Prestige Group - the developer behind Prestige Gardenia Estate Phase 2
Prestige Gardenia Estate Phase 2 is developed by the Prestige Group — Prestige Estates Projects Limited — one of India's largest publicly listed real-estate developers, founded in 1986 and headquartered in Bengaluru. Listed on the NSE (PRESTIGE) and BSE (533274) since its 2010 IPO, the company has delivered 313 projects and 206 million sq.ft. across all verticals, with FY26 sales of ₹30,024.5 Cr and a CRISIL DA1+ developer rating among the highest issued in India. For this plot purchase, where title clarity and delivery credibility matter most, that listed-developer track record is the single most important risk-reducer. The company's official corporate site is prestigeconstructions.com.
Company snapshot
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Limited |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Listed | NSE (PRESTIGE) and BSE (533274) |
| Chairman & Managing Director | Irfan Razack |
| Projects delivered (Dec 2025) | 313 across all verticals |
| Total area delivered | 206 million sq.ft. |
| Residential | 150 delivered / 37 ongoing / 30 planned |
| FY26 sales | ₹30,024.5 Cr (record) |
| FY26 net profit | ₹1,195.5 Cr (+155.72% YoY) |
| Developer rating | CRISIL DA1+ (among the highest in India) |
| Active geographies | Bengaluru, Hyderabad, Chennai, Kochi, Mangalore, Goa, Pune, Mumbai, NCR |
Why the developer matters most for a plot purchase
When you buy an apartment, you are buying a built unit you can inspect. When you buy a plot, you are buying land and the developer's promise to deliver finished infrastructure on a clean title — which means the developer's credibility is the product. A weak developer can leave a layout with incomplete services, contested title, or unfulfilled approvals. This is exactly why Prestige's standing matters so much for Prestige Gardenia Estate Phase 2: the buyer is acquiring land from a developer whose title discipline, delivery record, and financial transparency are about as strong as any in the Indian market.
Heritage
Prestige was founded in 1986 by Irfan Razack and his brothers, growing from a tailoring-business family background into Bengaluru's most consequential premium-residential developer. The early years established a reputation for architecturally articulate apartments in Bengaluru's premium localities — Kalyan Nagar, Indiranagar, Whitefield — at a time when the city's apartment culture was still nascent.
Two structural decisions in the 2000s shaped the modern company: a 2010 IPO listing on the NSE and BSE, 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 Mall portfolio, the UB City development, and Oakwood Premier Prestige are commercial-vertical anchors of this period.
The 2010s and 2020s broadened the footprint nationally — Hyderabad, Chennai, Goa, Kochi, and the Mumbai western suburbs (a ₹9,000 Cr Versova entry in April 2026). Across this growth, the residential business has remained the core, with Prestige building a delivery record that few Indian developers can match.
Listed-developer transparency
A defining feature of Prestige for any buyer is that it is publicly listed (NSE: PRESTIGE; BSE: 533274) and has been since 2010. That listing brings a level of transparency and external monitoring that unlisted developers simply do not have:
- Quarterly disclosures to the NSE and BSE, with detailed project-level pipeline reporting.
- Audited financials reviewed by a big-four auditor, with quarterly reviews.
- Independent directors and a formal governance structure.
- Equity-research coverage by major desks (Motilal Oswal, ICICI Securities, Axis Capital, JM Financial), which scrutinise the company's delivery and finances continuously.
- A CRISIL DA1+ developer rating — among the highest issued in India — reflecting strong project-execution capability.
For a plot buyer committing crores to land, this verifiable monitoring framework — the ability to track the developer's financial health and delivery through the development cycle — is a material de-risker. The company's filings are disclosed on the NSE and the BSE.
Financial standing
| Metric | Figure |
|---|---|
| FY26 sales | ₹30,024.5 Cr (record) |
| FY26 collections | ₹18,514.6 Cr |
| FY26 revenue from operations | ₹12,685.4 Cr (+72.60% YoY) |
| FY26 net profit | ₹1,195.5 Cr (+155.72% YoY) |
| Q4 FY26 consolidated profit | up 900% YoY to ₹250 Cr |
Prestige's FY26 sales of ₹30,024.5 Cr are a company record and one of the largest sales prints for any Indian listed real-estate developer. A diversified portfolio — commercial, retail, hospitality, and managed offices alongside residential — means the company is not dependent on residential cyclicality for cash flow, a structural strength that supports project funding through the construction cycle.
