Prestige Group

Prestige Estates Projects Limited is listed on both the NSE and BSE. Its latest company filing also shows residential, commercial, retail, hospitality and property management as active business areas.

Prestige Group started in Bengaluru in 1986. Irfan Razack founded the business with his brothers and is now its Chairman and Managing Director. The group first built its base in Bengaluru and later moved into other major Indian property markets.

The listed company behind the group is Prestige Estates Projects Limited. This is useful for homebuyers because its sales, results and major business updates are available through public investor filings. Buyers do not have to depend only on project brochures or sales claims.

The latest company update gives a clear size check. As of March 2026, Prestige had completed 316 projects across 212 million sq. ft. Its current pipeline stood at 135 projects covering another 227 million sq. ft.

The group also sold 3,337 units in Q1 FY27. The sold area was 6.04 million sq. ft. Pre-sales reached ₹6,579.3 crore, while customer collections reached ₹4,802.2 crore. Bengaluru contributed 27% of total quarterly sales.

Prestige Group works across more than housing. Its current business covers homes, offices, retail, hotels and property management. This gives the group several active business lines instead of depending only on apartment sales.

In Q1 FY27, its office portfolio recorded 1.5 million sq. ft. of gross leasing. Prestige malls posted ₹737 crore in gross turnover, while mall footfall reached 5.2 million visits during the quarter.

Bengaluru remains one of the main Prestige markets. The group has large residential projects in Whitefield, Kanakapura Road and several other parts of the city.

Some projects show the scale of its work:

• Prestige Falcon City: 41 acres and 2,520 homes on Kanakapura Road.
• Prestige Park Grove: 71.41 acres and 3,713 homes in Whitefield.
• Prestige Raintree Park: 21 acres and 1,520 homes in Whitefield.
• Evergreen at Prestige Raintree Park: 24 acres and 2,000 homes.

These numbers are more useful to buyers than a simple claim that Prestige is a large builder. They show the type and size of residential communities the group has already taken up in Bengaluru.

Prestige began FY27 with ₹6,579.3 crore in residential pre-sales during April to June 2026. Hyderabad made up 49% of sales, Bengaluru 27%, Mumbai 12%, NCR 7% and other markets 5%.

The group launched four projects during the same quarter. Their combined developable area was 20.16 million sq. ft. Three projects were also completed during the quarter, covering 4.37 million sq. ft.

These figures do not promise that every project will finish on the same schedule. They do show the current scale at which Prestige is launching, selling and completing real estate.

Prestige Falcon City Reserve is part of the group’s current Bengaluru launch pipeline. During the 30 July 2026 Q1 FY27 earnings call, management listed Prestige Falcon City Reserve among the important Q2 launches. Management also said it was working to bring its major planned projects to market within FY27.

The location gives Reserve buyers another useful reference. Prestige has already developed Prestige Falcon City at Konanakunte on Kanakapura Road. The official project page lists the earlier Falcon City development at 41 acres with 2,520 homes. Buyers can study the existing development and wider location while they assess the new Reserve phase.

Prestige has almost four decades of real estate work behind it. It has also delivered hundreds of projects and publishes regular company updates because Prestige Estates Projects Limited is listed.

But the builder name alone should never decide a booking. Prestige Falcon City Reserve buyers still need to check the new RERA number, approved tower plan, carpet area, unit price, payment plan and possession date. Builder history gives one level of confidence. RERA and sale documents give the project-level proof.

Prestige Group's official site lists a CRISIL DA1 developer rating. The company also reported a GRESB score of 99 out of 100 in 2025, up from 97 in 2024.

These are group-level measures. They help buyers study the company and its business standards. They should not be read as a promise of property returns or a fixed delivery date.

For a Prestige Falcon City Reserve buyer, the key point is the proof behind the developer name. Prestige had delivered 316 projects by March 2026 and had 135 more projects in its pipeline. Falcon City Reserve is also part of its active Bengaluru launch plan.

This gives buyers useful information before booking. The final decision should still depend on the Reserve RERA approval, exact apartment cost, carpet area and approved sale documents.