When the KIADB Aerospace Park corridor in Bagalur, North Bangalore began attracting serious developer attention, Prestige Group was among the first to commit land and capital at scale. Prestige Finsbury Park — the group's 25-acre residential township within the KIADB Aerospace Park, Bagalur — marked the developer's bet on this employment-driven corridor. That bet has since played out: the township, situated adjacent to the Aerotropolis within the KIADB Aerospace Park, is now sold out, placing Prestige in the small group of developers with a proven, delivered track record inside the park boundaries. The incoming Prestige KIADB Aerospace Park Phase 2 Township represents the group's next chapter in the same micro-market — a continuation rather than a debut.
Prestige Group was founded in 1986 by Abdul Razack Sattar and is now led by his sons Irfan Razack (Chairman and Managing Director), Rezwan Razack, and Noaman Razack. The company specialises in developing premium residential apartments, villas, commercial offices, retail malls, hospitality properties, and leisure projects across major cities including Bengaluru, Chennai, Hyderabad, Mumbai, Kochi, Mangalore, Goa, and emerging markets like Delhi-NCR.
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 premier real estate firms, earning the distinction of being the only developer with a CRISIL DA1+ rating for construction and development capabilities. That rating was reaffirmed in 2025, making Prestige the only real estate company in India to hold DA1+. For a buyer evaluating a township in a growth corridor still building its social infrastructure, that institutional-grade rating is a material differentiator.
The group now operates in 9 states and 13 major cities, including Bangalore, Hyderabad, Chennai, Mumbai, Pune, Kochi, Goa and NCR. In April 2025, Prestige Group announced a series of residential launches for the fourth quarter of 2025 with a Gross Development Value of Rs 16,133.8 crore, covering a total developable area of 14.03 million sq ft with around 4,548 units across Bengaluru, Hyderabad, and Mumbai. Bagalur sits within a pipeline of scale.
The group's direct track record in this specific park is anchored by Prestige Finsbury Park. The township features two independent developments — Prestige Finsbury Park Hyde on 15 acres and Prestige Finsbury Park Regent on 10 acres. Hyde comprises 2,092 units of 1 and 2 BHK configurations across 12 high-rise towers up to 21 floors, while Regent comprises 958 units of 3 BHK configurations across 6 towers up to 20 floors — a combined total of 3,050 residences.
As of June 2026, the 25-acre Prestige Finsbury Park township stands as a fully completed, ready-to-move development following Karnataka RERA approvals of both its independent segments under Registration Nos. PRM/KA/RERA/1251/472/PR/191206/003055 and PRM/KA/RERA/1251/472/PR/191206/003056. As of late 2025, Prestige Finsbury Park is a fully ready-to-move community with active resale and rental options. The group has, in effect, already built and handed over a township-scale project within walking distance of where Phase 2 is now being planned — a credibility point few developers in this micro-market can claim.
For buyers who want to assess product quality and delivery capability before committing to Phase 2, Finsbury Park is a live reference: the fully equipped clubhouses feature reading rooms, board games, table tennis, billiards, party halls, an indoor badminton court, a health club, and a swimming pool, while outdoor areas include a pet park, a dedicated children's play area, an elder's park, and outdoor games zones, alongside a mini theatre, ATM, doctor's clinic, pharmacy, and convenience store.
The residential demand thesis in Bagalur is industrial in origin. The 3,000-acre KIADB Aerospace Park is projected to create 300,000 to 400,000 jobs in the coming years, positioning itself as a key player in regional growth. That employment base is already operational and named: marquee global tenants include Dynamatic Technologies, Boeing, and Collins Aerospace. Boeing inaugurated its 43-acre India Engineering and Technology Centre in January 2024 — its largest facility outside the US — while Collins Aerospace launched a state-of-the-art Engineering Development and Test Centre in March 2025. The park has also attracted Dynamatics, Safran HAL, and Magellan alongside hundreds of MSMEs, and by 2025 had created over 5,000 direct jobs for engineers, technicians, and R&D professionals, with employment expected to multiply by 2030.
