Irfan Razack is a stickler for quality and a patron of change
Irfan Razack saw the Rashtrapati Bhavan for the first time when he was a college student. “I was amazed by the grandeur of that place,” he says. The Lutyens masterpiece left such a lasting impression on him that he went on to make some of the iconic buildings in Bengaluru’s urbanscape. His Prestige Group developed properties like Prestige Shantiniketan, Prestige Golfshire Club, The Forum mall and UB City.
Bengaluru’s skyline is now dominated by the landmarks Razack, 64, has created. “We wanted to focus on a mix of commercial and residential projects ever since we started our business, and we have been successful in that,” he says. His father, Razack Sattar, ran the popular tailoring shop, Prestige House for Men, in Bengaluru. Irfan and his brother, Rezwan, helped him in the business. It was Rezwan who started the property trading business in the mid 1980s. Later they got into construction.
“The initial capital was internal accruals and a bit of borrowing,” says Razack. “From there it moved into private equity, and we went in for an IPO in 2010.” Prestige Group has completed 210 projects, covering more than 80 million square feet. It is currently building 53 projects, covering 54 million sqft. And, there are 35 upcoming projects.
Diese Geschichte stammt aus der October 08, 2017-Ausgabe von THE WEEK.
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Diese Geschichte stammt aus der October 08, 2017-Ausgabe von THE WEEK.
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