Prestige Parklane in Devanahalli: Buyer's Guide (October 2026)
Prestige Parklane is a new launch apartment project by Prestige Group in the second phase of the KIADB aerospace park at Devanahalli, North Bangalore. Before its launch it was widely referred to as the Prestige KIADB project. This guide brings together the registered facts, the home types and launch prices, the location, and the checks a buyer should complete before booking.
Project Facts at a Glance
The project received its Karnataka RERA registration on 15 September 2026, and sales opened on 20 September 2026. The main facts are as follows:
| Item | Detail |
|---|---|
| Promoter | Apex Realty Management Private Limited, a Prestige Group company |
| Type | Residential apartments |
| Land | 11.90 acres of homes within a 32.26-acre master plan |
| Towers | 9 towers of 3 basements, ground and 24 upper floors |
| Homes | 1,788 (858 of 1 BHK, 391 of 2 BHK, 539 of 3 BHK) |
| Address | Plot No. 24, KIADB Hi-Tech, Defence and Aerospace Park Phase 2, Devanahalli, Bengaluru 562110 |
| RERA number | PRM/KA/RERA/1251/309/PR/150926/008941 |
| Building plan approval | KIADB, 13 August 2026 |
| Proposed completion | 31 December 2030 |
Early descriptions of the project spoke of 8 towers on 12 acres with about 1,800 homes. The registered plan has 9 towers and 1,788 homes on the 11.90-acre residential zone. The registered figures are the ones that go into the sale agreement.
Location and Connectivity
Prestige Parklane is located at Plot No. 24 in the aerospace park, between Haraluru and Muddenahalli villages, east of Devanahalli town. The Satellite Town Ring Road (NH 648) passes 2 km from the site and links Hoskote with Doddaballapur. NH 44 (Bellary Road) carries traffic to the airport and on to Hebbal and the city.
Drive distances from the project by road are as follows:
- Satellite Town Ring Road: 2 km
- Devanahalli town: 8.7 km
- Kempegowda International Airport: 20 km
- Yelahanka: 29.4 km
- Majestic, in the city centre: 45 km
The Blue Line of Namma Metro to the airport is under construction, and Doddajala is the nearest planned station. Road travel is therefore the working connection for the first years. The site is well away from the city, so a buyer who works in Hebbal, Manyata or the centre should drive the route at peak hours before deciding.
The location works best for people employed in the aerospace park, the airport area or the industrial belt along the ring road. Schools and hospitals near the site are few today, with the nearest larger ones around 7 km to 10 km away. The neighbourhood will take some years to fill in.
Home Types and Launch Prices
Prestige Parklane offers seven home types in 1, 2 and 3 BHK, with saleable areas between 567 and 1,801 sq ft. The launch prices, released on 20 September 2026, were as follows:
| Home type | Saleable area (sq ft) | Launch price |
|---|---|---|
| 1 BHK Classic | 567 to 571 | Rs. 56 Lakhs to Rs. 65 Lakhs |
| 1 BHK Large | 812 | Rs. 84 Lakhs |
| 2 BHK Optima | 828 to 880 | Rs. 82 Lakhs to Rs. 97 Lakhs |
| 2 BHK Ultima | 1,087 to 1,103 | Rs. 1.02 Crore to Rs. 1.31 Crore |
| 3 BHK Aspire | 1,445 to 1,469 | Rs. 1.32 Crore to Rs. 1.55 Crore |
| 3 BHK Premia | 1,597 to 1,662 | Rs. 1.46 Crore to Rs. 1.67 Crore |
| 3 BHK Ultima | 1,757 to 1,801 | Rs. 1.64 Crore to Rs. 1.92 Crore |
The launch rate was Rs. 9,122 to Rs. 11,404 per sq ft of saleable area. Each price covered the home, one car park and the floor rise for its floor band. Carpet areas run from 322 sq ft for the 1 BHK Classic to 1,078 sq ft for the largest 3 BHK, so a buyer should compare homes on carpet area as well.
Charges on top of the price
Three costs are added to the price of the home:
- GST at 5% on the sale value, paid with each instalment
- Other charges of Rs. 415 per sq ft plus Rs. 25,000, with GST, at possession
- Stamp duty at 5.6% and the registration fee at 2%, paid at registration
On a Rs. 56 Lakhs home, GST comes to Rs. 2.8 Lakhs, and stamp duty and registration add about Rs. 4.3 Lakhs. Our EMI calculator shows the monthly outgo for any home price.
Payment plan
Payments follow fixed dates and are independent of construction stages. A buyer pays 10% at booking and 10% when the agreement is initiated. Then come 24 instalments of 3.2% each, two months apart, from 10 December 2026 to 10 October 2030, and a final 3.2% at possession.
A date-linked plan means the instalments fall due even if work on a tower runs behind. A buyer taking a home loan should confirm with the bank how it will release money against such a schedule.
Master Plan and Amenities
The master plan of Prestige Parklane has two zones on either side of a central boulevard. The 11.90-acre residential zone holds the nine towers, set in an arc around a central park with a water body. The other 20.36 acres are planned as an enterprise estate with data centres, warehouse and manufacturing blocks and a 220 KV substation.
The enterprise estate is outside the RERA registration of the homes. A buyer should ask what will be built next to the chosen tower, and when, because the homes share a boundary with a working industrial zone. With 1,788 homes on 11.90 acres, the campus has about 150 homes per acre, so lift counts and peak-hour movement are worth asking about.
The amenities on the master plan include the following:
- A clubhouse with fitness spaces and indoor games
- A main swimming pool and a kids' pool
- A multi-court, a padel court and a pickleball court
- A cricket practice net, an outdoor gym and a jogging track
- A kids' play area, a party lawn and a gathering arena
- A vegetable garden and a pet garden
The plan provides 1,780 covered car bays in the basements and 130 open bays. Each home gets one pre-allotted bay.
RERA Status and Construction Stage
Prestige Parklane is RERA approved, and the registration covers the residential zone until 31 December 2030. The registered start of construction is 1 October 2026, and Larsen & Toubro is the building contractor. As a new launch, the project has four years of construction ahead of it.
The registration number can be checked on the Karnataka RERA portal. The portal also shows the approved plans, the unit list with carpet areas and the quarterly progress updates. The registered water source is borewell supply, so the water plan for 1,788 homes is a fair question to raise with the sales team.
Who the Project Suits
The project suits a buyer who works in or near the aerospace park and wants a home from a large developer close to the workplace. The 1 BHK Classic, which makes up almost half the homes, suits a first-time buyer or an investor planning to rent to people employed nearby. Families looking at the 3 BHK types get a campus with a full set of sports and leisure spaces.
A buyer who needs a home before 2031, or who depends on schools, hospitals and shops within a short walk, is better served by a ready project in a settled area. Other apartments for sale in Devanahalli are closer to the town and to NH 44.
Checks Before Booking
These checks are worth finishing before the booking amount is paid:
- Match the tower, floor, unit number and carpet area in the agreement with the unit list on the RERA portal
- Ask for the KIADB building plan approval and the land allotment documents for Plot No. 24
- Get the full cost sheet, with other charges, GST, advance maintenance and the corpus
- Read the payment schedule against the loan sanction terms of the bank
- Ask what the enterprise estate will hold next to the chosen tower
- Confirm the type of car bay allotted: Standard, Standard EV or Linked
- Confirm that every payment goes to the RERA-designated project account
We can share the current price list, the floor plans and the cost sheet for Prestige Parklane on request. Prices vary by tower, floor and unit line, so the quote for the exact home matters more than the starting price.
