is that the developer's institutional setup is oriented toward completing what it starts, on a predictable schedule.
Awards and recognition
- Multiple CREDAI Real Estate Awards across Bengaluru, Hyderabad and Chennai.
- CNBC-AWAAZ Real Estate Awards for residential and integrated developments.
- Realty Plus Excellence Awards across categories.
- CRISIL DA1+ developer rating — among the highest issued in India.
- CII Excellence Awards for design and sustainability.
What differentiates Prestige Group
Prestige Avon is a pre-launch, ultra-luxury, low-density boutique project — a format in which delivery confidence and finish quality are paramount. The developer behind it brings the combination of brand, balance sheet and local depth that is the strongest assurance available in this market that the project will be delivered to standard and on a disciplined timeline. Six factors stand out:
- Three decades of Bengaluru depth — vendor networks, regulatory relationships, design standards and delivery experience few developers can match in this city.
- Listed-developer transparency — quarterly disclosures, audited financials, big-four auditor.
- Diversified portfolio — commercial, retail, hospitality and managed offices alongside residential.
- Brand depth across segments — mid-premium to ultra-luxury through distinct brand sub-architectures.
- Joint-development capability — Prestige routinely structures JDAs to assemble parcels in established Bengaluru localities.
- National scale — 13 cities, 313 projects.
Prestige Group FAQ
Who is the developer of Prestige Avon?
Prestige Avon is developed by Prestige Estates Projects Limited (Prestige Group), among India's largest listed real-estate developers. Founded in 1986 and headquartered in Bengaluru, it is listed on the NSE (PRESTIGE) and BSE (533274), with 313 projects and 206 million sq ft delivered as of December 2025.
How large is Prestige Group?
Prestige Group has delivered 313 projects and 206 million sq ft across India as of December 2025 — 162 residential projects and 142 million sq ft delivered, with 44 residential projects and 95 million sq ft ongoing. It posted record FY26 sales of ₹30,024.5 Cr and consolidated net profit of ₹1,195.5 Cr (up 155.72% year-on-year).
What other Prestige projects are in Whitefield?
Whitefield is Prestige's home corridor. Its delivery history here includes Prestige Shantiniketan, Prestige Lakeside Habitat (Varthur), Prestige Evergreen (Varthur), Prestige Highland Hideaway and Prestige Raintree Park, alongside the Forum (Nexus) Shantiniketan retail anchor — a concentration that makes the developer's approvals, vendor networks and delivery experience strongest where Prestige Avon is being built.
Is Prestige Group a listed company?
Yes. Prestige Estates Projects Limited has been listed on the NSE (PRESTIGE) and BSE (533274) since its 2010 IPO. The listed-developer framework — quarterly disclosures, audited financials, independent directors and a big-four auditor — provides a verifiable monitoring framework through the construction cycle that few private developers can match.
Why does the developer's record matter for a pre-launch purchase?
A pre-launch purchase is, at its core, a bet on the developer delivering. Prestige offers among the strongest assurance available in this market: a listed-company transparency framework, a 313-project / 206-million-sq-ft track record, record FY26 sales, and an unusually deep delivery history in Whitefield itself — the combination of brand, balance sheet and local depth that lowers the risk on a pre-launch commitment.