Mr. Irfan Razack lauded as EY Entrepreneur Of The Year, Energy, Real Estate & Infrastructure
Pune (Voice News service): Mr. Irfan Razack, Chairman and Managing Director, of Prestige Group the country’s leading real estate company was honored with the prestigious Entrepreneur Of The Year award in the Energy, Real Estate & Infrastructure category at the recently concluded EY Entrepreneur Of The Year Awards™ 2022.
The EY Entrepreneur Of The Year Awards, now in its 24th year continues to honor resilient individuals from around the country who exemplify the indomitable entrepreneurs who, through their ingenuity and tenacity, positively affect the lives of millions and create prospects from the present. The victors were selected by a distinguished seven-member Jury Panel led by K V Kamath, Former Chairman, of ICICI Bank Ltd.
A force to reckon with, Mr. Irfan Razack has exceptional industry knowledge and turns his ideas into reality. He founded his company more than 36 years ago, which is now one of India’s most lucrative real estate firms. He is an achiever who created possibilities as Bengaluru evolved into the nation’s biggest tech hub. Mr. Irfan Razack has executed elite real estate projects in Chennai, Hyderabad, Cochin, Mangalore, Mysore, Goa, and Udaipur. The company’s projects are ranked as the best in Bangalore residential property market.
Upon receiving the recognition of ‘EY’s Entrepreneur Of The Year, Energy, Real Estate & Infrastructure’ for the first time, Mr. Irfan Razack, Chairman, and Managing Director, of Prestige Group commented, “It gives me immense pleasure to be recognized for my efforts in transforming the real estate domain. I feel honored to receive this prestigious award and would like to express my gratitude to my team for their relentless hard work and unwavering support. Such achievements will surely drive the team and me to push on with newfound zeal even in the near future. We shall stick to our principles of long-term value creation for our workforce, vendors, and customers”, he concluded.
Prestige Group: Prestige Group has a three-decade track record in real estate development. Being one of the leading real estate developers, it has a diverse business model that spans many areas, including residential, office, retail, hospitality, and services. Its footprint in India is extensive, having operations in 12 major cities. The business intends to more than quadruple its Mumbai sales to Rs 5,000 crore by the fiscal year 2026, from the present level of 2,500 crores. Cities like Bangalore, Hyderabad, and Chennai have upped their sales ambitions. The company has completed over 268 projects with a total land value of 151 million square feet and 45 running projects across segments with a total developable area of 65million square feet. CRISIL has assigned graded the company a CRISIL DA1 rating, and it also has an ICRA A+ credit rating. It is India’s sole developer with a Crisil DA1+ rating.
