From Humble Beginnings to Real Estate Giant: The Inspiring Story of Irfan Razack
Meet Irfan Razack, the chairman and managing director of Prestige Estates Projects, who turned a small tailoring shop into a Rs 12,930 crore company.
Irfan RazackPrestige Estates ProjectsReal EstateIndiaBusinessReal Estate NewsAug 15, 2024
Born in a business family, Razack’s father, Razack Sattar, founded the Prestige Group with a small fabric and tailoring shop in Bengaluru in 1950.
Under Razack’s leadership, Prestige Estates Projects has become a prominent name in the Indian real estate sector. With numerous ventures across residential, commercial, retail, and hospitality segments, the company has finished 285 projects and has 54 ongoing projects.
In another major milestone, the net worth of Irfan Razack and his family crossed $1 billion, due to a 60% rise in shares of Prestige Estates Projects. The company has carved itself as India’s largest listed property firm, only behind DLF. Renowned clients of Prestige properties include global brands like Apple, Caterpillar, Armani, and Louis Vuitton.
Despite his desire for retirement after selling his second real estate project in Bengaluru in 1990, Razack’s passion for entrepreneurship led him to turn Prestige Estates Projects into a real estate giant.
Presently, Prestige Estates Projects’ has ventured beyond Bengaluru to cities like Chennai, Kochi, Calicut, Hyderabad, and Mumbai. Targeting middle-class buyers, the company aims to grow its annual sales.
Razack’s younger brothers, Rezwan and Noaman, also contribute to its immense success. Interestingly, their fabric and tailoring shop is still running alongside Prestige Estates Projects’ real estate ventures.
Presently in 2024, Irfan Razack’s net worth is whopping $1.3 billion or Rs 108,678,802,700, positioning him as one of India’s most influential and successful entrepreneurs. In FY 2023, the company marked a sale of Rs 12,930 crore. He was also named in Forbes list of 'World's Billionaires' for 2024.
Prestige Estates Projects is a leading real estate developer in India, founded by Razack Sattar in 1950. The company has developed numerous residential, commercial, retail, and hospitality projects across the country.
Irfan Razack is the chairman and managing director of Prestige Estates Projects, who has taken the company to new heights under his leadership.
Razack’s success story is an inspiration to many entrepreneurs and individuals who aspire to make it big in the business world.
The company’s success can be attributed to its focus on quality, innovation, and customer satisfaction.
Prestige Estates Projects has become a household name in India, with its projects being sought after by many homebuyers and investors.
The company’s expansion plans include venturing into new cities and developing more projects across different segments.
Irfan Razack’s net worth is expected to increase further in the coming years, as the company continues to grow and expand its operations.
Prestige Estates Projects is one of the most successful real estate companies in India, with a strong track record of delivering quality projects on time.
The company’s success has been recognized by various awards and accolades, including being named as one of the best real estate companies in India.
Irfan Razack’s leadership and vision have been instrumental in the company’s success, and he continues to be a driving force behind its growth and expansion.
The company’s focus on innovation and customer satisfaction has helped it to stay ahead of the competition and maintain its position as one of the leading real estate developers in India.
In conclusion, Irfan Razack’s success story is an inspiration to many, and his leadership and vision have made Prestige Estates Projects one of the most successful real estate companies in India.
Frequently Asked Questions
Who is Irfan Razack?
Irfan Razack is the chairman and managing director of Prestige Estates Projects, a leading real estate developer in India.
What is the net worth of Irfan Razack?
Irfan Razack’s net worth is whopping $1.3 billion or Rs 108,678,802,700.
What is Prestige Estates Projects?
Prestige Estates Projects is a leading real estate developer in India, founded by Razack Sattar in 1950.
How many projects has Prestige Estates Projects completed?
Prestige Estates Projects has completed 285 projects and has 54 ongoing projects.
What is the company’s expansion plan?
The company plans to venture into new cities and develop more projects across different segments.
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