Prestige Parklane Latest News

The Prestige Parklane latest news is that it received Karnataka RERA approval on 15 September 2026. The project was then launched formally on 20 September 2026, opening bookings to the public.

Located in the KIADB Hi-Tech Aerospace Park, Devanahalli, this development spans 32.26 acres. Buyers can now choose from 1, 2, and 3 BHK apartments across 9 residential towers.

RERA Approval and Legal Status

This project, Devanahalli by Prestige, is now fully legal for sales. This is confirmed by the registration number PRM/KA/RERA/1251/309/PR/150926/008941 on the Karnataka RERA portal.

• RERA approval date: 15 September 2026
• EOI opening date: 15 September 2026
• Official launch date: 20 September 2026
• Proposed completion: 31 December 2030
• Project duration: 5 years from launch

What This Means for Buyers

RERA approval is a confirmation that the land, layout, and construction are approved by the state. Buyers can go ahead with the bookings of the units and have the confidence of being legally protected under the RERA Act.

Unit Types and Pricing Breakdown

This KIADB Phase 2 township offers six apartment types across its towers, with the 1,788 homes split into 858 one-bedroom, 391 two-bedroom, and 539 three-bedroom units.

• 1 BHK Classic: 567–571 sq. ft., starting from ₹56 lakh
• 2 BHK Optima: 828–880 sq. ft., starting from ₹82 lakh
• 2 BHK Ultima: 1,087–1,103 sq. ft., starting from ₹1.02 crore
• 3 BHK Aspire: 1,445–1,469 sq. ft., starting from ₹1.32 crore
• 3 BHK Premia: 1,597–1,662 sq. ft., starting from ₹1.46 crore
• 3 BHK Ultima: 1,757–1,801 sq. ft., starting from ₹1.64 crore

Why This Launch Is Drawing Investor Attention

Several factors are pushing this project into the spotlight this launch season.

Prime Aerospace Corridor Location

The site is located in KIADB Phase-2, about 20 km from Kempegowda International Airport. This puts residents right in the middle of a rapidly growing employment hub. It is driven by aerospace and tech companies.

Green-Focused Master Plan

These towers are oriented inward around a park that has a water element to it. This arrangement ensures that residents of the tower apartments are shielded from street noise.

Strong Brand Backing

More than 300 projects have been completed by Prestige Group in over 250 million sq. ft. since 1986. Properties by the builder tend to have greater resale value and constant rental demand.

Vaastu-Aligned Layouts

Every apartment here follows Vaastu-aligned design principles. Natural light and ventilation reach each room, a detail many buyers specifically look for.

Payment Plan Update

Instead of a lump-sum payment, buyers are presented with a structured payment schedule over time. 10% of the payment is made upon booking, and 10% is made when the agreement is signed. This is followed by 24 instalments of 3.2% each.

It is to be invoiced bi-monthly from 10 December 2026 to  10 October 2030. There is a further 3.2% and other fees which are due on possession on 31 December 2030. GST is payable on every installment.

Reviews and Market Response

The initial response for buyers to this release has been very good. Based on buyer surveys and local real estate data, the development currently has a 4.6 out of 5 rating. That is a good review and ties in directly with its location next to the airport.

The strong transit connections are situated close by. These are considered by investors to be a secure long-term hold, as the Prestige Group is a reputed name in the region.

EOI Window and Launch Pricing

EOI entries opened on 15 September 2026 in advance of the release. Those who submitted EOI were given priority in choosing units, were afforded better layouts, and had first pick of views, as well as access to launch prices.

The prices at launch apply until September 27, 2026. Prices may vary from this date. Potential purchasers are advised to take action within the specified period in order to take advantage of the current prices.

FAQs