Prestige Estates Launches ₹1,750 Crore Housing Project With 1,788 Homes in Devanahalli
Bengaluru, Karnataka | September 26, 2026: Prestige Estates Projects has expanded its Bengaluru housing portfolio with a new 11.91-acre residential project in Devanahalli, adding 1,788 homes to one of North Bengaluru's major development corridors.
Named Prestige Parklane, the project has an estimated gross development value of ₹1,750 crore and around 1.7 million sq ft of saleable area.
Prestige Parklane Brings 1,788 Homes to Devanahalli
The new project is located along the Satellite Town Ring Road (STRR) in Devanahalli and will comprise nine residential towers.
The development will offer:
- 1 BHK homes
- 2 BHK homes
- 3 BHK homes
With 1,788 apartments planned across the 11.91-acre site, the project adds a sizeable new residential supply to North Bengaluru.
Why Devanahalli Is Drawing Developer Attention
Prestige Estates has identified North Bengaluru as an important growth corridor, citing infrastructure development and improving connectivity.
The project's location along the STRR places it within a broader transportation and development network that is reshaping the northern part of the Bengaluru metropolitan region.
For homebuyers, the area's infrastructure pipeline and expanding residential supply remain important factors to evaluate alongside the individual project's location and connectivity.
₹1,750 Crore Development Pipeline
Prestige Parklane carries an estimated GDV of ₹1,750 crore, making it a significant addition to Prestige Estates' Bengaluru launch pipeline.
The project covers approximately 1.7 million sq ft of saleable area, indicating the scale of residential development planned on the site.
Actual home prices, however, have not been disclosed in the project details provided.
Prestige Adds Another Bengaluru Launch
The company has also recently launched Garden Breeze at The Prestige City-Sarjapur.
That project spans around 10 acres and comprises 655 apartments across four towers, with approximately 0.93 million sq ft of saleable area and an estimated GDV of ₹1,100 crore.
The two launches together represent approximately ₹2,850 crore in estimated GDV and around 2.63 million sq ft of saleable area.
What It Means for North Bengaluru Homebuyers
The launch increases the range of branded residential supply available to buyers in Devanahalli and the wider North Bengaluru corridor.
Homebuyers evaluating the project should look beyond the developer's brand and compare factors such as connectivity, surrounding infrastructure, construction timelines, apartment configuration, total acquisition cost and the availability of everyday amenities.
For investors, the area's future development and connectivity improvements are relevant considerations, but actual returns will depend on purchase price, delivery, local demand and broader Bengaluru housing conditions.
What Happens Next
Prestige Parklane will progress as a large-scale residential development along the STRR in Devanahalli.
As sales progress, buyers will be able to assess the project based on available configurations, pricing, approvals, construction progress and delivery timelines before making a purchase decision.