This page sets out who that developer is, what it has built, and what its record does and does not tell you about Prestige Evergreen specifically.
Company at a glance
The listed developer's registered office, scale and standing.
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Ltd |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Registered office | 19 Prestige Falcon Towers, Brunton Road, Bengaluru |
| Corporate identity number | U07010KA1997PLC022322 |
| Listed on | NSE (PRESTIGE) and BSE (533274) |
| Chairman and Managing Director | Irfan Razack |
| Joint Managing Director | Rezwan Razack |
| Whole-time Director | Noaman Razack |
| Projects delivered | 316-plus |
| Area delivered | More than 212 million sq ft |
| Role at Prestige Evergreen | Promoter on the registration PRM/KA/RERA/1251/446/PR/010126/008374 |
History
Prestige began in Bengaluru in 1986, built by the Razack family out of a retail trading background rather than a construction one. The first two decades were spent establishing the brand in Bengaluru's premium residential market at a time when the city's apartment culture was still forming, and the firm's early reputation was made on architecturally distinct buildings in central and eastern Bengaluru rather than on volume.
Two decisions shaped the modern company. The first was the move into commercial, retail and hospitality alongside residential, which turned a housing developer into an integrated real-estate platform with recurring income. The second was the public listing, which put the company's accounts, its board and its disclosures into the public domain and subjected it to market scrutiny it had not previously faced. Both matter to a residential buyer for the same underlying reason: a developer that must report has less room to go quiet.
The footprint has since extended well beyond Bengaluru, into Mangalore, Hyderabad, Chennai, Kochi, Goa, Mumbai and the National Capital Region, while Bengaluru has remained the centre of gravity for the residential business.
Leadership
Prestige is promoter-led and has been throughout its history. The executive board is drawn from the founding family, with responsibilities divided by vertical rather than shared.
- Irfan Razack, Chairman and Managing Director. With his two brothers, he formally established the company in 1986.
- Rezwan Razack, Joint Managing Director. Construction and engineering across the group's projects.
- Noaman Razack, Whole-time Director. The group's retail vertical, including the Forum malls.
Continuity of this kind is not a guarantee of anything, but it is the opposite of the pattern that tends to precede trouble in this industry: a developer whose leadership, ownership and accountability all sit in the same place is easier to hold to an answer than one where they do not.
Portfolio depth
316-plus delivered projects and more than 212 million sq ft is a large number in the abstract. What makes it relevant to Prestige Evergreen is where a meaningful share of it sits. East Bengaluru - Whitefield, Varthur and the belt between them - is the developer's home corridor, and it has been building there for most of its history.
- Prestige Shantiniketan, Whitefield - one of South India's largest integrated townships.
- Prestige Lakeside Habitat, Varthur - a large lakeside residential community in the same micro-market as Prestige Evergreen.
- Prestige Highland Hideaway, Whitefield - premium apartments.
- Prestige Raintree Park, Varthur - a separately registered Prestige project nearby, under construction.
- Forum Shantiniketan, Whitefield - the retail anchor the developer built for the same catchment.
This concentration is the practical argument for the developer here. Approvals relationships, contractor and vendor networks, site supervision, drainage and services experience, and after-handover service are all strongest where a developer works most, and for Prestige that is this corridor.
The other verticals
Prestige is not only a housing company, and the breadth is worth understanding because it is what funds and stabilises the residential business.
| Vertical | What it covers |
|---|---|
| Residential | Apartments, integrated townships, villas and plotted development |
| Commercial | Grade-A office campuses, including the Prestige Tech Park portfolio |
| Retail | The Forum family of shopping centres |
| Hospitality | Hotels, convention centres and serviced apartments, including the Sheraton Grand Bengaluru Whitefield |
| Property services | Facilities management, leasing, interiors and fit-out |
A developer with recurring rental and hospitality income is less exposed to a single weak residential quarter than one that depends entirely on flat sales. That is a structural comfort for a buyer whose home is four years from completion, not a promise.
What this means for Prestige Evergreen
What a ₹2,541.63 Cr filed cost implies for a project of this size.
The scale is within the developer's demonstrated range
Prestige Evergreen is a 24.74-acre, 14-tower, 2,000-home project with a filed cost of ₹2,541.63 Cr. That is a large single project by any measure, and the relevant question is whether the promoter has built at that scale before. It has, repeatedly, and in this corridor.
The project's own compliance record is clean
Prestige Evergreen carries zero complaints on its registration record, and the proposed completion date of 30 June 2030 filed at registration has never been revised. There is no extension order against it.
The developer's record does not settle the price
Prestige publishes a starting price of about ₹1.80 Cr for Prestige Evergreen and states no basis for it. No rate per sq ft is established for this project, and no published cost sheet exists. A strong developer record is a reason to take the project seriously; it is not a substitute for a written price with the basis named on it.
Verify it for yourself
The registration is public. Look up PRM/KA/RERA/1251/446/PR/010126/008374 on rera.karnataka.gov.in and check the promoter name against the entity on the agreement you are asked to sign. Search by the registration number rather than the marketing name, which the register does not carry. The same register carries the promoter's quarterly progress returns for this project, and reading the most recent one is the single most useful ten minutes of diligence available to a buyer.
Prestige Evergreen FAQs
What is the 3 BHK with a study at Prestige Evergreen?
It is a three-bedroom home with a separate study, filed as its own product and sized from 1,991 to 2,037 sq ft. It is a distinct variant rather than a half-step between a 3 BHK and a 4 BHK, and it is worth seeing the plate before assuming the study reads as a fourth bedroom - it is designed as a study.
How large are the homes at Prestige Evergreen, and on what basis are the sizes quoted?
Sizes are quoted on super built-up area. The 2 BHK with two toilets runs 1,174 to 1,526 sq ft. The 3 BHK with two toilets is 1,461 and 1,486 sq ft. The 3 BHK with three toilets runs 1,647 to 1,825 sq ft, and the larger 3 BHK with three toilets is a separate product at 1,884 to 1,951 sq ft. The 3 BHK with a study runs 1,991 to 2,037 sq ft. The 4 BHK with three toilets and a maid's room is 2,271 and 2,299 sq ft, and the 4 BHK with four toilets and a maid's room goes up to 2,492 sq ft. Always ask for the carpet area of your specific unit in writing as well, because that is the figure the agreement is written against.
How big is the clubhouse at Prestige Evergreen?
7,666.94 sq m, which is approximately 82,500 sq ft. That is the figure in the project's own filed schedule, and it is the one to hold the developer to if a larger number is quoted to you verbally.
How much parking does Prestige Evergreen provide?
3,154 covered parking spaces and 103 open spaces, with no private garages. Confirm in writing how many bays are allotted to your specific unit and whether they are numbered, tandem or stacked, because that detail varies by unit and is not something a project-level number can answer.
What amenities are planned at Prestige Evergreen?
The filed and drawn amenity programme includes a rain tree grove trail, a linear water feature, a lagoon with a lagoon pavilion, a relaxation pool, a kids' pool, water play, a water deck, a water courtyard and a sunken deck; tennis, basketball, pickleball and padel courts, a cricket practice pitch and a fitness station; a central lawn, a dense forest area, a forest pavilion, a garden pavilion, an entry pavilion, sculpture mounds, a lookout point, an arrival terrace garden, a terrace garden, cabanas, a sun deck, a pet park and a rain tree playground, alongside the clubhouse terrace, drop-off and visitors' parking.