Prestige Shettigere is developed by Prestige Group - Prestige Estates Projects Limited - one of India's largest and most established listed real-estate developers. For a pre-launch, boutique ultra-luxury villa purchase, the developer is the single most important source of confidence, and Prestige is a genuine strength on that count: a listed company with 313 delivered projects, 206 million sq ft built, record financials, and - crucially for this project - a real villa and low-rise track record in North Bengaluru. This page sets out Prestige's history, scale, financial standing, villa pedigree, and delivery discipline, and why they matter to a Prestige Shettigere buyer.
Company Snapshot
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Limited |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Listed | NSE (PRESTIGE) and BSE (533274), since 2010 |
| Chairman & Managing Director | Irfan Razack |
| Joint Managing Director | Rezwan Razack |
| Whole-time Director | Noaman Razack |
| Projects delivered (Dec 2025) | 313 across all verticals |
| Total area delivered | 206 million sq ft |
| Residential delivered | 150 projects / 127 million sq ft |
| Residential ongoing | 37 projects / 65 million sq ft |
| FY26 sales | Rs 30,024.5 Cr (record) |
| FY26 net profit | Rs 1,195.5 Cr (+155.72% YoY) |
| Developer rating | CRISIL DA1+ (among the highest issued in India) |
| Active geographies | Bengaluru, Hyderabad, Chennai, Kochi, Mangalore, Goa, Pune, Mumbai, NCR |
Heritage
Prestige was founded in 1986 by Irfan Razack and his brothers, building from a family business background into Bengaluru's most consequential premium-residential developer brand. The early years established Prestige's reputation for architecturally articulate homes in Bengaluru's premium localities - Kalyan Nagar, Indiranagar, Whitefield - at a time when the city's residential culture was still maturing.
Two structural decisions in the 2000s and 2010s shaped the modern company: the 2010 IPO listing on the NSE and BSE, which brought public-market transparency and access to institutional capital; and a parallel expansion into commercial, retail, hospitality, and managed offices that turned Prestige from a residential developer into an integrated real-estate platform. The Forum malls, the UB City development, and the Oakwood Premier Prestige hotel are anchors of that period. Through the 2010s and 2020s Prestige broadened its footprint nationally - Hyderabad, Chennai, Goa, Kochi, Pune, and the Mumbai western suburbs - while remaining, at its core, a Bengaluru company with unmatched depth in its home city. That home-city depth is directly relevant to a North Bengaluru villa enclave: Prestige's vendor networks, regulatory relationships, design standards, and post-handover experience in Bengaluru are among its strongest assets.
Leadership
- Irfan Razack - Chairman & Managing Director. The public face of the brand and a recurring voice in industry forums on real-estate regulation, RERA implementation, and the evolution of Indian residential demand.
- Rezwan Razack - Joint Managing Director. Runs the retail, commercial, and hospitality verticals - the Forum mall portfolio, hospitality assets, and the Grade-A office portfolio.
- Noaman Razack - Whole-time Director. Focuses on design and customer experience.
The Razack family's structured leadership - each member with a defined operational vertical - is one of the company's institutional strengths, giving it continuity and clear accountability across a large and diversified business.
Scale and Delivery Record
Prestige's scale is a direct de-risking factor for a buyer. As of December 2025, the group had delivered 313 projects across 206 million sq ft, including 150 residential projects and 127 million sq ft of homes, with 37 residential projects and 65 million sq ft ongoing. This is a depth of execution - across the full cycle of land, approvals, construction, and handover - that few developers in India can match, and it is the practical answer to the pre-launch buyer's core question: does this developer reliably deliver what it launches. Prestige's record says it does, at scale, over decades, in this city.
Financial Standing
For a pre-launch purchase, the developer's financial strength determines whether the project is funded through construction to delivery - and Prestige's standing is exceptional:
- Listed on NSE (PRESTIGE) and BSE (533274) since 2010, with quarterly audited disclosures, independent directors, and a big-four auditor - a verifiable monitoring framework.
- Record FY26 sales of Rs 30,024.5 Cr - one of the largest sales-print years for any Indian listed real-estate developer - with FY26 collections of Rs 18,514.6 Cr.
- Revenue from operations up 72.6% and net profit up 155.7% year on year in FY26; Q4 FY26 consolidated profit up 900% to Rs 250 Cr.
