Prestige Group is an Indian real estate development company headquartered in Bangalore, founded by Razack Sattar in 1986, and has developed residential and commercial spaces across Bangalore, Chennai, Kochi, Hyderabad, Mumbai, Mangalore, Goa, and Delhi-NCR. With 302 completed projects delivering 193 million square feet of developed area as of September 2024, Prestige Group has established itself as one of South India's most prominent real estate firms, earning the distinction of being the only developer with a CRISIL DA1+ rating for construction and development capabilities. Listed on the stock market as Prestige Estates Projects Ltd, the group maintains consistent CRISIL DA1+ developer grading — the highest in India — and ICRA A+ credit ratings.
The group's history begins with a retail business started by founder Razack Sattar in 1986, with its very first real estate project being Prestige Court on KH Road, Bangalore. Following its initial focus on residential developments, the group expanded into commercial real estate, with the launch of UB City in Bengaluru in 2007 — a 1.6 million sq ft mixed-use complex featuring luxury retail, offices, and hospitality spaces — marking a shift toward integrated urban projects. The 2010s represented a period of accelerated scaling, during which the group launched over 100 projects across residential, commercial, and hospitality segments, while earning international acclaim such as the FIABCI World Prix d'Excellence Award in 2016.
Within Bangalore, Prestige's residential reach spans areas including Whitefield, Sarjapur Road, Hebbal, Yelahanka, Electronic City, Kanakapura Road, and Airport Road. Hebbal, at the northern arc of the city's Outer Ring Road, has been a consistent part of that footprint — a location where the developer's product positioning aligns directly with the area's buyer profile.
The original Prestige Misty Waters was a high-end residential project in Hebbal covering 6 acres, launched in July 2017 and completed by 2019, with 4 tall towers and 558 luxury apartments offering 2, 3, and 4 BHK units. The sell-out of earlier phases and sustained demand from Manyata-adjacent professionals is what has led Prestige to continue building in this micro-market, now into a third phase under the same Misty Waters identity.
The choice of location — Service Road off Kempapura Main Road, Vayunandana Layout, Hebbal — is deliberate. The project sits just behind Nagavara Lake off Outer Ring Road, in a developed area with ample amenities in the vicinity and Manyata Tech Park approximately 5 minutes away. Manyata Embassy Business Park is Bangalore's largest office complex, home to global firms including IBM, Cognizant, and Accenture. For a developer that targets senior IT professionals and CXO-segment buyers, this is an address that sells itself on commute logic alone.
Prestige Misty Waters Phase III is a premium residential apartment project by Prestige Group, located in Hebbal, North Bangalore, near Kempapura Main Road, offering well-planned 2, 3, and 4 BHK apartments with floor sizes ranging from 1,134 sq ft to 2,483 sq ft. As of early 2026, the project is in the under-construction stage, having launched in 2025, with possession set for December 2028.
The master plan spans 6 acres, with 4 towers of 24 floors each, offering 558 flats in total. The development keeps over 1 acre as central green zones and terrace gardens, with more than 70% of the total land area left open. The gated community provides a secure living space with lavish marble design, modular kitchens, and stylish bathrooms, and includes a retail plaza and town square for resident convenience.
Phase III offers over 45 modern amenities including a clubhouse, swimming pool, gym, and children's play area, along with sports facilities such as tennis and badminton courts. The development also provides 24/7 security, CCTV coverage, and power backup.
Prestige Group's continued investment in Hebbal is, in part, a bet on infrastructure timing. The area's connectivity credentials today are already strong, and the pipeline projects over the next three to four years add another layer of long-term value.
Hebbal's prime positioning at the intersection of Bellary Road (NH 44) and the northern Outer Ring Road creates unmatched connectivity advantages. Kempegowda International Airport is 27.1 km from the project, making it one of the most practical addresses in the city for frequent flyers and business executives. The Hebbal Flyover, combined with the Outer Ring Road and NH44, enables high-speed travel to tech parks, corporate offices, and other sectors of the city.
Metro connectivity is now a near-term reality. The Hebbal Blue Line metro station (Phase 2B) is targeted for completion around mid-to-late 2027, and the station will integrate with the Orange Line (JP Nagar 4th Phase–Kempapura) and the Red Line (Hebbal–Sarjapur), both under construction. Beyond Phase 2B, the Sarjapur–Hebbal corridor of approximately 37 km is planned under Metro Phase 3A, directly linking Hebbal to the Sarjapur IT belt and making Hebbal a true cross-city interchange — north to airport, east to Sarjapur, west via the ORR corridor.
On the road infrastructure side, the Karnataka Cabinet approved an 18-km twin-tube underground tunnel road connecting Hebbal to Silk Board, with a project cost of approximately ₹12,690 crore, designed to streamline north-south traffic flow entirely underground.
Property prices in Hebbal range from ₹11,000 to ₹16,000 per sq ft, with strong appreciation prospects. Hebbal remains one of the most stable and premium-performing micro-markets of North Bengaluru, with residential prices increasing by an average of 8–12% year-on-year. Flats in Hebbal saw a 17% rise in prices over the last year, reflecting strong buyer demand and consistent appreciation in this North Bangalore micro-market; citywide, Bengaluru's housing prices have risen 79% over five years.
Hebbal's rental market is anchored by Manyata Tech Park — one of Bangalore's largest IT hubs — along with major corporate offices for IBM, Philips, and Cognizant, while the Outer Ring Road tech belt, stretching from Hebbal southward, hosts dozens of Global Capability Centres and IT delivery centres. Hebbal commands 90%+ occupancy rates driven by the Manyata Tech Park and Embassy Business Hub workforces, with corporate tenants, senior managers, and expatriates forming the primary renter base.
For buyers evaluating Prestige Misty Waters Phase III as a family home rather than purely an investment, the surrounding social infrastructure covers the main anchors.
Prestige Misty Waters Phase III does not sit in isolation within the developer's portfolio. North Bengaluru accounted for nearly 34% of all residential launches in 2025, according to Cushman and Wakefield's Q4 2025 Residential Market Beat report, and Prestige has been an active participant in that story. Across North Bangalore, the group has launched projects in Yelahanka (Prestige Gardenia Estates), Bettenahalli (Prestige Marigold plotted development), and has upcoming commercial work at Hebbal itself through Prestige Century Landmark. As of June 2026, Prestige Group has completed 313+ projects and delivered over 206 million sq ft across India, with Bangalore remaining the largest single market in that portfolio by volume and history.
For a buyer in Hebbal, choosing Prestige means choosing a developer who has already completed, delivered, and handed over units in this very locality — not a first-time entrant making promises. Phase III is backed by the completed track record of Phases I and II on the same Misty Waters site, an unusual level of proof-of-delivery for an under-construction project.