The Prestige Parklane possession date is 31 December 2030, filed with Karnataka RERA as both the proposed completion date and the date of intimation of possession. The registration, PRM/KA/RERA/1251/309/PR/150926/008941, runs until that same date, and construction starts on 1 October 2026, which gives a build of just over four years.
Prestige Parklane is a 32.26-acre mixed-use estate by the Prestige Group at Plot No. 24, KIADB Hi-Tech, Defence and Aerospace Park Phase 2, on the STRR at Devanahalli. Homes take up 11.90 acres of that land, while an enterprise estate occupies the remaining 20.36 acres.
The residential phase holds 1,788 apartments in nine towers, each with three basements, a ground floor and 24 upper floors, rising to 76.55 m. Larsen & Toubro is the contractor, which matters for a handover date because execution capacity is what keeps a four-year build on schedule.
A filed date lets you plan properly, because you know how long a rental agreement needs to run and when a school change should be timed. Families buying at launch are effectively planning a move four years ahead, and that only works with a date on record.
The payment plan runs to the same date, starting with 10 per cent on booking and 10 per cent on the agreement, then 24 instalments of 3.2 per cent every two months. The last instalment falls on 10 October 2030, and a final 3.2 per cent is due at possession.
The date is not a marketing promise but a commitment filed with Karnataka RERA, and missing it carries a cost for the developer. If possession runs past 31 December 2030, the Act requires interest to be paid to buyers for every month of delay, and buyers can raise a complaint with the authority.
Other charges fall due in full at intimation of possession, and they work out to your saleable area × ₹415, plus ₹25,000, with GST. On a 567 sq ft 1 BHK that is about ₹2.84 lakh, and on a 1,445 sq ft 3 BHK about ₹6.77 lakh, so it is worth setting the money aside well before handover.
Rental income cannot begin before handover, so an investor buying now should plan for a holding period that runs past December 2030. That also means the exit maths should assume years of instalments before the first rent cheque arrives.
The promoter files quarterly progress updates with RERA, certified by the project engineer and architect, so you can follow the build on the portal instead of relying on a sales update. Those filings are the most reliable early signal of whether a handover date is holding.
The two dates are filed together here, with the RERA entry giving 31 December 2030 as the proposed completion date and the payment plan using the same date for intimation of possession. In practice, completion means the building is finished and cleared, while intimation of possession is the notice telling you the home is ready to take.
The final 3.2 per cent and all other charges fall due at that notice, and handover follows once those payments are made. Buyers should also expect an occupancy certificate to be in place before they take keys.
| Feature | Details |
| Project | Prestige Parklane, STRR, Devanahalli |
| Developer | Prestige Group |
| Promoter | Apex Realty Management Private Limited |
| Contractor | Larsen & Toubro Limited |
| Master plan | 32.26 acres, of which 11.90 acres is residential |
| Towers | 9, each 3 basements + ground + 24 floors |
| Apartments | 1,788 |
| Configurations | 1, 2 and 3 BHK, 567 to 1,801 sq ft |
| Price | ₹56 lakh to ₹1.92 crore |
| RERA number | PRM/KA/RERA/1251/309/PR/150926/008941 |
| RERA granted | 15 September 2026 |
| Launch date | 25 September 2026 |
| Construction start | 1 October 2026 |
| Possession | 31 December 2030 |
| Parking | 1,910 bays; one per apartment, included in the price |
31 December 2030, which is the proposed completion and intimation of possession date filed with Karnataka RERA.
Yes, it appears on the registration PRM/KA/RERA/1251/309/PR/150926/008941, which is valid until 31 December 2030.
RERA requires the developer to pay interest to buyers for every month of delay, and buyers can raise a complaint with the authority.
Construction starts on 1 October 2026, the date declared to RERA, which gives a build of just over four years to December 2030.
The final 3.2 per cent instalment with GST, plus 100 per cent of the other charges with GST, which come to your saleable area × ₹415 plus ₹25,000.
Check the quarterly updates on the Karnataka RERA portal, where the project engineer and architect certify progress in RERA Forms 3 and 2.
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