| Our Company 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 with its registered office at No. 6, Commercial Street, Bangalore 560 001. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. The partnership firm was reconstituted on March 31, 1997 between Late S.
Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan. 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 on June 4, 1997 with the name Prestige Estates Projects Private Limited and was allotted company identification number 08/22322/1997. All of the business and property of the erstwhile partnership firm therefore became vested in our Company. Our Company was converted into 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.
Changes in Registered Office
The registered office of our Company was shifted from No. 303, 'Copper Arch`, No. 83, Infantry Road, Bangalore 560 001 to The Falcon House, No.1, Main Guard Cross Road, Bangalore 560 001, with effect from January 2, 2005 pursuant to a resolution of the Board dated January 1, 2005. The change in registered office was effected for operational convenience.
Key Events, Milestones and Achievements
1986
Our Company commenced operations as the partnership firm Prestige Estates and Properties
1988
Completed Copper Arch on Infantry Road, our first project
Prestige Opal and Prestige Four Seasons rated by FIABCI among the 30 best developments in the world
Prestige Meridian awarded the Best Building of the Year by the Accomodation Times, Mumbai
1995
Inaugurated Whistling Palms, our first plotted development project
1997
Inaugurated Prestige Elgin, our 50th project
The firm Prestige Estates Projects was registered as Prestige Estates Projects Private Limited`, a private
limited company under Part IX of the Companies Act
The name of the partnership firm was changed to Prestige Estates Projects
Year 1998
Foray into property management services
Year 2001
Commenced operation of Angsana, our first hospitality project
Received ISO 9001:2000 Certification
Inaugurated Prestige Acropolis
2002
Prestige Acropolis awarded in the Residential Category at the International Real Estate Federation (FIABCI) Awards
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)
Year 2004
Inaugurated Forum Mall, our first retail project
We were highly commended in the software facility category by FIABCI
2005
Euro Money Award for excellence in real estate
2006
Inaugurated Prestige Ozone a villa development
Launched Prestige Shantinikethan, an integrated township
Launched Cessna Business Park, an SEZ
2007
Entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and township
Expanded our operation to Cochin, Chennai and Hyderabad
Inaugurated UB City, our largest mixed use development
Company has been recognised as a Member in Good Standing in the Fellowship of Good Green Governance`, by Srishti
UB City awarded the Best Developer award in the Mixed Use Category at the Cityscape Real Estate Awards
The Forum rated as the Best Mall in the Country at the Real Estate Excellence Awards
Prestige Acropolis was highly commended in the Residential Category Award by FIABCI
Year 2008
Started operations of Oakwood Premier Prestige, serviced apartments at UB City
Inaugurated the Collections, a luxury mall at UB City
Entered into strategic alliance with CRIDF for developing malls across South India
Launched Prestige Golfshire
Entered into a relationship with UIOF
Company was awarded the Best Developer (Retail Project) award at the Real Estate Excellence Awards
Company was awarded the Overall Achievement Award at the Real Estate Excellence Awards
UB City awarded the Outstanding Corporate Structure of Karnataka` award at the ICI-KBC Birla Super Endowment Award
The Forum was Highly Commended under the category of Best Developer Retail (Built) at the Cityscape Asia Real Estate Awards
The Forum awarded the Most Admired Shopping Centre Of The Year: Retailers` Choice` award by Images Shopping Centre Awards (ISCA)
Prestige Elgin was awarded the Best Redevelopment award at the CNBC Asia Pacific Property Awards
Prestige Exotica awarded the Best High-Rise Development award at the CNBC Asia Pacific Property Awards
Prestige Acropolis awarded the Best Architecture (Multiple-Units) award at the CNBC Asia Pacific Property Awards
Prestige South Ridge awarded the Best Property Marketing award at the CNBC Asia Pacific Property Awards
Prestige Neptune`s (courtyard) awarded the Best Marina Development award at the CNBC Asia Pacific Property Awards
Prestige South Ridge awarded the Best Interior Design at the CNBC Asia Pacific Property Awards`
Angsana Oasis Resort and Spa awarded the Best Destination Spa at the Pevonia Asia Spa Awards, 2008`
Year 2009
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
Inaugurated the Forum Value Mall
UB City was awarded the Best Mixed Use Development (India) award by CNBC Asia Pacific Property Awards
Prestige Golfshire was awarded the Best Golf Development (India) award by CNBC Asia Pacific Property Awards
Prestige Golfshire was awarded the Highly Commended Best Mixed Used Development-Future award at the Cityscape Awards, Real Estate, Asia
Prestige Elgin won an award in the Heritage (Restoration) Category at the Prix d Excellence Awards
2010
-Launched Prestige White Meadows
-Prestige Estates to float IPO on Oct 12
Company was awarded certificate of merit for being one of India`s Top 10 Builders at the Construction
World Architect & Builder Awards 2010
Company was awarded the Commercial Master Builder Award by Construction Source India
The Popular Choice Developer of the Year - Residential award at the Realty Excellence Awards in favour of Prestige Developers
UB City was awarded the Architecture Award (Retail) by the Asia Pacific Commercial Property Awards in association with Bloomberg Television.
