Bengaluru Tailor To Rs 10,814 Crore Mogul: Irfan Razack's Journey To Leading Prestige Estates
Irfan Razack's Net Worth:?Stories of going from rags to riches are incredibly inspiring as they show the journey from hardship to incredible success. One such story is that of Irfan Razack, who is the chairman and managing director of Prestige Estates Projects and is one of India¡¯s wealthiest people.
Irfan Razack, the chairman and managing director of Prestige Estates Projects, started from humble beginnings and has become one of India¡¯s wealthiest individuals. His father, Razack Sattar, founded the Prestige Group, beginning with a small fabric and tailoring shop in Bengaluru in 1950.
The Success of Prestige Estates Projects
Under Razack¡¯s leadership, Prestige Estates Projects has become a significant player in the Indian real estate sector. The company has completed 285 projects and has 54 ongoing projects covering an impressive 75 million square feet across residential, commercial, retail, and hospitality segments.
Irfan Razack and his family's wealth surpassed $1 billion, driven by a 60% increase in shares of Prestige Estates Projects. The company is now India¡¯s largest listed property firm after DLF. Notable tenants in Prestige properties include global brands like Apple, Caterpillar, Armani, and Louis Vuitton.
Despite initial plans for retirement after selling his second real estate project in Bengaluru in 1990, Razack¡¯s passion for creativity and entrepreneurship kept him building Prestige estate projects. He credits his success to careful planning and a clear vision for the company¡¯s growth.
Prestige Estates Projects has expanded beyond Bengaluru to cities like Chennai, Kochi, Calicut, Hyderabad, and Mumbai. With a focus on middle-class buyers, the company aims to quadruple its annual sales by 2019, showing Razack¡¯s commitment to innovation and customer satisfaction.
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Family Legacy and Involvement
Razack¡¯s brothers, Rezwan and Noaman, are also integral to the family business's success. The entrepreneurial spirit runs deep in the Razack family, with their fabric and tailoring shop still operating alongside Prestige Estates Projects¡¯ real estate ventures.
Outside of business, Razack enjoys adventure sports, reflecting his adventurous spirit. His journey from a small clothing shop to leading a billion-dollar real estate empire showcases the power of vision, hard work, and determination.
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Irfan Razack's Net Worth
As of 2024, Irfan Razack¡¯s net worth stands at an impressive $1.3 billion, solidifying his status as one of India¡¯s most influential and successful entrepreneurs. With Prestige Estates Projects poised for further growth and innovation, Razack¡¯s legacy continues to inspire aspiring entrepreneurs across the country.
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