ALFA Finder
| Project GDV | ₹1,750 CrEstimated Value |
|---|---|
| Market Cap | ₹62,503 CrRealty Sector |
| Revenue TTM | ₹13,053 CrOperating Income |
| Day RSI | 41.08Neutral Zone |
| Deal value | ₹1,750 Cr |
| Share of market cap | 2.8% |
| Share of annual revenue | 13.4% |
Key highlights
- Projected gross development value estimated at approximately ₹1,750 crore
- Residential development spread across 11.91 acres featuring nine towers
- Total of 1,788 units offering 1, 2, and 3-bed home configurations
- Approximately 1.7 million square feet of total saleable area
- Strategically located two minutes from the Satellite Town Ring Road in Devanahalli
The Product — What It Is
The Prestige Parklane development is designed as a high-density residential community in the Devanahalli region, comprising 1,788 residential units distributed across nine towers. The project offers a diverse mix of one, two, and three-bedroom apartments to cater to various homebuyer segments. Emphasizing open spaces, the layout integrates four acres of central landscaped greens within the 11.91-acre site.
A 30,000-square-foot clubhouse serves as the central amenity hub, featuring facilities such as a business centre, guest rooms, double-height badminton courts, a spa, and a rooftop viewing deck to support a modern urban lifestyle.
Commercial Opportunity
- Total saleable area for the project is approximately 1.7 million square feet
- Projected Gross Development Value stands at ₹1,750 crore upon completion
- Proximity to the Satellite Town Ring Road provides high-speed connectivity to northern Bengaluru infrastructure
- The Devanahalli micro-market is positioned as a rapidly developing growth corridor for the city
- Varied home configurations target a wide spectrum of the residential market from individuals to families
Strategic Fit
The launch aligns with Prestige Group's strategy to deepen its footprint in Bengaluru’s emerging growth corridors. By entering the STRR-Devanahalli micro-market, the company is capitalizing on the rapid infrastructure development in North Bengaluru. As of June 2026, the Group has delivered 319 projects spanning 216 million square feet and maintains a robust pipeline of 137 projects totaling 229 million square feet.
The development reinforces the brand's position in the premium residential segment while addressing the increasing demand for well-connected housing near primary logistical arteries like the STRR.
Financial Context
- Prestige Estates maintains a market capitalization of ₹62,503.26 crore
- Trailing twelve months operating revenue reached ₹13,053.2 crore
- TTM net profit stands at ₹1,138.9 crore with a current P/E ratio of 54.88
- Promoter holding remains stable at 60.94 percent with zero pledged shares
- Annual revenue growth for the latest full fiscal year was recorded at 70.58 percent
Management Perspective
North Bengaluru continues to emerge as an important growth corridor, supported by expanding infrastructure and improving connectivity. With Prestige Parklane, we are bringing our development expertise to the STRR–Devanahalli micro-market through a thoughtfully planned residential community that combines a well-connected location, a diverse range of home configurations and extensive lifestyle amenities.
| Share price | ₹1451.1 |
|---|---|
| Market capitalisation | ₹62,503.26 Cr |
| Revenue (annual) | ₹12,685.40 Cr |
| Net profit (annual) | ₹1,195.50 Cr |
| Revenue (latest quarter) | ₹2,675.10 Cr-34.33% vs previous quarter |
| Net profit (latest quarter) | ₹235.90 Cr-5.68% vs previous quarter |
| P/E (TTM) | 54.88×Sector 35.49× |
| Promoter holding | 60.94%0.00% QoQ |
| FII holding | 13.27%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Prestige Estates Projects Limited announcing the launch of the Prestige Parklane residential project. Market figures from a third-party data provider.
