Who Is Prestige Group?
Prestige Group was founded in 1986 by Razack Sattar and is today led by his sons — Irfan Razack (Chairman & Managing Director), Rezwan Razack (Joint Managing Director) and Noaman Razack (Whole-Time Director).
Over nearly four decades, the group is reported to have completed 313+* projects, delivering 206+* million sq.ft. across residential, commercial and mixed-use developments — including 160* residential projects spanning 139* million sq.ft. Notable projects include Prestige Shantiniketan, UB City, Prestige Golfshire, Prestige Acropolis, The Forum malls, Prestige Lakeside Habitat, The Prestige City and Prestige Kingfisher Towers. Prestige Park Lane extends this legacy of premium, design-led living to a landmark ~12-acre* address in Devanahalli.
Financial Strength: India's Only CRISIL DA1+ Rated Developer, Continuously Since 2012* (Reported) Rating
Prestige Group holds India's only CRISIL DA1+ rating — the highest developer-rating grade in the country — held continuously since 2012*, reflecting a strong, consistent on-time possession track record. This is the core credential underpinning this pre-launch, early-bird-stage proposal.
A India's Only CRISIL DA1+ Rated Developer, Continuously Since 2012* (Reported) rating means the developer has a very high degree of safety with respect to timely servicing of financial obligations. In practical terms for a home buyer, this means:
- Construction financing is secure — projects won't stall due to funding gaps
- Financial discipline and governance meet institutional standards
- Prestige Group has access to lower-cost capital, enabling competitive pricing without compromising quality
- Home loans from leading banks are typically pre-approved for highly-rated developers
Landmark Projects: A Track Record in Stone
Prestige Group's portfolio spans the full spectrum of real estate — from large-format commercial IT parks to premium residential communities and integrated townships. Here are some of the group's most notable delivered projects:
UB City, The Forum, The Forum Value, The Forum Vijaya (Reported)
- Reported signature Prestige Group commercial and retail developments across Bengaluru
- Cited as evidence of the group's design-led, premium execution capability
Prestige Park Lane, Devanahalli (This Project)
- ~12 acres*, ~1,800 homes* at KIADB Phase-2
- Pre-launch, early-bird pricing from Rs 70 Lakhs*++
Residential Portfolio
- 313+ projects completed (reported): across residential, commercial and mixed-use formats.
- 206+ million sq.ft. delivered (reported): across India, as of June 2026.
- 160 residential projects, 139 million sq.ft. (reported): residential-specific delivery track record.
- CRISIL DA1+ rating (reported): India's only developer with this rating, held continuously since 2012.
New Verticals: Beyond Traditional Real Estate
Prestige Group has diversified far beyond conventional real estate, building a multi-vertical business that insulates it against sector cyclicality:
- Premium High-Rise Residential Communities: Including Prestige Park Lane and other landscaped, lifestyle-focused communities across Bengaluru and India
- Commercial & Retail Developments: Including UB City, The Forum malls and other signature commercial assets
- CRISIL DA1+ Rated, On-Time Delivery: India's only DA1+ rated developer, with reported on-time possession typically within 3-6 months of the RERA-committed date
Awards & Recognition
Prestige Group's design, construction quality, and governance standards have earned consistent recognition across India's leading real estate award platforms:
| Award | Year | Category |
|---|---|---|
| 313+ Projects Completed, 206+ Million Sq.Ft. Delivered | Reported, as of June 2026 | Delivery Track Record |
| India's Only CRISIL DA1+ Rated Developer | Reported, Continuously Since 2012 | Credit & Delivery Rating |
Global Partnerships
Prestige Group's status as the largest development partner of 160* Residential Projects, 139* Million Sq.Ft. (Reported) in India is a critical trust signal. These are sophisticated real estate investors who conduct extensive due diligence before committing capital.
Why Buying from Prestige Group Matters for Prestige Park Lane
Prestige Park Lane is not just a new launch project — it is backed by a developer with a long history of uninterrupted delivery, India's highest financial ratings, institutional-grade governance, and a clear track record of creating homes that retain and appreciate in value. For buyers making one of the largest financial decisions of their lives, the developer behind the project matters as much as the project itself.