Prestige Estates Expands in Devanahalli | A ₹1,750 Crore Residential Opportunity

Prestige Estates Projects has launched Prestige Parklane, a new residential development in Bengaluru’s Devanahalli area, strengthening its presence in North Bengaluru’s expanding real estate corridor.

The project is spread across 11.91 acres along the Satellite Town Ring Road, or STRR. It includes 1,788 homes across nine towers, with 1, 2 and 3 BHK configurations.

Prestige Parklane has approximately 1.7 million sq. ft. of saleable area and carries an estimated gross development value of around ₹1,750 crore.

Location is one of the project’s key attractions. Prestige says the development is located just two minutes from the STRR, providing connectivity toward Devanahalli and other parts of North Bengaluru.

The wider Devanahalli region has been developing rapidly, supported by expanding road connectivity, commercial activity and infrastructure development.

Prestige Parklane is also designed around large open spaces. Around four acres of the development will be dedicated to central landscaped greens.

The project will feature a 30,000 sq. ft. clubhouse with facilities including a gym, spa, party hall, business centre, guest rooms and two double height badminton courts.

Additional planned facilities include provisions for a creche, pharmacy, convenience store, salon and a rooftop viewing deck.

For Prestige Estates, the launch adds another sizable residential project to its Bengaluru portfolio and gives the company exposure to a developing micro market around STRR and Devanahalli.

The project’s scale is also notable. With nearly 1,800 homes, execution, sales velocity and customer demand will be important factors for investors to monitor.

North Bengaluru has increasingly become an important development zone as infrastructure improves and residential demand expands beyond the city’s established locations.

The launch therefore reflects a broader real estate trend in Bengaluru, where developers are increasingly targeting emerging corridors with large land parcels and improving connectivity.

For Prestige Estates, investors will be watching booking momentum, construction progress, cash flows and the pace at which the company’s new launches are converted into revenue.

Prestige Parklane represents another major residential launch for the group, combining a large development footprint, significant housing inventory and a location positioned around one of Bengaluru’s important emerging transport corridors.