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Prestige Estates Projects Ltd. Company History and Annual Growth Details

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.

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