This employment profile — aerospace engineers, R&D professionals, IT workers — maps directly onto the product profile of a Prestige township. These are buyers and renters who value documented delivery timelines, large-format amenities, and clear legal title; factors where Prestige's CRISIL DA1+ rating and completed Finsbury Park track record speak directly.
In 2024, North Bengaluru accounted for nearly one-third of all residential launches in the city, up from 23% in 2023, with Bagalur KIADB emerging as a key growth node. The submarket recorded an average 17–20% year-on-year increase in per square foot prices during FY 2024–25, and industry reports further project a 20–25% rise in rental demand in 2025.
The real estate market in KIADB Aerospace Park has witnessed strong growth. As of 2026, property prices range from Rs 7,500 to Rs 11,500 per sq ft, with an average around Rs 9,000 per sq ft for premium gated communities. Over the last year, the area has seen 15% to 18% appreciation, driven by the completion of early project phases and the operational scaling of corporate giants like Boeing and Airbus. For context on trajectory, ANAROCK data shows property prices in Bagalur shot up by 90% between 2019 and mid-2024.
Bagalur offers a distinct price advantage over Thanisandra — which easily crosses Rs 12,000–14,000 per sq ft — while remaining comparable to Devanahalli, though Bagalur benefits from better master-planned SEZ infrastructure. For a Prestige Phase 2 buyer, this pricing window remains open ahead of metro completion, which is expected to compress the discount to more established corridors.
Key roads providing access include Bagalur Main Road, BK Halli Road, and easy connectivity to NH-44 (Bellary Road). The metro advantage comes from the upcoming Namma Metro Blue Line extension (KR Puram to Kempegowda International Airport) with a planned station serving the Aerospace Park corridor. The 2025 Karnataka Budget cleared the Namma Metro Phase 2B spur toward Devanahalli, with a Bagalur Cross station now under construction.
The Karnataka government has invested Rs 175 crore for the Yelahanka flyover to ease traffic, and Rs 1,000 crore-plus for the STRR's Dobbaspet–Doddaballapur–Hoskote stretch as part of a Rs 5,000 crore project. The location sits approximately 15 minutes from Kempegowda International Airport. For a Prestige buyer who travels frequently — or whose tenant pool consists of airport-corridor professionals — this proximity is structural, not incidental.
The Bagalur KIADB corridor has drawn multiple developers, and competition is genuine. Combining existing projects — Godrej Ananda, Brigade El Dorado, Prestige Finsbury Park, Kalyani Living Tree, and other large townships — with new and pre-launch projects, the corridor crosses 20,000 units without much difficulty when fully built out. Because this is a government-planned KIADB zone, the area is dominated by Grade-A developers building massive, highly amenitised townships rather than small standalone buildings.
Within that peer group, Prestige stands out on one specific axis: it is the only developer to have already completed a full township lifecycle — land acquisition, RERA registration, construction, OC, possession, and active resale — entirely within the park's residential allocation. The Phase 2 Township named Prestige KIADB Aerospace Park Phase 2 Township is therefore an extension of demonstrated capability, not a new market entry.
Buyers should have a grounded picture of what the surrounding locality offers today versus what it will offer at possession. While top-tier schools are beginning to establish campuses within a 5 km radius, residents currently drive 10 to 15 kilometres toward Yelahanka or Hebbal for premium healthcare and large-scale shopping malls. The locality hosts IT parks including Kirloskar Tech Park and L&T Tech Park, and more than 30 companies are already up and running in the KIADB zone near the project sites. The trajectory is clear: the planned KIADB Aerospace Park Phase 2 expansion is expected to bring more companies, generate additional employment, and attract more residents — and as infrastructure and job opportunities increase, property values in nearby areas typically rise.