Prestige Group

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The Prestige Group, set up in 1986 by Razack Sattar, is a top Indian real estate company. Based in Bangalore, it has more than 316 projects (over 212 million square feet) countrywide. The group is the only Indian builder to have earned the CRISIL DA1+ rating. The highest rating awarded, it indicates strong operations and high standards of construction.

Housing projects by the group include plots, apartments, and villas. Its latest project is Prestige Olive Oak at Chapparkallu Road in the North Bangalore growth corridor. The master-planned complex spans 30+ acres. It has 600 plots of 1,200 to 1,500 sq ft, with 4.5 acres of open space. There are 50+ lifestyle amenities here, including a clubhouse, spa, and café.

The project has plots of 30×40 and 30×50 square feet, and also odd-sized plots. Its base prices start at Rs. 1.38 crore. The price does not include charges such as registration, GST, and maintenance. The pre-launch project is awaiting approval from Karnataka RERA. Buyers are advised to check all details on the official portal of the board before investing.

Prestige Olive Oak offers easy access to the north zone’s key work hubs. The KIADB Aerospace Park is just 10 kilometres away. It is well-connected by roads such as IVC Road and New Airport Road. It takes 20 minutes to reach the hub via IVC Road in peak-hour traffic. The upcoming Blue Line Yelahanka Metro Station is 8.1 kilometres away.

Origins, Leadership, Growth


From its humble beginnings, the group is now one of the most trusted Indian property brands. Irfan Razack, its Managing Director and Chairman, has led the company to new heights. Juggy Marwaha, Tariq Ahmed, Muhammad Ali, and Javed Rao are Prestige Group CEOs of specific divisions. All of them lead key verticals of the group.

The first Prestige Group Bangalore project was Prestige Court on KH Road. Over 40+ years, it has gone on to build projects in 13 cities across the country. Some of its landmark developments in its home city are:

  • The Prestige City
  • Prestige Golfshire
  • UB City
  • Prestige Shantiniketan

The company has shown remarkable growth and is listed on both the NSE and BSE. The Prestige Group’s market capitalisation is over Rs. 700 billion. Strong financial standing means the brand can execute vast master-planned township projects. These include the sprawling The Prestige City projects in cities such as Mumbai and Hyderabad.

Why Buyers Prefer the Prestige Group


The group has built a strong reputation as a builder that can be trusted. Its CRISIL DA1+ rating shows its focus on quality. Investors/buyers value its record of meeting construction schedules and delivery timelines. The company is also known for its legal compliance and clear land titles.

The projects have all the comforts, such as large clubhouses, pools, and sports courts. The builder picks the locations for its complexes carefully, close to services like schools and hospitals. These are in growing areas, which creates rising long-term value.

High quality means there is always a demand for homes for rent in these projects. The builder has a sound reputation, and its properties have a high resale value. These projects are popular with investors and buyers as they promise excellent returns on investment.

Careers in the Prestige Group


The company is known as an excellent place to work, fostering skill-building and growth. The group is known for its stability, and Prestige Group careers are much sought after. It now employs over 9000 professionals in engineering and marketing. It is rated 4.3/5 based on over 600 employee reviews on AmbitionBox.

Buyer/Investor Opinions


The Prestige Group reviews speak highly of the builder and its projects. These positively rate the builder's on-time delivery and the high quality of construction. Buyers also share that the projects have an array of the best amenities, offering easy living. These reviews offer vital insights for those looking to buy homes.

FAQs


1. What is the Prestige Group, and where is it based?

The group is India's premier real estate company, based in Bangalore. It has a presence in 13 cities across the country.

2. How many projects has the group developed in the country?

The company has built more than 316 projects across India.

3. What are the key features of Prestige Olive Oak?

Prestige Olive Oak is a pre-launch project on 30+ acres at Chapparkallu Road with 600 plots. The prices of the 1,200 to 1,500 sq ft plots in the plotted development start at Rs. 1.38 crore.

4. Who heads the Prestige Group today?

The company is ably led by Irfan Razack, its Managing Director and Chairman.

5. What are some significant projects of the group in Bangalore?

Landmark projects by the builder in Bangalore include UB City and Prestige Golfshire.

6. Is the group listed on the stock exchanges in the country?

Yes, the company is on both the BSE and the NSE.

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