Launch of Prestige Parklane in Bengaluru with ₹1,750 crore GDV
New residential launch announced: Prestige Parklane on STRR–Devanahalli, North Bengaluru.
By ScoutQuest · · 1 min read
- Land area
- 11.91 acres
- Number of homes
- 1,788 homes across nine towers
- Saleable area
- approximately 1.7 million sq. ft.
- Gross development value
- approximately ₹1,750 crore
- Location
- Satellite Town Ring Road (STRR), Devanahalli, North Bengaluru
What was announced
Prestige Estates announced the launch of Prestige Parklane, a residential development along the Satellite Town Ring Road (STRR) in Devanahalli, Bengaluru.
Project details
- Land area: 11.91 acres
- 1,788 homes across nine towers, in 1, 2 and 3 Bed configurations
- Total saleable area: approximately 1.7 million sq. ft.
- Gross development value (GDV): approximately ₹1,750 crore
- Around 4 acres of central landscaped greens
- A 30,000 sq. ft. clubhouse with business centre, guest rooms, two double-height badminton courts, gym, spa, and provisions for creche, pharmacy, convenience store, salon, party hall and rooftop viewing deck
- Located about 2 minutes from the STRR
Management comment
Chairman & Managing Director Irfan Razack said North Bengaluru continues to emerge as an important growth corridor supported by expanding infrastructure and connectivity, and that the project is expected to appeal to homebuyers seeking quality homes in the area.
Group scale
As of June 2026, the Group has delivered 319 projects spanning 216 million sq. ft. and has a pipeline of 137 projects across 229 million sq. ft.
How to read it
GDV is the estimated total sales value of the project if fully sold at expected prices; it is a potential revenue indicator over the project's life, not booked revenue. Actual realisation depends on sales pace, pricing and construction progress.
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23 Oct 2026
First tranche consummated: CPPIB acquires 10% equity and 5.79% CCPS in hospitality arm
15 Oct 2026
Prestige's Q2 business update showed strong presales and collections, with multiple brokerages maintaining buy ratings
14 Oct 2026
More numbers
- Land area11.91 acres
- Number of homes1,788 homes
- Towersnine towers
- Saleable area1.7 million sq. ft.
- Gross development value₹1,750 crore
- Central landscaped greens4 acres
- Clubhouse size30,000 sq. ft.
- Projects delivered319 projects
- Delivered area216 million sq. ft.
- Pipeline projects137 projects
- Pipeline area229 million sq. ft.
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