Prestige Estates Projects Limited has launched Prestige Parklane, a new residential development in Bengaluru with a gross development value (GDV) of ₹1,750 crore. The project comprises 1,788 homes spread across 11.91 acres in the Devanahalli micro-market.

Located along the Satellite Town Ring Road (STRR), the development aims to capitalize on the region's expanding infrastructure network. The project features nine towers offering a mix of one, two, and three-bedroom configurations, catering to a broad segment of homebuyers in North Bengaluru.

Project specifications and amenities

The development includes approximately 1.7 million sq. ft. of total saleable area. A significant portion of the land parcel is dedicated to open spaces, with about 4 acres allocated for central landscaped greens. The project also features a 30,000 sq. ft. clubhouse designed to provide comprehensive lifestyle amenities.

Key facilities within the clubhouse include:

• Business centre and guest rooms
• Two double-height badminton courts
• Gym, spa, and party hall
• Rooftop viewing deck
• Provisions for a creche, pharmacy, convenience store, and salon

Strategic location and market positioning

The project is situated just two minutes from the STRR, positioning it within a rapidly developing growth corridor in northern Bengaluru. This connectivity provides access to the wider region and the city’s expanding infrastructure. Irfan Razack, Chairman and Managing Director of Prestige Group, noted that the launch aligns with the group's strategy to bring development expertise to high-growth corridors supported by improving connectivity.

Portfolio context

Prestige Group remains one of India's diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated township projects. As of June 2026, the group had delivered 319 projects totaling 216 million sq. ft. Its current pipeline stands at 137 projects across 229 million sq. ft.

Prestige Estates Projects launched Garden Breeze, a new residential development in The Prestige City, Sarjapur, Bengaluru. The project carries an estimated gross development value of ₹1100 crore.

The development spans 10 acres and comprises four towers with ground plus 30 or 22 floors, along with two basements. It offers 655 premium apartments ranging from 1081 sq ft to 1789 sq ft.

Project Specifications

Irfan Razack, Chairman and Managing Director of Prestige Group, stated that Bengaluru remains a key market supported by strong underlying demand across established and emerging residential corridors. He noted that the launch builds on the success of the flagship integrated township.

As of June 2026, the group has delivered 319 projects spanning 216 million sq. ft. It currently maintains a pipeline of 137 projects across 229 million sq. ft.