UB City was Highly Commended for Architecture Award (Mixed Use) India category, the Architecture Award (Leisure & Hospitality) India category and the Architecture Award (Office) India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television.
Prestige Oasis was Highly Commended in the Best Development Marketing India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television.
Oakwood Premier Serviced Residences was Highly Commended for Best Hotel Construction & Design India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television
The Forum Value Mall, Whitefield was Highly Commended for the Best Retail Development India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television.
2011
-Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares of the Company for the financial year ending March 31, 2011.
2012
-Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares.
2013
-Board recommended a Dividend of Rs. 1.20/- per equity share.
-Prestige Estates Projects Ltd won a Indian Realty Awards for the year 2013
2014
-Prestige group ties up with Disney to build Disney-themed homes
- Board recommended a Dividend of Rs. 15% on equity shares
2015
-PVR Cinemas to Add 67 Screens
-Prestige Acquires Red Fort Pie in Bengaluru's Exora Biz Park
-Realty Plus Excellence Awards
-Construction Week India Awards
-Asia Pacific International Property Awards
-National Awards for Marketing Excellence
2016
-Prestige Estate gains as CLSA adds stock to model portfolio.
2017
- Realty Plus Excellence Awards
- BMA Award
- ICI (BC) - Birla Super Award
- WCRC Award
- CREDAI Awards for Real Estate (CARE)
- Asia Pacific Property Awards
2018
-Prestige Estates Projects Ltd Acquisition of CapitaLand's Stake in Various Mall Entities
- Integrated Property Development Company of the Year
- Asia's most admired brand 2017-18
2019
-Prestige Estates Projects Ltd got Ultra Luxury Residential project of the year
2020
-Prestige Estates Projects Ltd is the Indias First Paper Currency Museum
-Prestige launches Windsor Park in Chennai
-Prestige Group announces the launch of Prestige Tranquil
- Prestige Estates Projects Ltd awarded Innovative Marketing campaign of the year
-Prestige Group announces the launch of its fifth residential development in Chennai
2021
-Prestige Estates Projects Ltd is the Top Real Estate Companies With Highest Sales In India 2021
-Prestige Estates highest bidder for Ariisto's Mumbai project
-Prestige Group launches premium plotted development in north Bengaluru
-Prestige, Blackstone sign Rs 9,160-cr deal
-Prestige Estates Projects Ltd awarded Top 50 Marketing Minds Awards 2021
2022
-Prestige Estates Projects received The Best of Bharat Award 2022.
-Prestige Estates acquires additional 10% equity stake in Prestige Sterling Infraprojects Private Limited.
2023
-Prestige Estates Projects Limited entered into joint venture with W.S. Industries (India) Limited.
-Prestige Group acquired balance stake from DB Group to own 100% stake in Prestige (BKC) Realtors Private Limited and Turf Estate Joint Venture LLP for Rs. 1,176 Crores.
2024
-Te Company informed about acquisition of equity stake in WSI Falcon Infra Projects Private Limited.
-Prestige Group acquires 22,135 sq. meters of land in Mira Bhayandar Municipal Corporation, Mumbai next to western express highway.
2025
-Prestige Group Expands Mumbai Portfolio with the launch of Prestige Garden Trails in Dahisar-Mira Road
-Prestige Group and Arihant Group enter into an agreement to jointly acquire prime land parcel in Velachery,
Chennai for premium residential development.
-Launch of plotted development project - " Prestige Gardenia Estates".
-Crisil reaffirmed developer grading at DA1+
-Lifetime Achievement award by ET Business Award
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