Prestige Group is a Bangalore-headquartered real estate company founded by Razack Sattar in 1986, with developments spanning Bangalore, Chennai, Kochi, Hyderabad, Mumbai, and several other cities. The group has completed 313-plus projects covering over 206 million sq ft in aggregate, including 160 residential projects across 139 million sq ft and 125 commercial projects across 49 million sq ft. In South Bangalore, that scale has translated into a series of large-format township bets, the most prominent of which sits at Konanakunte.
Prestige Falcon City is a 41-acre high-rise apartment township on Kanakapura Main Road at Konanakunte in South Bangalore. Prestige Falcon City Luxe is a Phase 2 launch within that same master plan, following the well-absorbed Phase 1. The decision to return to this parcel for a second phase is significant: it signals that Prestige views Konanakunte not as a one-off site but as a multi-cycle residential address.
Prestige Falcon City Luxe spans a total site area of 41 acres and is planned as an integrated township that includes a retail mall for commercial use. The new phase introduces 2,520 apartments across that 41-acre footprint. The premise accommodates 7 high-rise towers.
The project offers premium apartments in 2, 3, and 4 BHK configurations. Unit sizes run from 1,204 sq ft to 2,726 sq ft, with pricing from approximately ₹1.2 crore to ₹3.5 crore. Possession is expected from 2029 onwards.
The project sits directly across from the Konanakunte Cross Metro Station and includes the Forum South Bengaluru Mall within its boundary. That combination — a metro station exit feeding directly into a township that already contains retail — sets Prestige Falcon City Luxe apart from most gated communities in South Bangalore, where residents typically need to drive for daily errands.
Prestige's concentration of investment at Konanakunte is not accidental. The locality sits at a junction of road, metro, and ring-road infrastructure that few South Bangalore nodes can match.
Konanakunte Cross Metro Station is a prominent station on the Green Line of Namma Metro, strategically located on Kanakapura Road and a crucial transit point for residents in the southern part of the city. The station opened on 21 January 2021. Notably, one of its two entry-exit points is designated towards the Prestige Falcon City side. From here, commuters connect to JP Nagar, Banashankari, and Majestic on a single uninterrupted corridor. Majestic Station — the interchange hub for the Purple Line to Whitefield — is approximately 22 minutes away.
As of 2026, the Green Line runs 33.46 km, connecting Madavara in the northwest to Silk Institute in the south. The line has two interchanges: one with the Purple Line at Majestic and another with the Yellow Line at Rashtreeya Vidyalaya Road. Residents at Konanakunte therefore sit on a radial spine that connects them, with a single change, to Whitefield in the east and Electronic City via the Yellow Line in the south.
The project is approximately 2 km from the NICE Ring Road. The site is accessible from JP Nagar, NICE Road, and the Outer Ring Road via Kanakapura Main Road. Electronic City, one of Bangalore's largest technology employment zones, is 19 km from the project. The Outer Ring Road extension and metro line extension are under construction through Konanakunte, and the 108-feet road widening is nearing completion, expected to ease traffic considerably.
Konanakunte has a well-developed social infrastructure with schools including Delhi Public, William Carey, and DPS International nearby, and RV Engineering College and Dayananda Sagar Institutions in the vicinity. Healthcare options include Columbia Asia and Aster CMI hospitals in the broader catchment. The Forum South Bengaluru mall is already a functional retail landmark in the neighbourhood. A new IT/ITES park is also planned nearby, expected to add employment demand to the residential catchment.
As of April 2026, the average property price in Konanakunte is approximately ₹12,250 per sq ft. Flat rates in the locality appreciated 24% in the most recent one-year period and 35.6% over the prior three years. NoBroker data shows property rates rose roughly 12% compared to the year prior, driven by infrastructure growth and demand from the IT sector.
Prestige Falcon City Luxe, priced from ₹1.2 crore, sits at a premium to the locality average — consistent with what the Prestige brand typically commands. Branded Prestige inventory has historically traded at a 12–20% premium to local-builder comparables in the same micro-market. For buyers weighing that premium, the in-campus metro access and the Forum Mall inclusion are the tangible differentiators that make the comparison straightforward.
Konanakunte is not the only node where Prestige has built equity in the south of the city. Prestige Group's portfolio in South Bangalore also includes Prestige Southern Star, Prestige Suncrest, Prestige Primrose Hills, and Prestige Lake Ridge, spread across Akshayanagar, Electronic City, and the Banashankari-Kanakapura Road belt.
Prestige Primrose Hills, for instance, is located in Banashankari off Kanakapura Road, spread over 15 acres and offering 1,680 units — a project that shares Konanakunte's Green Line corridor and serves buyers who want the same road connectivity at a different price tier. The cumulative brand presence along this corridor gives Prestige significant name recognition with builders, brokers, and secondary-market buyers in the area.
Prestige Group is the only real estate firm in India with a CRISIL DA1+ grading and also holds an ICRA A+ credit rating. For a buyer evaluating a pre-possession purchase, those ratings carry practical weight: they indicate that the developer meets the financial stress tests required by India's top credit agencies. In Q1 FY26, the group recorded quarterly sales of ₹12,126 crore. Out of 25 new projects planned across India in the FY26 pipeline, 13 are in Bangalore, covering approximately 44.8 million sq ft of total developable area.
The company currently runs 56 ongoing projects across residential, commercial, retail, leisure, and hospitality segments and plans 43 additional projects spanning 85 million sq ft, backed by a land bank of over 728 acres. Prestige Falcon City Luxe is one piece of that pipeline — a well-positioned one, given the metro-front land and the head start that Phase 1 has already given the Falcon City name in the South Bangalore market.