Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S Razack, Irfan Razack, Rezwan Razack and Sameera Noaman.
The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part-IX of the Companies Act, 1956, on June 4, 1997 with the name as Prestige Estates Projects Private Limited. All the business and property of the erstwhile partnership firm therefore became vested in the company. The company was converted to a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status on November 10, 2009 from the RoC.
Its market leadership is anchored by its efficient execution, unmatched quality, timely delivery, diverse offerings and customer centricity.
The company is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
Best Retail Project Forum Vijaya Mall
Best Residential Project (Ultra Luxury) Kingfisher Towers
Best Residential Project (Mid Segment) Prestige Lakeside Habitat
Shopping Mall of the Year (South) Forum Shantiniketan
Ultra Luxury Residential Project of the Year (National) - Kingfisher Towers
Best Commercial Complex- Forum Centre City
FIABCI Prix D’Excellence Awards in (Silver Category) Conrad Hotel, Bengaluru
Shopping Centre of the Year (Metro-South) Forum Mall, Hyderabad
IBC InfoMedia Pvt Ltd India’s for Most Trusted Real Estate Co
ET Global Awards For Retail Excellence, 2020 for Shopping Centre of the Year (Retailers’ Choice) Forum Mall, Koramangala
The Institute of Cost Accountants of India - Global Summit 2020 CEO of the Year to Mr. Venkat K. Narayana Award received from Shri Piyush Goyal
1986: The company commenced operations as the partnership firm Prestige Estates and Properties
1988: Completed Copper Arch on Infantry Road, its first project
1995: Inaugurated Whistling Palms, its first plotted development project
1997: The name of the partnership firm was changed to Prestige Estates Projects
1997: The firm -- Prestige Estates Project -- was registered as Prestige Estates Projects Private Limited, a private limited company under Part-IX of the Companies Act, 1956
1997: Inaugurated Prestige Elgin, its 50th project
1998: Foray into property management services
2000: Inaugurated Prestige Acropolis
2001: Received ISO 9001:2000 Certification
2001: Commenced operation of Angsana, its first hospitality project
2003: Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title)
2004: Inaugurated Forum Mall, its first retail project
2006: Inaugurated Prestige Ozone, a villa development
2006: Launched Prestige Shantinikethan, an integrated township
2006: Launched Cessna Business Park, an SEZ
2007: Entered into a relationship with Red Fort India Real Estate Holdco ILLC to develop commercial space and townships.
2007: Expanded operations to Cochin, Chennai and Hyderabad
2007: Inaugurated UB City, its largest mixed use development
2008: The company started operations of Oakwood Premier Prestige, serviced apartments at UB City
2008: Inaugurated the Collections, a luxury mall at UB City
2008: Entered into strategic alliance with CRIDF for developing malls across South India
2008: Launched Prestige Golfshire
2008: Entered into a relationship with UIOF
2009: The company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status from the RoC.
2009: The company inaugurated the Forum Value Mall
2010: Launched Prestige White Meadows
2010: The Prestige Estates IPO opens on Oct 12, 2010
2015-16: Launched seven projects namely, Prestige Song of South in Bengaluru; Prestige Hillside Gateway in Kochi; Prestige Kew Gardens in Bengaluru; Prestige Boulevard in Bengaluru; Prestige Fairfield in Bengaluru; Prestige Technostar in Bengaluru and Prestige Misty Waters (Phase 2) in Bengaluru
2016-17: The Company has launched two residential projects aggregating to 1.98 million square feet of total developable area.
2016-17: Acquisition of balance stake of Prestige Exora Business Parks Limited - The Company has acquired the balance stake of 63.94% of Equity Shares from Valdel Xtent Outsourcing Solutions Private Limited, also a wholly owned subsidiary of the Company
2017-18: Entered three new markets i.e. Pune, Ahmedabad & Udaipur and spreading wings to Mumbai and NCR
2017-18: Signed platform deal worth Rs 25,000 million with HDFC Capital for mid-income/ affordable housing projects
2017-18: Acquisition of CapitaLand Group stake in mall entities - to contribute incremental rental
2017-18: Acquired 80% stake in SPV to build state-of-the-art commercial/office space in ORR, Bengaluru
2017-18: Acquisition of additional 49% stake in Prestige Pallavaram Ventures with potential total area for residential development
2018-19: The company launched projects spanning 6.63 mn sq. ft. across segments and geographies
2018-19: The company signed two prime real estate deals in Mumbai - one in Worli and the other in the Bandra Kurla Complex
2019-20: Then company recorded the highest number of launches and completions this year, totaling 17.12 mn sq.ft. and 19.32 mn sq. ft., respectively, surpassing its annual guidance
2020-2021: The company acquires 99% stake in Ace Realty Ventures
2020-2021: Prestige Group ties up with Awfis to set up 6 co-working centres
2020-2021: The company enters into agreement with Mysore Projects