PRESTIGE PALM RESIDENCES — New Project Coming Up in Derlakatte, Mangalore

Prestige Palm Residences, Derlakatte

Located off the Mangaluru–Kochi National Highway in Kotekar, Ullal, Derlakatte, Prestige Palm Residences is a 14.7 acre villa project comprising 3 and 4 BHK units. The project is priced from Rs. 1.97 Crores to Rs. 3.01 Crores, with RERA registration number PRM/KA/RERA/1257/334/PR/190108/002286.

Configuration and Scale

The 14.7 acre development comprises 101 units of 4 BHK and 3 BHK luxury villas. The 4 BHK units measure 4,290 sq. ft., while 3 BHK units range from 2,809 to 3,453 sq. ft. The project maintains 70% open areas within its vast expanse, emphasizing community green space and tranquility.

Location and Connectivity

Derlakatte is among Mangalore's faster-growing residential quarters. The area hosts 4 medical colleges, multiple universities, schools, malls and hospitals. Nearby institutions include Yenepoya Medical College, KS Hegde Hospital, and NITTE University. Ullal railway station contributes to accessibility to other parts of the city.

Amenities and Finishes

The community includes a swimming pool, gymnasium, club house, and children's play area. External amenities include rainwater harvesting, ample car parking space, a meditation-yoga room and sewage treatment plant facilities. Villa specifications feature imported marble flooring, vitrified tiles in bedrooms, anti-skid tiles in balconies, granite kitchen counters and branded sanitary fittings.

The Developer

Prestige Group was founded in 1986 by the late Razack Sattar and is headquartered in Bengaluru with 150+ completed projects across Bengaluru, Hyderabad, Chennai, Kochi, Goa, Mangalore, and other South Indian cities. The company holds CRISIL's DA1+ rating—the highest developer grade in India—reaffirmed in March 2026. Post-RERA, Prestige's on-time possession track record has been strong, typically within 3–6 months of the RERA-committed date, with approximately 90% of ongoing projects on-schedule or ahead of schedule.

Beyond residential, Prestige operates a substantial commercial, retail and hospitality portfolio including the UB City premium retail destination in Bengaluru, the Forum mall chain (13 completed malls totalling 10 million sqft), and Marriott / Hilton / Sheraton-branded hotels.

Mangalore Market Context

Mangalore has emerged as one of Karnataka's most promising Tier-II cities, thanks to rapid development in healthcare, education, IT, and port infrastructure. With increasing demand for quality housing from professionals, NRIs, and investors, Mangalore's property values have witnessed steady appreciation.