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.

Business area of the company

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.

Business segments

• Residential
• Commercial/Office
• Retail
• Hospitality
• Property Management

Awards

FY2017-18

• Asia Pacific Property Awards Development
  
• Asia Pacific Property Awards Interior Design
  
• Asia Pacific Property Awards Architecture
  
• BMA Women Entrepreneur of the Year
  
• CIDC Vishwakarma Award 2017
  
• Asia One World’s Greatest Brands 2016-17
  
• Power Awards 2017
  
• ICI (BC) - Birla Super Award for Outstanding Concrete Structure of Karnataka Building Category - 2017
  
• Govt. of Karnataka Power Award
  
• ET Most Promising Business Leader Award
  
• Realty Plus Award
  
• Shopping Centre and Mall Awards
  
• Asia’s Most Promising Brands 2017
  
• CREDAI CARE Award

FY2018-19

• Asia's Most Admired Awards
  
• Bangalore Best Brand
  
• Extraordinaire Brand
  
• CNBC Awaaz 12th Real Estate Awards
  
• CNBC Real Estate Awards 2017
  
• Davinci Award Publicity on Commonfloor
  
• Credai Membership Certificate 2018-19
  
• Grohe Hurun Award
  
• ICI (BC) Birla Super Awards
  
• IGBC Gold Rating For Prestige Exora Business Park
  
• Shopping Center Awards
  
• Lifetime Achivement Award
  
• Prestige Exora - IGBC Certificate (Gold Rated)
  
• Times Business Awards

FY2019-20

• 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

Milestones and achievements

• 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