Prestige Group traces its real estate business to 1986, when the Razack family, led by Irfan Razack along with brothers Rezwan and Noaman Razack, moved from retail and textiles into property development in Bangalore. Prestige Estates Projects Limited, the listed entity behind the group, was incorporated in 1997 and is headquartered in Bangalore, which makes central, old-city neighbourhoods like Ulsoor a natural extension of the company's home turf rather than a distant expansion market.
As of December 2025, the group had delivered 313 projects covering 206 million square feet, with a further pipeline of 128 projects spanning 195 million square feet across residential, commercial, retail, hospitality and mixed-use formats. On the stock exchanges, Prestige Estates Projects Limited carries a market capitalisation in excess of Rs 72,000 crore, and its FY2025-26 results showed annual sales of Rs 12,685.40 crore, underlining the scale at which the group now operates well beyond its original Bangalore base.
Ulsoor, also recorded historically as Halasuru, is one of the older neighbourhoods of central Bangalore, and it is here that Prestige Group has built some of its most address-driven residential work. Prestige Hermitage, on Kensington Road off MG Road, is a low-density project of just 23 units on about an acre, configured as 4BHK apartments of roughly 7,481 sq ft, reflecting a boutique, high-value format suited to a locality where large land parcels are scarce. Elsewhere in the Ulsoor and Bangalore Central belt, the group's imprint includes Prestige Chalet, Prestige El Dorado, Prestige Golden Threshold and Prestige Pine View, and on the commercial side, Prestige Summit, a Grade A office development on St. Johns Road within the same Central Business District catchment as Ulsoor.
This pattern is consistent with how Prestige has approached the older core of the city: rather than large townships, its Ulsoor-area projects tend to be smaller in unit count but positioned at the premium end, built around proximity to MG Road, Indiranagar and Old Madras Road rather than scale of land.
Ulsoor sits in the Bengaluru East zone, bordered by Indiranagar, Vimanapura and Dooravani Nagar, and carries the pincode 560008. The locality is served by a dedicated station on the Purple Metro Line that links it toward Whitefield, with Trinity metro station and Halasuru metro station both within the neighbourhood, and Old Madras Road and Murphy Road functioning as the principal connecting roads. Residents rate the locality 4.5 out of 5 for connectivity, aided by proximity to HAL Old Airport Road, the 100 Feet Road and Bagmane Tech Park roughly 5 km away, with the International Tech Park at Whitefield about 15 km out via Old Madras Road.
Ulsoor Lake anchors the neighbourhood, and the CMH Road stretch nearby functions as the main retail spine, mixing fashion outlets and supermarkets with older institutions. Social infrastructure is dense and long-established, including St. Anne's Educational Institution, Frank Anthony Public School, and multiple pre-university and degree colleges within a kilometre or two of the core Ulsoor address, alongside hospitals such as Manjushree Speciality Hospital and Lakeside Medical Centre.
Flat prices in Ulsoor currently range between roughly Rs 12,800 and Rs 22,800 per sq ft, with an average closer to Rs 14,150 per sq ft, placing it among the mid-to-premium micro-markets of Bangalore Central alongside Richmond Town, MG Road and Frazer Town. Over a ten-year horizon, flat rates in the locality have appreciated by about 64.5 percent, and by roughly 105 percent over the last three years, even as the most recent one-year reading shows a moderate pullback of around 5 percent, a pattern consistent with a mature, low-supply locality rather than a fast-launching growth corridor.
Because Ulsoor has seen limited new land availability and few large launches in recent years, values here are driven more by location and scarcity than by a pipeline of fresh supply. That scarcity is precisely why a group with an established, recognisable name in central Bangalore, and with completed projects already standing in the locality, holds a distinct advantage: buyers evaluating Ulsoor are typically not choosing between many competing new towers but between long-established addresses and the developers who already have a proven presence in them.
For anyone evaluating Prestige Group in Ulsoor, the relevant reference points are the group's decades-long operating history in Bangalore, its existing built projects in this exact micro-market, and the locality's own fundamentals, metro access, arterial road connectivity, and an established social infrastructure that does not depend on future development to mature. A Prestige-built home in Ulsoor sits within a company track record that spans hundreds of completed projects across South India, anchored by a developer whose corporate address and earliest work are themselves rooted in this part of Bangalore.