Plotted-development pedigree
Prestige Gardenia Estate Phase 2 is a plotted development, and Prestige has a dedicated brand sub-architecture for this format. The Aston Park, Park Drive, and Park Square brands cover Prestige's plotted developments and gated-community formats. This is important context: Prestige is an early mover in branded plotted developments, and it runs them as a distinct product line with its own design and specification expectations — not as a side activity. A plotted development from Prestige carries the same institutional delivery discipline as its apartment projects. For the plot menu at this estate, see the plot options page.
Bengaluru & airport-corridor portfolio
Prestige's Bengaluru depth is unmatched, and it has a specific presence on the Devanahalli airport corridor where Gardenia Estate sits:
On the airport corridor / Devanahalli
- Prestige Park Street — pre-launch luxury 1, 2, 3 BHK apartments at Palya Village, Devanahalli, on the airport corridor.
- Prestige Park Drive — a plotted development on Tumkur Road, in Prestige's plotted brand line.
Across Bengaluru (active / recent)
- Prestige Evergreen (Varthur), Prestige Falcon City Luxe (Kanakapura Road), Prestige Highland Hideaway (Whitefield), Prestige Pallava Gardens (Sarjapur Road), Prestige Park Ridge (Bannerghatta Road), Prestige Raintree Park (Whitefield).
Delivered landmarks (Bengaluru)
- Prestige Shantiniketan (Whitefield) — one of South India's largest integrated townships; Prestige Lakeside Habitat (Varthur); Prestige Jindal City (Tumkur Road); Prestige Misty Waters (Hebbal); Prestige Royal Gardens (Tumkur Road, villa community).
This portfolio depth on and around the corridor means Prestige knows the Devanahalli market intimately — the approvals environment, the buyer profile, and the infrastructure trajectory.
Beyond residential
Prestige's diversified verticals reinforce its institutional strength:
- Commercial / Grade-A offices — Prestige Tech Park (Sarjapur ORR), Prestige Cyber Towers, Prestige Atrium, Prestige Polygon.
- Retail and malls — the Forum Mall portfolio across Bengaluru, Chennai, Hyderabad, Mangalore, and Kochi.
- Hospitality — Oakwood Premier Prestige, JW Marriott Bengaluru, Conrad Bengaluru, Hilton Bengaluru Embassy Manor.
- Managed offices — a stake in the managed-office and co-working segment.
The breadth means Prestige is not a single-product developer dependent on one market cycle — it is an integrated platform with multiple cash-flow streams supporting its residential and plotted projects.
Awards & recognition
- Multiple CREDAI Real Estate Awards across Bengaluru, Hyderabad, and Chennai.
- CNBC-AWAAZ Real Estate Awards for residential and integrated developments.
- Realty Plus Excellence Awards across multiple categories.
- CRISIL DA1+ developer rating.
- CII Excellence Awards for design and sustainability.
- CREDAI membership (also reflected on the Prestige Gardenia Estate material).
Leadership
The Razack family runs the company through a structured distribution of operational verticals — an institutional feature that gives Prestige continuity and focus:
- Irfan Razack — Chairman & Managing Director, the public face of the brand and a recurring voice in industry forums on real-estate regulation and RERA implementation.
- Rezwan Razack — Joint Managing Director, running the retail, commercial, and hospitality verticals (the Forum Mall portfolio, hospitality assets, and the Grade-A office portfolio).
- Noaman Razack — Whole-time Director, focused on design and customer experience.
- Uzma Irfan — Director, Corporate Communications, leading branding, media, and CSR.
This defined-vertical structure means each part of the business carries dedicated senior ownership — a governance feature that supports consistent execution across the company's large project pipeline.
How Prestige approaches RERA discipline
For a plot buyer, a developer's RERA track record is a practical signal of reliability. Prestige files Karnataka RERA registrations on a consistent cadence and operates within the disclosure framework the regulation requires — including the rule that no more than a small percentage of the unit value can be collected before registration is complete. Prestige Gardenia Estate Phase 2's registration (PRM/KA/RERA/1250/303/PR/080626/008705) is a valid project-class (/PR/) registration, meaning the layout, plot inventory, approvals, and timelines are disclosed on the regulator's portal and are legally binding. A buyer can independently verify the registration on the Karnataka RERA portal — a check every plot buyer should make, and one that a listed, RERA-disciplined developer makes straightforward.
