Prestige Estates Projects launches Phase 2 of Gardenia Estates
Prestige Estates Projects has launched Phase 2 of its plotted development project, Prestige Gardenia Estates, in Devanahalli, Bengaluru. The project covers approximately 21 acres and offers 195 plots, with a total development area of just under 0.5 million sqft. The launch targets a revenue potential of ₹400 crores, capitalizing on the strong demand in the North Bengaluru corridor.

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Prestige Estates Projects has launched Phase 2 of its plotted development project, Prestige Gardenia Estates, in Devanahalli, Bengaluru. The project covers approximately 21 acres and offers 195 plots, with a total development area of just under 0.5 million sqft. The launch targets a revenue potential of ₹400 crores, capitalizing on the strong demand in the North Bengaluru corridor.
Project Details and Amenities
The development is strategically located near Kempegowda International Airport, NH 44, and the Satellite Town Ring Road. It features infrastructure-ready land with wide, tree-lined corridors, modern utilities, and curated green zones. The project includes a range of amenities such as a state-of-the-art clubhouse, jogging and walking tracks, multipurpose and pickleball courts, an outdoor gym, and a yoga lawn. Additional facilities include reflexology paths, flower and Zen gardens, a children's play area with a tree house, a skating rink, a climbing wall, sunken seating pockets, and a dedicated pet park.
Key Parameters
| Parameter | Details |
|---|---|
| Project Name | Prestige Gardenia Estates – Phase 2 |
| Location | Devanahalli, Bengaluru |
| Total Area | 21 Acres |
| Number of Plots | 195 |
| Development Area | < 0.5 mn sqft |
| Revenue Potential | ₹400 Crores |
Market Demand and Group Performance
Prestige Gardenia Estates has been well-received, with Phase 1 selling out at launch, underscoring the demand for sustainable living in North Bengaluru. The Prestige Group, a diversified real estate developer, has delivered 316 projects spanning 212 million sqft as of March 2026. The company currently has a pipeline of 135 projects across 227 million sqft.
Historical Stock Returns for Prestige Estates Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | +12.98% | +11.51% | -6.43% | -11.53% | +430.86% |
How will the rapid development in North Bengaluru impact property prices in the corridor over the next 3-5 years?
What is the expected timeline for the completion of Phase 2, and how might construction delays affect the projected revenue?
Will Prestige Group consider launching similar plotted developments in other emerging real estate corridors in India?

































