Prestige Group is an Indian real estate development company headquartered in Bengaluru, founded in 1986 by Abdul Razack Sattar, and now led by his sons Irfan Razack (Chairman and Managing Director), Rezwan Razack, and Noaman Razack. The group began as a retail business and made its first move into real estate with Prestige Court on KH Road, Bangalore, in 1985. In the four decades since, it has assembled a portfolio that spans virtually every asset class — apartments, plotted townships, commercial offices, retail malls, and hospitality — across 13 cities.
With 302 completed projects delivering 193 million square feet of developed area as of September 2024, Prestige Group has established itself as one of South India's most prominent real estate firms, earning the distinction of being the only developer with a CRISIL DA1+ rating for construction and development capabilities. The company achieved a record-breaking ₹21,040 crore in sales for FY24.
The group has developed residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa, and Delhi-NCR, with notable landmark developments including Prestige Shantiniketan, UB City, Prestige Golfshire, Prestige Lakeside Habitat, and The Prestige City. Devanahalli represents the next chapter in this expansion — a deliberate entry into North Bangalore's fastest-growing growth corridor while land parcels of scale are still available.
Devanahalli, once known primarily for hosting Bangalore's international airport, has now transformed into one of the city's fastest-growing real estate markets. Being only 15 kilometres from Kempegowda International Airport has made it an ideal spot for businesses and residential projects targeting frequent travellers, corporate professionals, and global investors.
The economic engines driving residential demand here are institutional in scale. The Bangalore Aerospace Park (980 acres) hosts significant aerospace players including Boeing and Airbus. The Devanahalli Business Park (413 acres) is designed to attract multinational corporations with high-quality office spaces and modern amenities. The KIADB Aerospace SEZ already hosts major players like Shell and Boeing, with expected employment generation exceeding 80,000 jobs in the next five years.
Infrastructure investment underpins the land-value story. Devanahalli is accessible from other key areas of Bangalore via a well-built road and rail network that includes NH-44 (Bellary Road), NH-648, and Devanahalli Railway Station. The region is expected to benefit in the long term from the extension of upcoming Line 4 to Kempegowda International Airport under Phase 2B of Namma Metro. The upcoming Satellite Town Ring Road (STRR) is set to enhance connectivity further.
Property values on the IVC Road micro-market — where Prestige has planted its flag — have moved sharply. The current average price on IVC Road stands at ₹8,800–9,000 per sq ft, with between 2019 and 2024 the area recording a price hike of approximately 49%, rising from ₹4,982 to ₹7,400 per sq ft. Plotted developments continue to be especially popular, with land prices typically ranging from ₹50 lakh to ₹1.5 crore, depending on plot size and proximity to prime areas.
Prestige Sunset Park is a plotted development project by Prestige Group on IVC Road near Devanahalli in North Bangalore, offering spacious plots in a prime region close to Kempegowda International Airport. The project is built over 33 acres on IVC Road, offering 350 plots with modern amenities and facilities that give buyers a spacious land area to build their own home.
Spread over 33 acres with 350+ plots, dimensions range across 30×40 ft, 30×50 ft, 40×60 ft, and 50×60 ft configurations. Plot sizes range from 1,200 sq ft to 3,000 sq ft, and buyers can build within the rules set by the project on wide internal roads with proper spacing between plots.
The project sits near the prime locality of the northern part of the city with easy access to top employment hubs, manufacturing units, KIADB Aerospace Park SEZ, and Devanahalli Industrial areas. The location is close to major IT parks such as Manyata Tech Park, Kirloskar Business Park, and Devanahalli Business Park.
Prestige Sunset Park offers a range of amenities including a clubhouse, swimming pool, gym, landscaped parks, children's play areas, wide internal roads, and 24/7 security, along with walking tracks, open green spaces, well-maintained drainage, and all-time water and power supply.
The plotted format itself is significant. Prestige Group's choice of a plotted development here — rather than a high-rise apartment block — reflects both the character of the locality and a calculated product decision: IVC Road buyers tend to be end-users and HNIs who want the freedom to build a custom home within a secured, amenitised gated community. Since it is a plotted layout, buyers have the freedom to build their homes as per their own design.
Prestige Sunset Park is not an isolated land bank play. The group has been systematically building its presence across the Devanahalli–Yelahanka–Bagalur arc. Prestige Gardenia Estates is a premium residential apartment project in Yelahanka, near Devanahalli, covering 12 acres of land and offering 1, 2, and 3 BHK apartments. Earlier, the group delivered Prestige Finsbury Park — Hyde and Prestige Finsbury Park — Regent at the Aerospace Park in Gummanahalli, Bagalur. Prestige Finsbury Park – Hyde is located at Aerospace Park, Gummanahalli, Bagalur KIADB, Bangalore – 562149, only 19 km from Devanahalli, with a 15-acre footprint and 2,092 apartments of 1 and 2 BHK from 646 to 999 sq ft.
Prestige Greenbrook is another plotted enclave by Prestige Group on IVC Road, Devanahalli, spreading across 30+ acres with 300+ plots in a single phase, with plot sizes ranging from 1,500 sq ft to 2,400 sq ft. Taken together, these projects confirm a deliberate strategy: Prestige Group has been accumulating and developing large land parcels along the IVC Road and Bagalur corridors, building a recognised brand presence in North Bangalore before the corridor reaches full maturity.
IVC Road's name — short for International Airport Cargo Road — reflects its proximity to Kempegowda International Airport, making it a strategic corridor for residential, commercial, and industrial development. The road is now a hotspot for premium residential and plotted developments, with builders such as Prestige Group, Brigade Group, Sobha Limited, Provident Housing, and Assetz Property Group introducing high-end projects tailored to the region's emerging demand.
For a Prestige buyer specifically, the address carries a particular logic. Prestige Group has historically entered corridors early — it built Prestige Shantiniketan in Whitefield and Prestige Lakeside Habitat on Varthur Road before those addresses became mainstream. Balanced high-rise development and plotted communities with integrated townships are making an impact in Bengaluru to meet the growing housing demand, and Prestige Group is well placed. Devanahalli follows the same pattern: the group enters while the corridor is still forming, delivers a gated community with its standard quality benchmarks, and the address appreciates as the surrounding infrastructure catches up.
Real estate experts predict that plots and apartments in Devanahalli locations could see 10–15% annual price growth over the next 5–7 years, especially as commercial and business activities around the airport zone expand. For buyers weighing a plotted purchase, the combination of a Prestige-branded gated community and an actively appreciating micro-market makes the calculus relatively straightforward.
The liveability case for Devanahalli has strengthened substantially over the last five years. Along IVC Road, nearby job hubs include L&T Tech Park, Prestige Tech Cloud Park, and Ecopolis. Educational institutions such as Amity University's Bangalore Campus, MVM School, Akash International School, and Dr. APJ Abdul Kalam School are accessible, while Akash Superspeciality and New Manasa hospitals serve healthcare needs. The airport handled over 37 million passengers in 2024, which continues to drive residential and hospitality demand in the surrounding area.