Who Is Prestige Group?
Prestige Group - founded in 1986* by the Razack family - is headquartered in Bengaluru and led by Chairman & Managing Director Irfan Razack, alongside Joint Managing Director Rezwan Razack. The company is one of India's largest listed real estate developers, trading on the NSE and BSE under the symbol PRESTIGE.
The scale is substantial: 300+ completed projects spanning residential, commercial, retail, and hospitality developments, with approximately 92 million sq.ft. currently under development across the country. In Whitefield specifically, Prestige already operates the broader Prestige Raintree Park township (Phase 1: 21 acres, 18 towers, 1,520 units), with Prestige Evergreen extending that presence as the township's Phase 2, opposite Varthur Lake.
Financial Strength: Listed on NSE & BSE (PRESTIGE) - One of India's Largest Listed Realty Firms Rating
As a publicly listed company on the NSE and BSE, Prestige Group is subject to standard market disclosure and governance requirements, offering buyers an added layer of financial transparency relative to privately held developers.
A Listed on NSE & BSE (PRESTIGE) - One of India's Largest Listed Realty Firms rating means the developer has a very high degree of safety with respect to timely servicing of financial obligations. In practical terms for a home buyer, this means:
- Construction financing is secure - projects won't stall due to funding gaps
- Financial discipline and governance meet institutional standards
- Prestige Group has access to lower-cost capital, enabling competitive pricing without compromising quality
- Home loans from leading banks are typically pre-approved for highly-rated developers
Landmark Projects: A Track Record in Stone
Prestige Group's portfolio spans the full spectrum of real estate - from large-format commercial IT parks to premium residential communities and integrated townships. Here are some of the group's most notable delivered projects:
Prestige Raintree Park Phase 1, Whitefield
- 21 acres, 18 towers, 2B+G+19 floors
- 1,520 apartments across 3.5/4.5/5 BHK configurations
- The developer's existing Phase 1 launch on the same township
Prestige Evergreen, Whitefield (This Project)
- 24 acres, Phase 2 of the Raintree Park township
- ~2,000 units*, 6 typologies from 2 to 4 BHK
- Opposite the 445-acre Varthur Lake
Residential Portfolio
- Prestige Raintree Park Phase 1, Whitefield: 1,520 units, 18 towers, 3.5-5 BHK.
- Prestige Evergreen, Whitefield: the developer's newest Whitefield launch, opposite Varthur Lake.
- 300+ projects nationally: across Bengaluru, Chennai, Hyderabad, Kochi, Mumbai, NCR and more.
- ~92 million sq.ft. under development: one of the largest active development pipelines among listed Indian developers.
New Verticals: Beyond Traditional Real Estate
Prestige Group has diversified far beyond conventional real estate, building a multi-vertical business that insulates it against sector cyclicality:
- Residential: Apartments, villas and integrated townships across major Indian cities
- Commercial & Retail: Office parks, tech parks, and retail/mall developments forming a major share of Prestige's portfolio
- Hospitality: Hotels and hospitality assets developed in partnership with major international hospitality brands
Awards & Recognition
Prestige Group's design, construction quality, and governance standards have earned consistent recognition across India's leading real estate award platforms:
| Award | Year | Category |
|---|---|---|
| NSE & BSE Listing (PRESTIGE) | Reported | Public Markets & Governance |
| 300+ Projects Delivered | Reported | Delivery Track Record |
Global Partnerships
Prestige Group's status as the largest development partner of Publicly Listed (NSE/BSE: PRESTIGE) in India is a critical trust signal. These are sophisticated real estate investors who conduct extensive due diligence before committing capital.
Why Buying from Prestige Group Matters for Prestige Evergreen
Prestige Evergreen is not just a new launch project - it is backed by a developer with a long history of uninterrupted delivery, India's highest financial ratings, institutional-grade governance, and a clear track record of creating homes that retain and appreciate in value. For buyers making one of the largest financial decisions of their lives, the developer behind the project matters as much as the project itself.