- CRISIL DA1+ developer rating - among the highest issued in India.
- Detailed coverage by major equity-research desks - Motilal Oswal, ICICI Securities, Axis Capital, JM Financial.
The diversified portfolio - commercial, retail, hospitality, and managed offices alongside residential - means Prestige is not dependent on residential cyclicality for cash flow, a structural strength that supports project funding through the construction cycle. For a buyer, this transparency and strength is the opposite of the opacity that makes some pre-launch purchases risky: Prestige's ability to fund and deliver is independently verifiable.
Prestige's Villa and Low-Rise Pedigree
Prestige is best known for premium high-rise apartments, but for a villa enclave the relevant question is its villa and low-rise track record - and Prestige has a substantiated one, particularly in North Bengaluru:
| Project | Locality | Format | Note |
|---|---|---|---|
| Prestige Augusta Golf Village | Kothanur / Hennur Main Road, North Bengaluru | 3 & 4 BHK villas + villaments, G+2 | 104 acres, 460 units; delivered Jan 2019; 4 BHK ~4,300 sq ft; launch ~Rs 3.65 Cr, resale Rs 4.3-8.06 Cr |
| Prestige Royal Gardens | Yelahanka-Doddaballapur Road, North Bengaluru | Integrated gated community | 22.5-acre development in the North Bengaluru belt |
| Prestige Park Drive | Tumkur Road | Branded plotted development | Prestige's plotted/gated-format capability |
| Prestige Southern Star | Begur Road | Township | Large-format community |
The Augusta Golf Village comparable is the most instructive precedent for Prestige Shettigere. It is a delivered, G+2, North-Bengaluru Prestige villa community - and its 4 BHK villas moved from around Rs 3.65 Cr at launch to a resale range of Rs 4.3-8.06 Cr, direct and documented evidence that a Prestige villa in North Bengaluru is well-built, well-received in the market, and holds and compounds value across a full ownership cycle. That is exactly the reassurance a Prestige Shettigere buyer needs: not just that Prestige builds well, but that it builds villas well, in North Bengaluru, that appreciate. Royal Gardens and Park Drive extend the North Bengaluru and gated-format capability, confirming this is not a one-off.
The Broader Portfolio
Prestige's residential depth in Bengaluru extends across the city and price bands - from delivered landmarks like Prestige Shantiniketan (one of South India's largest integrated townships), Prestige Lakeside Habitat, and Prestige Misty Waters, to a large current airport-corridor pipeline that includes Prestige Park Street, Prestige Springwood, and Prestige Devanahalli. Nationally, Prestige is active in Hyderabad (Golden Grove), Chennai (multiple OMR launches), Mumbai MMR (the Rs 9,000 Cr Versova entry), Pune, Kochi, Goa, and NCR. Beyond residential, the group operates the Forum malls, Prestige Tech Park and other Grade-A offices, and hospitality assets including associations with JW Marriott, Conrad, and Hilton Bengaluru. This diversification is what underpins the financial resilience that funds residential delivery.
Awards, Recognition, and Discipline
Prestige's standing is reflected in consistent industry recognition - multiple CREDAI Real Estate Awards across Bengaluru, Hyderabad, and Chennai; CNBC-AWAAZ and Realty Plus Excellence Awards; CII Excellence Awards for design and sustainability; and historical Forbes Asia Best Under a Billion recognition. On regulatory discipline, Prestige files Karnataka RERA registrations on a consistent cadence and complies with the statutory framework - which is the assurance that Prestige Shettigere will be RERA-registered in the ordinary course as it moves from pre-launch to launch, with the registration published on rera.karnataka.gov.in.
What Differentiates Prestige - For This Project
For a Prestige Shettigere buyer specifically, several Prestige differentiators matter most:
- Three decades of Bengaluru depth - vendor networks, regulatory relationships, design standards, and post-handover delivery experience that few developers can match in this city, and that a North Bengaluru villa enclave draws on directly.
- Listed-developer transparency - quarterly NSE/BSE disclosures, audited financials, and a big-four auditor provide a verifiable monitoring framework through the construction cycle - the single biggest de-risking factor for a pre-launch purchase.
