- Business
- Prestige Estates Projects Limited is a leading Indian real estate developer engaged in the development and leasing of residential, commercial, retail, hospitality, and property management projects. The company’s core products and services include the development of residential townships, apartments, luxury villas, mansions, row houses, plotted developments, golf communities, and affordable housing; commercial office spaces; retail properties; and hospitality assets such as hotels, resorts, spas, and service apartments. Additionally, Prestige provides real estate services comprising fit-out, interior design, execution, facilities and property management, and project and construction management. Founded in 1986 and headquartered in Bengaluru, India, Prestige Estates operates primarily across major cities in India including Bengaluru, Mumbai, Hyderabad, Pune, and other key locations.
In recent company developments, Prestige Estates Projects has significantly strengthened its portfolio through strategic acquisitions and equity consolidations. Notably, in early 2025, the company increased its stake in its subsidiary Prestige Projects from 60% to 76% by acquiring a 16% equity interest for INR 494 crore, enabling greater operational control and strategic alignment. In July 2025, Prestige completed full acquisitions of two key real estate firms, Prestige Notting Hill Investments and Prestige AAA Investments, further consolidating control over its development projects. Additionally, in Q4 FY25, Prestige launched four major residential projects across Bengaluru, Mumbai, and Hyderabad, totaling a developable area of approximately 14.03 million square feet, illustrating its ongoing expansion and product diversification. The company also announced plans for a significant capital expenditure of up to ₹10,000 crore to expand its residential and commercial presence in the Mumbai Metropolitan Region and Pune, reflecting a strategic push into West India.
Prestige Estates serves a broad clientele including end-user homebuyers, commercial tenants, retail businesses, hospitality guests, and investors in India’s real estate sector. The company is a subsidiary of the Razack Family Trust and has garnered industry recognition through certifications such as ISO 9001:2000 and awards like the FIABCI Award for residential and commercial development excellence. Prestige Estates Projects Limited is publicly listed on the National Stock Exchange of India (NSE) under the ticker PRESTIGE.NS, with operations spanning over a dozen major Indian cities, positioning it as a prominent player in the diversified real estate industry in India.