Prestige Estates Projects Limited, which operates as Prestige Group, was founded in 1986 and is headquartered in Bengaluru. The company has been listed on the NSE and BSE since 2010, and its early Bengaluru apartments were built in localities such as Indiranagar, Kalyan Nagar and Whitefield. Its move into Devanahalli extends that pattern northward, into a state-notified industrial park that sits beside Kempegowda International Airport.
In April 2026 the group acquired a parcel of more than 30 acres within the Phase 2 belt at Devanahalli. That land now carries a 32.26-acre master plan, of which 11.91 acres are set aside for the residential precinct.
The residential component, launched in late September 2026 as Prestige Parklane, comprises about 1,788 homes in 1, 2 and 3 BHK configurations across nine towers. The estimated gross development value of the launch is around ₹1,750 crore, with roughly 1.7 million sq ft of saleable area.
The project is also planned around open space. About 4 acres of central landscaped greens are integrated into the layout, and a 30,000 sq ft clubhouse is planned with a business centre, guest rooms, two double-height badminton courts, a gym, a spa, provisions for a creche, a pharmacy, a convenience store, a salon, a party hall and a rooftop viewing deck.
The wider 32.26-acre plan also includes a self-contained enterprise estate with data centres, warehouse and manufacturing space. Few residential launches in North Bengaluru combine homes and working industrial space in one master plan, and this one is designed to do so.
| Unit type | Area (sq ft) | Starting price |
|---|---|---|
| 1 BHK | 567 to 571 | ₹65 lakh onwards |
| 2 BHK | 828 to 880 | ₹90 lakh onwards |
| 2 BHK large | 1,087 to 1,103 | ₹1.15 crore onwards |
| 3 BHK (2 toilets) | 1,445 to 1,469 | ₹1.50 crore onwards |
| 3 BHK large | 1,597 to 1,801 | ₹1.69 to ₹1.89 crore |
KIADB developed the park for aerospace, aviation and defence industries, and it is close to the airport. One independent summary counts more than 200 organisations within it, including Boeing, which places the residential demand in a dense employment base rather than a speculative one.
Price momentum is the other factor. One market review attributes a rise of more than 20 percent in Devanahalli property rates over a year to the employment growth that the park has generated.
The project sits about two minutes from the Satellite Town Ring Road, the ring corridor that links Bengaluru's satellite towns. NH-44, also called Bellary Road, provides the main arterial link to the airport, the city centre and business zones.
The airport line of Namma Metro's Phase 2B is an under-construction Blue Line extension of about 37 km with 17 stations, running from the city to the airport at Devanahalli. Its KIAL Terminals station is listed with an indicative opening around June 2027, which would give Prestige residents a rail link to the terminal in the future.
Bagalur Park is about 3 km away, Devanahalli Park about 6 km and Devanahalli Fort about 14 km. Bhartiya Mall, one of the nearest large retail destinations, is about 12 km away.
Prestige Park Drive, a 28-acre plotted development near the airport and Bellary Road, was completed with possession at the end of 2022. Prestige Southern Star, on a 34-acre master plan with about 75 percent open space, was launched in March 2025 with possession scheduled for December 2029. Prestige Park Street, a 5-acre project of two G+30 towers with 480 homes in 1, 2 and 3 BHK formats, is listed with an indicated launch in October 2026.
The Devanahalli project appears under several names, including Prestige Devanahalli, Prestige Parklane, Prestige Park Lane and Prestige KIADB Phase 2. The Karnataka RERA registration and the launch announcement both refer to Prestige Parklane, so that is the name to match against the approved plans and the brochure.