Prestige Group's entry into Devanahalli is a considered expansion, not an opportunistic one. Founded in 1986 by Abdul Razack Sattar as an extension of a retail business established in the 1950s, Prestige Estates Projects Limited has been headquartered in Bengaluru from its first day. With 302 completed projects delivering 193 million square feet of developed area as of September 2024, Prestige Group is the only developer in India with a CRISIL DA1+ rating for construction and development capabilities. Devanahalli represents a natural northward step for a builder that has spent nearly four decades reshaping Bangalore's residential skyline — from UB City and Prestige Shantiniketan to the 127-acre Prestige Raintree Park township in Whitefield.
Between 2015 and 2025, Prestige Group completed over 150 projects, delivering more than 100 million square feet of residential, commercial, and mixed-use developments across India. Prestige Group holds the CRISIL DA1+ grading — the highest rating any real estate developer can achieve in India. For buyers in an emerging market like Devanahalli, where legal due diligence on plotted land is critical, that institutional standing is a material differentiator.
Prestige Group's current active project in the Devanahalli taluk is Prestige Gardenia Estates Phase 1 — a plotted development positioned directly on the Satellite Town Ring Road (STRR) in the Bidluru Village area, Kasaba Hobli. The project is a premium residential plotted development spanning 47 acres and features plots sized from 1,500 to 4,000 sq ft. Buyers can choose from plot configurations of 30x40, 40x50, and 50x80.
Prestige Gardenia Estate is RERA approved by the RERA authority of Karnataka; the RERA number is PRM/KA/RERA/1250/303/PR/200525/007761. The project's start date is 1 July 2025, and the possession date is 30 April 2027. The project has also received approval from the Satellite Town Ring Road Planning Authority (STRRPA), with plan number STRRPA/TP/LAO/50/2024-25.
| Configuration | Area (sq ft) | Indicative Price |
|---|---|---|
| 30 x 50 | 1,500 | ₹1.20 Cr onwards |
| 40 x 60 | 2,400 | ₹1.92 Cr onwards |
| 50 x 80 | 4,000 | ₹3.20 Cr onwards |
The per square foot price of plots starts from ₹8,000. Pricing varies by plot orientation and proximity to amenity zones within the master plan.
Amenities at Prestige Gardenia Estate include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children's play area, party hall, and 24/7 security. The community is planned with an 18-metre wide entrance road, and internal roads of 12 metres and 9 metres wide with asphalted driveways and landscaped avenues on either side. The ready-to-build plots come with wide internal roads, underground utilities, landscaped open spaces, and a robust drainage system.
The project is located right off the Satellite Town Ring Road (STRR) in Devanahalli, less than 20 minutes from Bangalore International Airport, Devanahalli Business Park, the L&T Campus, and the upcoming 300-acre Foxconn iPhone manufacturing facility. That cluster of anchor institutions — an international airport, an established business park, a global electronics manufacturer — represents exactly the kind of demand foundation that Prestige Group targets when entering a new micro-market.
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 a significant focus for Bangalore's real estate market in 2025. Devanahalli hosts Kempegowda International Airport and Devanahalli Business Park, and benefits from the STRR, the BIAL IT Investment Region, and proximity to planned aerospace and defence industries.
Prestige Group's North Bangalore footprint predates Gardenia Estates. Prestige Finsbury Park – Hyde, located at Aerospace Park, Gummanahalli, Bagalur KIADB, is an established Prestige Group enclave that sits approximately 19 km from Devanahalli. That project, alongside its companion Prestige Finsbury Park – Regent on the same campus, demonstrated the group's appetite for large-scale residential communities along the airport corridor. Gardenia Estates Phase 1 on the STRR represents the next logical step closer to the airport itself.
A plotted development's long-term value depends heavily on the public infrastructure that surrounds it. Devanahalli's infrastructure pipeline is substantive and well-documented.
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. Against that baseline, Prestige Gardenia Estates' plot rate starting at ₹8,000 per sq ft carries a recognisable brand premium — one that is consistent with how Prestige Group prices its plotted product in comparable corridors like Jigani (Prestige Kings County) and IVC Road.
According to reports by Knight Frank and CBRE, property prices in the Devanahalli region have seen a compound annual growth rate (CAGR) of around 12–15% since the early 2010s. The ongoing development of the Peripheral Ring Road is opening up new avenues for growth in suburban areas like Devanahalli, Yelahanka, and Hennur Road, which are expected to see price hikes of 30–40% over the next five years. Post-pandemic, there has been a sharp resurgence in demand, driven largely by NRIs, high-net-worth individuals, and long-term investors seeking growth corridors.
Gardenia Estates Phase 1 is not a standalone bet. Prestige Group has been methodically building out its presence across the northern arc of Bangalore. Prestige Greenbrook, another plotted enclave by Prestige Group, is located on IVC Road, Devanahalli, North Bangalore, and spreads across 30+ acres of land. The group's residential real estate activity in Bengaluru spans Whitefield, Devanahalli, Hennur, Kanakapura Road, Bannerghatta Road, and South Bengaluru, indicative of the city's changing requirement for quality living, connectivity, and integrated communities.
Balanced high-rise development and plotted communities with integrated townships are making an impact in Bengaluru to meet growing housing demand, and Prestige Group is well-placed. These projects are expected to attract both end-users and long-term investors, as they are connected and close to employment hubs and have large-scale master planning.
For a buyer evaluating Prestige Group's presence in Devanahalli, the calculus is straightforward: a RERA-registered, STRRPA-approved plotted community from a developer with nearly four decades of Bangalore delivery history, positioned on a ring road corridor where infrastructure spend is accelerating and land prices are still at a meaningful discount to established city micro-markets.