Prestige Group, Developer of Prestige Parklane
Who is building Prestige Parklane, what the record actually shows, what the CRISIL grading means, and how this project differs from the other Prestige projects on the same corridor.
The short answer
Prestige Parklane is developed by Prestige Group, formally Prestige Estates Projects Limited, founded in Bengaluru in 1986 by Razack Sattar and listed on the NSE and BSE. The group is led by Irfan Razack as Chairman and Managing Director, Rezwan Razack as Joint Managing Director and Noaman Razack as Whole-Time Director. It has completed more than 300 projects and delivered over 200 million square feet across residential, commercial, retail and hospitality, and holds the CRISIL DA1plus grading, the highest developer rating in India, continuously since 2012.
1986
Founded in Bengaluru by Razack Sattar
300+
Projects completed
200M
Square feet delivered
DA1+
CRISIL developer grading, held since 2012
What the CRISIL grading actually measures
Developer gradings are quoted constantly in Indian property advertising and explained almost never. CRISIL grades developers on a scale topping out at DA1plus. It is not a credit rating on the company and it is not a guarantee on any individual project.
What it assesses is three things: the record of delivering completed projects on the timelines promised, the quality of legal title and documentation across the portfolio, and the financial strength behind the pipeline. It is reviewed rather than granted once.
The reason to care is narrow and real. In a market where almost every claim in a brochure originates with the person selling you the home, a grading from a third party that reviews the books is one of the few independent signals available. Holding the top grade continuously since 2012 is a longer run than most.
What it does not tell you is whether this particular project will complete on time. That is what the RERA registration, the declared completion date and the quarterly progress filings are for, and those do not exist yet for Prestige Parklane.
Park Lane, Park Street, Park Drive: three different projects
Prestige has named several Devanahalli projects with the word Park. They are routinely confused, including by property portals. This is what each one is.
| Project | What it is | Where | Status |
|---|---|---|---|
| Prestige Parklane | A 32.26 acre master plan combining nine residential towers of 1,788 apartments on 11.91 acres with three data centres, a warehouse block, a manufacturing block and a dedicated 220 KV substation. | KIADB Hi-Tech, Defence and Aerospace Park, Phase 2, Devanahalli | Registered, selling |
| Prestige Park Street | A high rise apartment project, two towers, 1, 2 and 3 BHK. Residential only. | Palya village, Devanahalli | Separate project, separate address |
| Prestige Park Drive | A plotted development. Land parcels, not apartments. | Off Bellary Road, Devanahalli | Separate project, separate address |
| Prestige Gardenia Estate | Villa plots on about 21 acres, 195 plots from 1,202 to 3,999 sq ft. | Off the Satellite Town Ring Road | Registered, PRM/KA/RERA/1250/303/PR/080626/008705 |
| Prestige Golfshire | Luxury villas around a golf course, at the top of the Prestige range on this corridor. | Nandi Hills side of Devanahalli | Delivered |
If you searched for Prestige Parklane, Prestige Parks Lane or Prestige Parklane Devanahalli, you are in the right place: all three refer to this project. If you were looking for a plotted development, you want Park Drive. If you were looking for a residential only high rise at Palya, you want Park Street.
Prestige on this corridor
Devanahalli is not a new market for this developer. It is territory it has been building in since well before the airport corridor was a corridor.
Bengaluru Airport City
In June 2026 Prestige signed with Bangalore Airport City Limited, a subsidiary of the airport operator, to develop an integrated convention centre, luxury hotels and premium offices inside the 460 acre business district within the airport boundary. That district is master planned to more than 45 million sq ft by 2040.
Data centres at Devanahalli
Prestige has moved into data centre development on this corridor. NTT opened Bengalurus largest data centre campus at Prestige Tech Cloud, Devanahalli in December 2025: 8.5 acres, three buildings, 100 MW of capacity and 67.2 MW of critical IT load, with its own 220 kV substation. It is the clearest evidence that this address supports the enterprise half of the Park Lane master plan.
Residential across North Bengaluru
Prestige Golfshire, Prestige Augusta Golf Village, Prestige Park Drive, Prestige Park Street and Prestige Gardenia Estate all sit on or near this corridor, spanning villas, plots and high rise apartments across two decades.
Why it matters for this project
A developer building its first project on an unfamiliar corridor is learning the water table, the approval offices, the contractor market and the buyer profile at your expense. That is not the position here.
What a developer record does not tell you
Three hundred completed projects is a strong number and it is also the number every large developer quotes. It is worth knowing what it does not cover.
It does not tell you about this project specifically: its land title, its approvals, its declared completion date or its financing. Those live on the RERA register, and Prestige Parklane is not on it yet.
It does not tell you about handover quality at a given price point. A group that builds Golfshire villas and 1 BHK apartments is not building them to the same specification, and it should not be expected to.
And it does not tell you about the association years, after handover, when the developer has left and the residents run the estate. Ask people living in a completed Prestige project on this corridor. It is the most useful research available and it costs nothing.
Questions about the developer
Who is building Prestige Parklane?
Prestige Group, formally Prestige Estates Projects Limited, founded in Bengaluru in 1986 by Razack Sattar and now led by Irfan Razack as Chairman and Managing Director, Rezwan Razack as Joint Managing Director and Noaman Razack as Whole-Time Director. The company is listed on the NSE and the BSE.
What is Prestige Group track record?
More than 300 completed projects and over 200 million sq ft delivered across residential, commercial, retail and hospitality, concentrated in Bengaluru but extending to Chennai, Hyderabad, Mumbai, Kochi and the NCR.
What is the CRISIL DA1plus rating?
CRISIL developer gradings run to DA1plus at the top, and Prestige has held it since 2012. The grading assesses delivery track record, legal and title quality and financial strength. It is one of the few third party signals in Indian real estate that a buyer can check independently of the developer.
Has Prestige built in Devanahalli before?
Extensively. Prestige Park Drive, Prestige Park Street, Prestige Golfshire, Prestige Augusta Golf Village and Prestige Gardenia Estate all sit on this corridor, and in June 2026 the group signed with Bangalore Airport City Limited to build a convention centre, hotels and offices inside the 460 acre Airport City. Devanahalli is territory it has been building in for years rather than entering for the first time.
Is Prestige Parklane the same as Prestige Park Street or Prestige Park Drive?
No, and this is the most common confusion on the corridor. Prestige Park Drive is a plotted development off Bellary Road. Prestige Park Street is a high rise apartment project at Palya village, Devanahalli. Prestige Parklane is the 32.26 acre master plan inside the KIADB Hi-Tech, Defence and Aerospace Park, combining nine residential towers with three data centres and an industrial estate. Three different projects, three different addresses.
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