What differentiates Prestige
- Three decades of Bengaluru depth — vendor networks, regulatory relationships, and delivery experience few peers can match in this city.
- Listed-developer transparency — quarterly NSE/BSE disclosures, audited financials, and a big-four auditor provide a verifiable monitoring framework.
- Diversified portfolio — commercial, retail, hospitality, and managed offices alongside residential.
- Plotted-development pedigree — a dedicated branded plotted product line (Aston Park, Park Drive, Park Square) run with institutional discipline.
- National scale — 9 cities, 313 projects, 206 million sq.ft. delivered.
- RERA discipline — consistent Karnataka RERA registrations, as with Gardenia Estate Phase 2's PRM/KA/RERA/1250/303/PR/080626/008705.
What this means for a Gardenia Estate buyer
Buying a plot at Prestige Gardenia Estate Phase 2 means buying land from a developer whose entire institutional apparatus — financial strength, title discipline, delivery record, regulatory relationships, and listed-company transparency — is aligned behind completing the infrastructure and delivering clean title. For a land purchase, where the developer's credibility is the product, that is the strongest possible foundation. It is also the reason a Prestige plotted development commands a brand premium over an unbranded layout — and the reason Phase 1 sold out in 72 hours.
For the project specifics, see the overview page and the master plan page; for the investment case built on this developer's standing, see the price page. To speak to the Prestige sales team, use the contact page.
Developer facts are drawn from Prestige Group corporate disclosures and public filings (NSE: PRESTIGE; BSE: 533274). Figures are as of the most recent available reporting and are subject to update.
Prestige Group FAQ
Who is the developer of Prestige Gardenia Estate Phase 2?
Prestige Gardenia Estate Phase 2 is developed by the Prestige Group — Prestige Estates Projects Limited — a 1986-founded, Bengaluru-headquartered developer listed on NSE (PRESTIGE) and BSE (533274), with 313 delivered projects, 206 million sq.ft. delivered, FY26 sales of ₹30,024.5 Cr, and a CRISIL DA1+ developer rating.
Why does the developer matter so much for a plot purchase?
When you buy a plot you are buying land and the developer's promise to deliver finished infrastructure on a clean title — so the developer's credibility is the product. A weak developer can leave a layout with incomplete services, contested title, or unfulfilled approvals. Prestige's title discipline, delivery record, and listed-company transparency are about as strong as any in the Indian market, which is exactly the risk-reducer a land buyer wants.
Is Prestige a listed company?
Yes. Prestige Estates Projects Limited has been listed on the NSE (PRESTIGE) and BSE (533274) since its 2010 IPO. Listing brings quarterly disclosures, audited financials reviewed by a big-four auditor, independent directors, equity-research coverage, and a CRISIL DA1+ developer rating — a verifiable monitoring framework a plot buyer can track through the development cycle.
Does Prestige have a plotted-development track record?
Yes. Prestige runs branded plotted developments and gated-community formats through its Aston Park, Park Drive, and Park Square brands. It is an early mover in branded plotted developments and runs them as a distinct product line with the same institutional delivery discipline as its apartment projects.
What other Prestige projects are near the Devanahalli airport corridor?
On the airport corridor Prestige has Prestige Park Street (pre-launch 1, 2, 3 BHK apartments at Palya Village, Devanahalli) and Prestige Park Drive (a plotted development on Tumkur Road). Across Bengaluru its book includes Prestige Evergreen, Falcon City Luxe, Highland Hideaway, Pallava Gardens, Park Ridge, and Raintree Park, plus delivered landmarks such as Prestige Shantiniketan and Prestige Lakeside Habitat.
How can I verify the RERA registration for Prestige Gardenia Estate Phase 2?
The Karnataka RERA registration number is PRM/KA/RERA/1250/303/PR/080626/008705 — a valid project-class (/PR/) registration, meaning the layout, plot inventory, approvals, and timelines are disclosed on the regulator's portal and are legally binding. You can verify it independently on the Karnataka RERA portal, a check every plot buyer should make.
Talk to the Prestige Gardenia Estate Phase 2 team
Request the current plot-availability grid, the detailed price sheet, and a site-visit slot — and, given that Phase 1 sold out in 72 hours, do it while the better-positioned plots are still open. A Prestige sales associate will reach out within one working day.
Contact us