Prestige Group

Here are the biggest updates on Prestige Group from the last few months, listed from newest to oldest.

• 27 September 2026: The group's hotel arm, Prestige Hospitality Ventures, dropped its planned IPO due to shaky markets. Canada's CPP Investments will instead invest up to $313 million for a stake of up to 28%.
• 25 September 2026: The group launched Prestige Parklane in Devanahalli, North Bengaluru, with 1,788 new homes. The project spans 1.7 million sq ft and carries a sales value of about ₹1,750 Cr.
• 17 September 2026: Prestige launched Garden Breeze at The Prestige City, Sarjapur, on a 10-acre plot. It offers 655 homes of 2 and 3 BHK in 4 towers, worth about ₹1,100 Cr.
• 28 July 2026: The group bought a 2.35-acre land parcel in Mulund West, Mumbai, for ₹110.75 Cr. This adds to its existing Mulund projects and deepens its Mumbai land bank.
• 16 July 2026: Q1 FY27 pre-sales came in at ₹6,579 Cr, about 46% lower than the same quarter last year. The drop follows an unusually strong Q1 FY26, when pre-sales crossed ₹12,126 Cr.
• 16 July 2026: Collections still rose 6% to ₹4,802 Cr in Q1 FY27, which shows buyers kept paying on time. Hyderabad led sales at 49%, while Mumbai made up 12% of the total.
• July 2026: The group launched 4 projects in Q1 FY27, with a residential sales value of about ₹12,000 Cr. Together, these launches cover about 20 million sq ft of space.
• April 2026: Prestige closed FY26 with record pre-sales of ₹30,024 Cr, a jump of 76% over FY25. Collections rose 53% to ₹18,515 Cr, the highest in the group's history.
• April 2026: The group added projects worth over ₹50,000 Cr in sales value to its future pipeline. This gives it a deep base of launches for the next few years.

Razack Sattar founded Prestige in Bengaluru in 1986, and his son Irfan Razack made it a big brand. The firm started with small homes and shops, and then grew with Bengaluru's IT boom. Over time, it moved into large townships, tech parks, malls and luxury hotels. The group listed on the stock exchanges in 2010 as Prestige Estates Projects Ltd.

Today, the Razack family still leads the business, with Irfan Razack as Chairman and Managing Director. The second generation now runs many of its business lines. This steady family control is one reason buyers trust the brand over long build cycles.

Prestige works across four main segments, and each one adds to its cash strength. This mix sets it apart from builders that depend only on home sales.

Rental income from offices, malls and hotels gives the group a steady cash flow every month. That income helps Prestige keep building even when home sales slow down for a quarter or two.

Mumbai has become one of the group's key growth markets over the last few years. In May 2025, Prestige completed three Mumbai projects that together cover about 2.8 million sq ft. These include Siesta at The Prestige City in Mulund, with 462 homes. Prestige Jasdan Classic in Mahalaxmi added another 233 homes on 2 acres. Prestige Turf Tower in Mahalaxmi added 130 office units to the list.

The group now plans its next wave of Mumbai homes in both the western and eastern suburbs. In Borivali, Prestige Grove Park will bring 1,500 homes across 6 towers on 8 acres. The project sits beside the Sanjay Gandhi National Park, with launch planned for March 2027. Its 2 and 3 BHK homes start at about ₹2.55 Cr, and possession is targeted for December 2031.

A strong developer matters most when your home takes four to five years to build. Here is what Prestige brings to the table for buyers in 2026.

• The group has handed over more than 300 projects across India since 1986.
• Record FY26 collections of ₹18,515 Cr show that buyers pay on time and sites keep moving.
• Its CRISIL DA1+ rating points to a low risk of default on its dues.
• Income from offices, malls and hotels supports cash flow when home sales slow down.
• Global funds like CPP Investments have chosen to put fresh money into its businesses.

Still, no builder is free of risk, so you should check each project on its own merits. Verify the RERA number, read the progress reports and visit the site before you pay any large sum.

The group's recent numbers matter if you plan to buy at Prestige Grove Park. A builder that collects ₹18,515 Cr a year has the cash to keep a big site on track. Its fresh land buys in Mulund also show a long-term plan for the city, not a one-off entry. For you, that means a lower risk of stalled work over the long build period to 2031.

The dip in Q1 FY27 pre-sales came after a record quarter, so it does not signal weak demand. Collections kept rising in the same quarter, which is the number that funds your tower's construction.