Prestige Gardenia Estates Phase 2 Launched in Devanahalli with 195 Plots and ₹400 Crore Revenue Potential
Prestige Gardenia Estates Phase 2 Launched in Devanahalli
Prestige Estates Projects has launched Phase 2 of its plotted development project, Prestige Gardenia Estates, in Devanahalli, Bengaluru. The project covers approximately 21 acres and offers 195 plots, with a total development area of just under 0.5 million sqft. The launch targets a revenue potential of ₹400 crores, capitalizing on the strong demand in the North Bengaluru corridor.
Location and Connectivity
The development is strategically located near Kempegowda International Airport, NH 44, and the Satellite Town Ring Road. The site is very close to the Kempegowda International Airport, just about 10 to 15 kilometres away. The location offers excellent connectivity to NH 44 and Bellary Road. Key areas like Yelahanka, Hebbal, and Manyata Tech Park can be reached within 30 to 45 minutes. The new Bangalore Aerospace Park, KIADB Industrial Area, and upcoming IT hubs make this a prime spot for future investment and residential living.
Plot Configuration and Specifications
Common sizes include 30x50, 40x50, and 50x80 feet. The development consists of more than 500 residential plots, with around 516 units planned. The plots range in size from 1500 sq. ft. to 4000 sq. ft., offering options for different needs and budgets.
Infrastructure includes underground utilities, fiber optic, dual water supply, STP, and rainwater harvesting. Phase 2 features 9+ individually themed parks, a Grand Clubhouse, Futsal Court, Rock Climbing Wall, Jogging Track, Outdoor Gym, Zen Garden, Yoga Lawn, Reflexology Pathway, Organic Farming Area, Orchard, Pet Park, Party Lawn, and Gazebos.
Market Context and Phase 1 Performance
Prestige Gardenia Estates has been well-received, with Phase 1 selling out at launch, underscoring the demand for sustainable living in North Bengaluru. Backed by over ₹50,000 crore in ongoing infrastructure projects such as the Satellite Town Ring Road (STRR), Namma Metro Phase 2B, and Aerospace SEZ, Devanahalli has recorded 35–45% appreciation in the last five years.
Developer Background
The Prestige Group, a diversified real estate developer, has delivered 316 projects spanning 212 million sqft as of March 2026. The company currently has a pipeline of 135 projects across 227 million sqft. Founded by Razack Sattar in 1986, Prestige has developed residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR.
Devanahalli as an Emerging Corridor
Devanahalli, Bangalore is one of the fastest-growing real estate destinations in North Bengaluru, located just 15–20 km from Kempegowda International Airport. The area is a key growth hub driven by major developments like the KIADB Aerospace Park, Devanahalli Business Park, and upcoming STRR (Satellite Town Ring Road) and metro connectivity plans, making it highly attractive for residential and investment projects.
The area is now a part of major development plans by the Karnataka government and is expected to benefit from new infrastructure like the Satellite Town Ring Road (STRR) and aerospace park expansion.