From a Bengaluru tailor to a net worth of $1.3 billion: Meet Irfan Razak, Chairman and MD of Prestige Estate Projects – Lifestyle News

Irfan Razak, Chairman and Managing Director of Prestige Estate Projects, traces his journey from humble beginnings to becoming one of India’s richest individuals. Born into a family with a business tradition, Razak’s father, Razak Sattar, founded Prestige Group in 1950, starting with a small fabric and tailoring shop in Bangalore.

Rise of Prestige Estate Project

Prestige Estate Project Under Razak’s Leadership has emerged as a prominent player in the Indian real estate sector. With a diverse portfolio across residential, commercial, retail and hospitality sectors, the company has completed 285 projects and has 54 ongoing projects covering an impressive 75 million square feet.

financial milestones

In a significant milestone, Irfan Razak and his family’s wealth has surpassed $1 billion, driven by a 60% rise in their stake in Prestige Estates Projects.The company’s success has established it in Indiais the largest listed real estate company, followed by DLF.. Notable tenants of the prestige property include global brands such as Apple, Caterpillar, Armani and Louis Vuitton.

entrepreneurship and vision

Despite planning an early retirement after selling his second real estate project in Bangalore in 1990, Razak’s creativity and passion for entrepreneurship led him to build Prestige Estates Projects into a real estate powerhouse. I continued. He attributes his success to careful planning and a clear vision for the company’s growth.

Expansion and innovation

Prestige Estates Projects’ reach extends beyond Bangalore to cities such as Chennai, Kochi, Calicut, Hyderabad and Mumbai. The company focuses on middle-class buyers and aims to quadruple his annual sales by 2019, reflecting Razak’s commitment to innovation and customer satisfaction.

Heritage and family involvement

Razak’s younger brothers, Rezwan and Noaman, play important roles in the family business and contribute to its success and shared wealth. Entrepreneurship runs deep in the Razak family, and their fabric and tailoring shop still operates alongside their real estate business in the Prestige Estates project.

personal interests and achievements

Beyond his business endeavors, Razak is passionate about adventure sports, reflecting his sense of adventure and zest for life.. His journey from a small clothing store to the helm of his billion dollar real estate empire embodies the power of his foresight, hard work, and determination.

continued success

As of 2024, Irfan Razak’s net worth stands at $1.3 billion, cementing his place as one of India’s most influential and successful entrepreneurs. Prestige Estates Projects is poised for further growth and innovation, and Razack’s legacy continues to inspire aspiring entrepreneurs across the country.