Prestige Parklane Latest News

Featured Image of Prestige Parklane Latest News


The latest news at Prestige Parklane is that the project launched on 25 September 2026, ten days after Karnataka RERA granted registration PRM/KA/RERA/1251/309/PR/150926/008941. Tower-wise price sheets are now public, allotment has opened, and construction of the nine towers begins on 1 October 2026.

Project Updates in Order


Date Update
16 July 2025 E-Khata issued for the Phase 1 land
13 August 2026 KIADB approved the building plan, DO3-KIADB-00128/26-27/BP
21 August 2026 RERA application acknowledged
15 September 2026 Karnataka RERA registration granted, and the expression of interest opened
25 September 2026 Project launched, with tower-wise price sheets released and allotment opened
1 October 2026 Construction of the towers begins, as declared to RERA
10 December 2026 First time-linked instalment falls due

What the Launch Released


The launch made prices public for the first time, covering every unit line across seven floor bands in all nine towers. Homes start at ₹56 lakh for a 567 sq ft 1 BHK and reach ₹1.92 crore for an 1,801 sq ft 3 BHK, which works out to ₹9,122 to ₹11,404 per sq ft.

Each price includes one car park and the floor rise for the band, with GST, stamp duty and registration on top. The survey form for allotment opened at 5 PM on launch day.

Where the Site Stands


Site photographs from 14 July and 29 August 2026 show steady groundwork rather than tower building. The 11.90-acre residential land at Plot No. 24 is demarcated and fenced, and the KIADB approach and arterial roads are complete with a concrete carriageway, street lighting and a planted median.

The experience centre and model flat are under construction, with the pavilion taking shape and its forecourt slab cast and kerbed. Site services, including power backup, water storage and service ducting, are being installed ahead of the tower work.

What Happens Next on Site


Construction starts on 1 October 2026, and the first major phase goes into the ground because each tower sits above three basement levels. Larsen & Toubro is the contractor, and the towers will rise to 76.55 m across a ground floor and 24 upper floors.

From then on, the promoter must file a progress update with Karnataka RERA within 15 days of each quarter ending, certified by the project engineer and the architect. Those filings are the most reliable place to follow the build.

News From the Wider Corridor


Devanahalli itself continues to draw investment, which is the backdrop to any project here.

  • A World Trade Center is under construction on 74 acres, with opening planned for 2027.
  • The BCCI Centre of Excellence is coming up on 45 acres, with 45 cricket pitches.
  • Foxconn has committed ₹21,911 crore to manufacturing in the belt, and Boeing ₹1,600 crore to its largest site outside the United States.
  • Amazon is relocating its headquarters to the area, and Walmart has leased space here.
  • The Namma Metro Blue Line continues towards the airport, with Doddajala station under construction and the airport section targeted for March 2028.

How to Follow Updates Yourself


Three sources cover almost everything a buyer needs, and none of them is a sales call. The Karnataka RERA portal carries the registration, the approvals and the quarterly progress reports. The price sheets show current rates by tower, and a site visit shows the corridor as it actually is.

Dates on property pages, including this one, go out of date quickly, so check the portal before acting on anything you read.

FAQs


1. What is the latest update on Prestige Parklane?

The project launched on 25 September 2026 with tower-wise price sheets released, and construction of the towers begins on 1 October 2026.

2. Is Prestige Parklane RERA registered?

Yes, Karnataka RERA granted registration PRM/KA/RERA/1251/309/PR/150926/008941 on 15 September 2026, valid until 31 December 2030.

3. Has construction started at the site?

Groundwork has: the land is fenced, KIADB roads are complete and the experience centre is being built. Tower construction begins on 1 October 2026.

4. What are the current prices?

From ₹56 lakh for a 567 sq ft 1 BHK to ₹1.92 crore for an 1,801 sq ft 3 BHK, or ₹9,122 to ₹11,404 per sq ft.

5. When is possession?

The declared completion and intimation of possession date is 31 December 2030.

6. Where can I check progress updates?

On the Karnataka RERA portal, where the promoter files quarterly reports certified by the engineer and architect.

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