NSEPress Release3h ago · 25 Sept 2026, 03:04 pm
Press Release
Prestige Estates Projects Limited · PRESTIGE
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Prestige Estates Projects Limited 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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Prestige Estates Projects Limited has informed the Exchange regarding a press release dated September 25, 2026, titled "Prestige Estates Launches Prestige Parklane in Bengaluru"".
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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