- A real villa pedigree - Augusta Golf Village, Royal Gardens, and Park Drive demonstrate delivered, appreciating villa and gated-format communities in North Bengaluru.
- Financial resilience - a diversified portfolio and record financials that fund residential delivery through the cycle.
- Delivery discipline - 313 projects delivered, with a consistent RERA-filing cadence and a delivery record generally in line with stated timelines.
Why This Matters for Prestige Shettigere
A boutique ultra-luxury villa enclave is a promise: that a small, private, landscaped community of independent villas with a dedicated clubhouse will be built, to an ultra-luxury standard, and delivered. The value of that promise depends entirely on who is making it. Prestige is a listed developer with a verifiable financial standing, a 313-project delivery record, three decades of Bengaluru depth, and - most relevantly - a documented North Bengaluru villa pedigree in which its villas have held and grown their value. For a pre-launch buyer weighing whether to trust a codename-stage project with a substantial Rs 4.5-6 Cr commitment, that developer profile is the foundation of confidence. It does not remove the launch-pending unknowns (the exact RERA, possession, and per-villa schedule), but it provides the strongest possible answer to the question that matters most: will this be built and delivered as promised. On Prestige's record, the answer is a well-supported yes.
Builder Summary
Prestige Group (Prestige Estates Projects Limited) is among India's largest listed real-estate developers - founded 1986, headquartered in Bengaluru, 313 projects and 206 million sq ft delivered, record FY26 sales of Rs 30,024.5 Cr, listed on the NSE and BSE, and CRISIL DA1+ rated. Its North Bengaluru villa pedigree - Augusta Golf Village, Royal Gardens, Park Drive - demonstrates delivered, appreciating villa communities, and directly underwrites the Prestige Shettigere proposition. For a pre-launch, boutique ultra-luxury villa purchase, this developer profile is the single most important source of buyer confidence, and it is a genuine strength of the project.
About Prestige Group - Frequently Asked Questions
Who is the developer of Prestige Shettigere?
Prestige Group - Prestige Estates Projects Limited - founded 1986, headquartered in Bengaluru, and among India's largest listed real-estate developers (NSE: PRESTIGE, BSE: 533274). As of December 2025 it has delivered 313 projects across 206 million sq ft, posted record FY26 sales of Rs 30,024.5 Cr, and carries a CRISIL DA1+ developer rating.
Does Prestige have a villa track record?
Yes. Prestige's most instructive North Bengaluru comparable is Augusta Golf Village at Kothanur - a delivered G+2 villa and villament community of 460 homes on 104 acres, whose 4 BHK villas moved from around Rs 3.65 Cr at launch to a resale range of Rs 4.3-8.06 Cr. Prestige Royal Gardens (Yelahanka-Doddaballapur Road) and Prestige Park Drive (Tumkur Road) extend the North Bengaluru and gated-format pedigree.
Why does the developer matter for a pre-launch purchase?
For a pre-launch buy, the developer's financial strength determines whether the project is funded through construction to delivery. Prestige is listed on the NSE and BSE with quarterly audited disclosures, independent directors, and a big-four auditor; posted record FY26 sales of Rs 30,024.5 Cr with net profit up 155.7%; and carries a CRISIL DA1+ rating. That listed-developer transparency - independently verifiable financials, pipeline, and delivery record - is the single biggest de-risking factor for a pre-launch purchase.
Is Prestige Shettigere RERA registered?
Not yet - the project is in pre-launch. Prestige files Karnataka RERA registrations on a consistent cadence and complies with the statutory framework, so Prestige Shettigere will be RERA-registered in the ordinary course as it moves from pre-launch to launch, with the registration published on rera.karnataka.gov.in. Pre-launch buyers should not pay beyond the customary booking amount before the RERA number is issued.
Will a Prestige villa here hold its value?
Prestige's own delivered North Bengaluru villa community, Augusta Golf Village at Kothanur, saw its 4 BHK villas move from around Rs 3.65 Cr at launch to a resale range of Rs 4.3-8.06 Cr - direct, documented evidence that a Prestige villa in North Bengaluru holds and compounds value across a full ownership cycle. Combined with the airport corridor's appreciation trajectory and the scarcity of boutique branded villas, the value-retention case for Prestige Shettigere is well-supported for a long-horizon owner.