Prestige Group is an Indian real estate development company headquartered in Bangalore, founded by Razack Sattar in 1986, with developments spanning residential, commercial, and retail assets across Bangalore, Chennai, Kochi, Hyderabad, Mumbai, Mangalore, Goa, and Delhi-NCR. As of April 2026, the group has 128 active projects under development covering approximately 195 million sq ft, and has completed 313 projects to date covering over 206 million sq ft. Within that national portfolio, North Bangalore — and Devanahalli specifically — has become one of the group's most consistently active residential corridors.
Bangalore accounts for 40% of Prestige's total deliveries, with the longest operating history in the city dating back to 1986. Out of 25 new projects planned for launch across India in FY26, 13 are in Bangalore, covering approximately 44.8 million sq ft in total developable area. Devanahalli sits at the heart of this Bangalore-first strategy, with Prestige having already delivered completed projects in the Aerospace Park belt and now advancing a new plotted phase in the Yelahanka-Devanahalli growth corridor.
The group's involvement in North Bangalore's airport zone predates most of the current wave of developer activity. Prestige Finsbury Park, a premium residential apartment project on Bagalur Main Road, was launched in 2019 and completed in 2023, built on 25 acres of land with two distinct towers — Hyde and Regent. The project is located adjacent to the aerotropolis, within the IT, Aerospace, and Hardware Park being developed by the KIADB. Hyde delivered 2,092 units across 15 acres in 12 towers with 1 and 2 BHK apartments, while Regent offered 958 units of 3 BHK apartments across 10 acres in 6 towers. This 3,050-home township, completed and handed over, established Prestige as the largest residential developer to have actually delivered scale in the KIADB Aerospace Park zone.
Separately, Prestige Park Drive, a residential plotted development in Devanahalli near Kempegowda International Airport and Bellary Road, covered 28 acres with 80% open area, 10 high-rise towers, and 464 units of modern apartments across 18 floors, offering 1, 2, 3, and 4 BHK configurations. The project was launched in October 2020 with possession in December 2022 and is now ready to move. These delivered assets matter: buyers evaluating Prestige Gardenia Estates Phase 2 can inspect finished Prestige product within the same North Bangalore sub-market before committing.
Prestige Gardenia Estates is a plotted development located in the Yelahanka-Devanahalli corridor in North Bangalore, spanning 50 acres, with 516 plots ranging from 1,500 to 4,000 sq ft, priced from ₹1.20 crore up to ₹3.21 crore. Phase 2 of the project carries forward this plotted format — with plots in the range of 1,500 to 4,000 sq ft — allowing buyers to acquire land within a gated, Prestige-managed layout and construct to their own specification or timelines.
The appeal of a plotted format in this specific corridor is structural. Plotted developments in the Devanahalli belt have historically been the most resilient segment of the micro-market. Land prices in plotted developments here typically range from ₹50 lakh to ₹1.5 crore depending on plot size and proximity to prime areas. A Prestige-branded plotted layout at the Yelahanka-Devanahalli junction sits at the premium end of that band, drawing buyers who want institutional-quality land infrastructure — boundary development, internal roads, utilities, and a clubhouse — without surrendering the flexibility of self-construction. Prestige Gardenia Estates Phase 2 amenities include a clubhouse.
Devanahalli, located about 40 km north of Bangalore's city center, has rapidly evolved from a quiet town into one of Karnataka's most sought-after real estate destinations, driven by its strategic location near Kempegowda International Airport — only 12 km away — and the introduction of major infrastructure projects.
The economic drivers are layered and specific. Major projects like the KIADB Industrial Area, Aerospace SEZ, and Devanahalli Business Park are expected to generate thousands of jobs, creating sustained demand for housing within commuting range of the airport zone. Proximity to Kempegowda International Airport, the Aerospace SEZ, and robust infrastructure developments like the Peripheral Ring Road and Satellite Town Ring Road have made Devanahalli central to Bangalore real estate market forecasts for 2025 and beyond. The upcoming BIAL Airport City, featuring hotels, business parks, and retail hubs, is expected to amplify commercial activity in the corridor.
On the connectivity front, two infrastructure projects are particularly significant for buyers evaluating this area. The Satellite Town Ring Road and the planned extension of Namma Metro Phase 2B toward Devanahalli are set to enhance connectivity further. The STRR connects major satellite towns including Devanahalli, Doddaballapur, Hoskote, Ramanagara, and Nelamangala, creating seamless travel routes. For airport-adjacent buyers — NRIs, aviation professionals, logistics sector employees — this combination of road and forthcoming metro access is a practical, not aspirational, consideration.
As of 2025, residential property prices in Devanahalli range between ₹4,500 and ₹7,500 per sq ft, depending on location, property type, and the builder's reputation. The builder premium matters here: a Prestige-branded address at the upper band of that range reflects both the group's construction standards and the resale liquidity that comes with a nationally recognised developer name.
Areas like Yelahanka and Devanahalli, posting year-on-year growth of around 15.6% and 15.73% respectively, are riding the wave of airport-driven development, with investors eyeing them as long-term bets due to forthcoming satellite towns and industrial projects. North Bangalore, covering Devanahalli, Bagalur, and Nelamangala, is projected to see rental appreciation of 20–25% in 2025, benefiting from proximity to the airport and tech parks. For plotted buyers at Gardenia Estates Phase 2, the relevant benchmark is land appreciation rather than rental yield — and the 15%+ annual price movement in this sub-market over recent years has been among the strongest in Bangalore.
Prestige Group is a listed entity — Prestige Estates Projects Ltd — and its financial disclosures are public. In the nine months from April to December 2025, Prestige reported record sales of approximately ₹22,327 crore, with Q3 FY26 sales of about ₹4,184 crore and collections of ₹4,547 crore, marking the highest-ever nine-month performance in the company's history. For the full FY26, total sales reached ₹30,024.5 crore, up 76% year-on-year, with collections of ₹18,515 crore, up 53% year-on-year.
The group holds a CRISIL DA1+ developer grading — the highest rating any real estate developer can achieve in India — and an ICRA A+ credit rating, positioning Prestige among the most trusted and financially stable developers in the country. For a buyer purchasing a plotted unit where the developer's ability to complete infrastructure, maintain the township, and honour delivery commitments is critical, this financial credibility is a material consideration, not a marketing footnote.
Devanahalli is transforming into a self-sufficient urban hub, with new premium villa communities, gated plotted developments, malls, hospitals, international schools, and entertainment centers coming up, offering a better quality of life for residents. The area's social infrastructure has expanded alongside residential supply: the Yelahanka belt, which Gardenia Estates Phase 2 sits adjacent to, already hosts established schools, the Columbia Asia Hospital network, and the Yelahanka air force cantonment that has historically kept the northern corridor's civic quality high.
North Bangalore continues to draw attention, with areas like Devanahalli, Bagalur, and Nelamangala seeing rising demand driven by proximity to the airport and employment hubs like Manyata Tech Park. For buyers who work in the Manyata cluster — North Bangalore's largest commercial district — a Devanahalli address with NH-44 connectivity represents a viable alternative to the congested Hebbal-Thanisandra belt, with significantly more open land per unit of price paid.
