Prestige Estates Projects launches Phase 2 of Gardenia Estates

1 min read     Updated on 19 Jun 2026, 03:29 AM
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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.

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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 Day5 Days1 Month6 Months1 Year5 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?

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Prestige Group partners BACL for landmark Bengaluru Airport City project

2 min read     Updated on 12 Jun 2026, 05:09 AM
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Prestige Group and BACL announced a landmark integrated destination in Bengaluru Airport City on June 11, 2026, featuring a convention centre, luxury hotels, and premium office space. The project aims to strengthen Bengaluru's global connectivity and catalyse economic growth in the airport corridor.

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Prestige Group , in partnership with Bengaluru Airport City Limited (BACL), announced a landmark integrated destination within Bengaluru Airport City on June 11, 2026. The development combines business, hospitality, culture, and experiences in a single ecosystem, anchored by a state-of-the-art convention centre. This project marks a significant step in the evolution of the airport city into a vibrant urban destination, designed to serve global travellers, event organisers, and corporations.

The development includes an iconic convention and exhibition centre, luxury hotels under the St. Regis and Marriott Marquis brands, premium office space, and curated food and beverage experiences. By integrating these elements, the project aims to strengthen Bengaluru's position as a global gateway and advance the vision of the Airport City as a dynamic centre for commerce and collaboration.

Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the development reflects the vision of creating destination-defining assets. He emphasized that integrating hospitality, business, culture, and lifestyle experiences within a single ecosystem will set new benchmarks for mixed-use development in India. He expressed pride in partnering with BACL to shape a globally competitive urban precinct.

Mr. Hari Marar, Managing Director & CEO of Bangalore International Airport Limited (BIAL), highlighted that the next phase of urban growth depends on creating destinations that bring together enterprise, talent, and ideas at scale. He noted that developments like this play a crucial role in shaping the ecosystems around airport cities, extending the airport experience beyond aviation to serve businesses and communities.

The Convention Centre is expected to become one of the region's premier venues for international conferences, exhibitions, and cultural gatherings. The broader development aims to create a vibrant destination that blends commerce, hospitality, entertainment, and culture, further catalysing economic growth and employment opportunities in the airport corridor.

Key Project Components

Component Details
Convention Centre State-of-the-art venue for international conferences and exhibitions
Hospitality Luxury hotels under St. Regis and Marriott Marquis brands
Commercial Premium office space
Lifestyle Curated food and beverage experiences

About the Partners

Prestige Group is a diversified real estate developer with a legacy spanning nearly four decades. As of March 2026, the Group has delivered 316 projects spanning 212 million sqft and has a pipeline of 135 projects across 227 million sqft.

Bengaluru Airport City Limited (BACL) is a wholly owned subsidiary of Bangalore International Airport Limited (BIAL). BACL is developing the Airport City as a mixed-use destination comprising business parks, technology hubs, a medical district, and hospitality facilities, aiming to establish it as a leading development in India.

Historical Stock Returns for Prestige Estates Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-1.99%+12.98%+11.51%-6.43%-11.53%+430.86%

What is the projected timeline for the completion of the convention centre and the overall integrated destination?

How will this development impact real estate prices and infrastructure demand in the surrounding airport corridor?

What specific economic benefits and employment opportunities are expected to be generated for the local community?

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1 Year Returns:-11.53%