Project Overview

Prestige Estates Projects Limited announced the launch of Prestige Parklane, a new residential development strategically located along the Satellite Town Ring Road (STRR) in Devanahalli, Bengaluru. The project is positioned within one of Bengaluru's rapidly developing growth corridors.

Project Specifications

  • Land Area: 11.91 acres
  • Total Homes: 1,788 units across nine towers
  • Unit Mix: 1, 2 and 3 Bed Homes
  • Saleable Area: Approximately 1.7 million sq. ft.
  • Gross Development Value (GDV): Approximately ₹1,750 crore

Location Advantages

The project is located just 2 minutes from the STRR, benefiting from access to the wider northern Bengaluru region and the city's expanding infrastructure network. The STRR–Devanahalli micro-market is described as a rapidly developing growth corridor.

Amenities and Features

  • Open Spaces: Approximately 4 acres of central landscaped greens
  • Clubhouse: 30,000 sq. ft. facility with comprehensive amenities
  • Recreational Facilities: Two double-height badminton courts, gym, spa
  • Community Services: Business centre, guest rooms, provisions for creche, pharmacy, convenience store, salon
  • Additional Features: Party hall and rooftop viewing deck

Management Commentary

Mr. Irfan Razack, Chairman & Managing Director, Prestige Group, stated: "North Bengaluru continues to emerge as an important growth corridor, supported by expanding infrastructure and improving connectivity. With Prestige Parklane, we are bringing our development expertise to the STRR–Devanahalli micro-market through a thoughtfully planned residential community that combines a well-connected location, a diverse range of home configurations and extensive lifestyle amenities. We believe the project will appeal to homebuyers looking for quality homes in a rapidly developing part of Bengaluru."

Company Background

Prestige Group is described as one of India's leading and most diversified real estate developers with a legacy spanning four decades. As of June 2026, the Group has:

  • Delivered Projects: 319 projects spanning 216 million sq. ft.
  • Current Pipeline: 137 projects across 229 million sq. ft.
  • Portfolio Diversity: Residential, commercial, retail, hospitality, and integrated township projects across major cities

Strategic Positioning

The project is designed as a contemporary residential community targeting individuals and families seeking well-connected homes in North Bengaluru, leveraging the combination of strategic connectivity, varied home configurations, landscaped open spaces, and extensive amenities.