Latest updates on Prestige apartment projects, KIADB Phase 2
Latest updates on Prestige apartment projects in KIADB Phase 2, as of 21 September 2026: Prestige Parklane is registered with Karnataka RERA, EOIs have opened, and the project launches on 25 September 2026 with price sheets starting at ₹56 lakh. Allotment through the survey form starts on 25 September, and tower construction begins on 01 October 2026.
This page keeps a dated record of what has happened, what comes next, and the infrastructure news around the project. Prestige Parklane is the Prestige apartment project in KIADB Phase 2, from award-winning builder Prestige Group.
Prestige Parklane Timeline
| Date | Update | Status |
|---|---|---|
| 13 August 2026 | Building plan DO3-KIADB-00128/26-27/BP approved by KIADB | Done |
| 21 August 2026 | RERA application acknowledged, ACK/KA/RERA/1251/309/PR/210826/010534 | Done |
| 15 September 2026 | Registered with Karnataka RERA under PRM/KA/RERA/1251/309/PR/150926/008941 | Done |
| 15 September 2026 | Expressions of interest opened | Done |
| 25 September 2026 | Launch and developer price sheets released | Done |
| 25 September 2026, 5 PM | Survey form opens for allotment priority | Upcoming |
| 01 October 2026 | Tower construction starts | Upcoming |
| 31 December 2030 | Proposed completion; RERA registration valid until this date | Planned |
| 31 December 2030 | Intimation of possession, per the developer price sheet | Planned |
Update: RERA Registration, 15 September 2026
Karnataka RERA registered Prestige Parklane Phase 1 on 15 September 2026. The registration covers the residential phase of 11.90 acres, with nine towers and 1,788 homes. The promoter is Apex Realty Management Private Limited, and Larsen & Toubro is named as contractor. The enterprise estate on the remaining 20.36 acres is planned as a future phase. Registration means buyer money is now protected by RERA rules, including the requirement to hold 70% of collections in a separate project account.
Update: Payment Plan Announced
The booking sequence runs in five stages. The expression of interest and the survey form cost nothing. Allotment takes 10% of the price, the sale agreement a further 10%, and the balance is paid in 24 date-linked instalments of 3.2% each and a final 3.2% on intimation of possession on 31 December 2030, when the other charges also fall due.
What Is Already on Site
Before tower construction, site works include the experience centre and a model flat. The nine residential towers themselves start on 01 October 2026.
Launch Prices at a Glance
| Home | Homes | Price from |
|---|---|---|
| 1 BHK Classic | 858 | ₹56 lakh |
| 2 BHK Optima | 391 (both sizes) | ₹82 lakh |
| 2 BHK Ultima | ₹1.02 crore | |
| 3 BHK Aspire | 539 (all 3 BHK) | ₹1.32 crore |
| 3 BHK Premia | ₹1.46 crore | |
| 3 BHK Ultima | ₹1.64 crore |
These prices come from the developer price sheets and are valid till 27 September 2026. They include the car park and the floor rise; GST at 5%, other charges and registration are extra. Each starting price is the lowest-priced home in its configuration, with larger layouts and higher floor bands priced above it, up to ₹1.92 crore.
Infrastructure Updates Around KIADB Phase 2
| Project | Latest position |
|---|---|
| Namma Metro Blue Line | In August 2026 the full-line completion target moved to March 2028; the Hebbal-to-airport stretch is to open on its own, ahead of the rest |
| Satellite Town Ring Road | The 80-km Dabaspet–Hoskote stretch through Devanahalli has been open since March 2024; the full 280.8-km ring is targeted for 2027-28 |
| Kempegowda International Airport | About 20 km from Prestige Parklane, around 29 minutes by road |
The nearest planned metro stations for the Aerospace Park area are Doddajala and Bettahalasuru.
Confirmed at Launch: Floor Rise, Parking and Charges
| Item | What the price sheets say |
|---|---|
| Floor rise | Built into the price through seven floor bands (Ground, 1–4, 5–8, 9–12, 13–16, 17–20 and 21–24), typically adding ₹5–8 lakh from the ground band to the top band |
| Car parking | One car park per apartment, included in the price; Standard, Standard EV or Linked, pre-allotted, and it may sit outside the tower footprint |
| Other charges | ₹415 per sq ft plus a ₹25,000 assessment charge, with GST, paid on intimation of possession: BESCOM and BWSSB, generator, 24 months of advance CAM and the maintenance corpus |
| Inventory by tower | Priced tower by tower and floor band by floor band; it decides which units are open when your turn comes at allotment |
Tax Timing for Buyers Taking a Loan Now
Interest paid on a home loan while the building is under construction can be claimed only after possession, in five equal yearly parts. To keep the full ₹2 lakh interest limit, construction must finish within five years of the end of the financial year of the loan. For a loan taken in 2026-27, that window closes on 31 March 2032, after Prestige Parklane's RERA completion date of 31 December 2030.
Launch Week Checklist
- Confirm your EOI is registered so you receive the survey form, and note that the current price sheets are valid till 27 September 2026
- Get a home loan pre-approval before 25 September 2026
- Decide your preferred configuration, tower and facing before the survey form opens
- Keep 10% of the price ready for allotment and a further 10% for the sale agreement
What to Watch Next
- Whether prices change when the current price sheets lapse on 27 September 2026
- The survey form on 25 September 2026, which sets allotment priority
- Allotment letters and the first sale agreements after the survey form
- Quarterly construction progress filed with Karnataka RERA after work starts on 01 October 2026
Latest updates on Prestige apartment projects, KIADB Phase 2 FAQs
Prestige Parklane was registered with Karnataka RERA on 15 September 2026 and launches on 25 September 2026, with prices from ₹56 lakh including the car park and floor rise.
Allotment runs through a survey form that opens on 25 September 2026 at 5 PM.
Tower construction starts on 01 October 2026, with completion and possession both set for 31 December 2030.
10% at allotment, 10% at the sale agreement, then 24 date-linked instalments of 3.2% each and a final 3.2% on intimation of possession on 31 December 2030.
The whole Blue Line is now targeted for March 2028, with the Hebbal-to-airport stretch due to open on its own first.
Prestige Group, the award-winning developer with a CRISIL DA1+ grading, is developing Prestige Parklane, with Larsen & Toubro as contractor.
