BSECompany Update4h ago · 25 Sept 2026, 02:53 pm

Press Release titled "Prestige Estates Launches Prestige Parklane in Bengaluru"

Prestige Estates Projects Ltd · 533274

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Prestige Estates Projects Ltd has launched Prestige Parklane, a new residential development in Bengaluru, with 1,788 homes and a gross development value of ₹1,750 crore.

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Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment7/10

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Prestige Estates Projects Ltd - 533274 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Date: September 25, 2026 The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex, Bandra (E) Floor 25, P J Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: PRESTIGE BSE Scrip code: 533274 Dear Sir / Madam, Sub: Press Release titled “Prestige Estates Launches Prestige Parklane in Bengaluru” Please find enclosed, a copy of the Press Release titled “Prestige Estates Launches Prestige Parklane in Bengaluru”. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary & Compliance Officer Enclosed: As above Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322 PRESTIGE ESTATES LAUNCHES PRESTIGE PARKLANE IN BENGALURU 11.91-acre residential development on STRR–Devanahalli with 1,788 homes and a GDV of ₹1,750 crore Bengaluru, 25th September, 2026: Prestige Estates Projects Limited, one of India’s leading real estate developers, today announced the launch of Prestige Parklane, a new residential development strategically located along the Satellite Town Ring Road (STRR) in Devanahalli, Bengaluru. Spread across 11.91 acres, Prestige Parklane comprises 1,788 homes across nine towers, o(cid:431)ering a mix of 1, 2 and 3 Bed Homes designed to cater to a wide range of homebuyers. The project has a total saleable area of approximately 1.7 million sq. ft. and carries a gross development value (GDV) of approximately ₹1,750 crore. Located just 2 minutes from the STRR, the project benefits from its position within one of Bengaluru’s rapidly developing growth corridors, with access to the wider northern Bengaluru region and the city’s expanding infrastructure network. A key highlight of Prestige Parklane is its emphasis on open and community-oriented spaces, with approximately 4 acres of central landscaped greens integrated into the development. The project will also feature a 30,000 sq. ft. clubhouse with a comprehensive range of amenities, including a business centre, guest rooms, two double-height badminton courts, gym, spa, provisions for a creche, pharmacy, convenience store, salon, party hall and a rooftop viewing deck. Mr. Irfan Razack, Chairman & Managing Director, Prestige Group, said, “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.” With its combination of strategic connectivity, varied home configurations, landscaped open spaces and extensive amenities, Prestige Parklane is designed as a contemporary residential community for individuals and families seeking a well-connected home in North Bengaluru. About Prestige Prestige Group is one of India's leading and most diversified real estate developers, with a legacy spanning four decades and a portfolio that includes residential, commercial, retail, hospitality, and integrated township projects across major cities. As of June 2026, the Group has delivered 319 projects spanning 216 million sq. ft. and currently has a pipeline of 137 projects across 229 million sq. ft. For more information, visit www.prestigeconstructions.com Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322