Prestige Estates Adds Fresh Land Parcels Including Poojanahalli-Devanahalli, Bangalore
PRESTIGE ESTATES PROJECTS LTD has moved decisively to expand its Bangalore land bank, picking up new parcels that strengthen its footprint in the city's high-growth northern and eastern corridors. Among the key additions is a 10-acre parcel in Poojanahalli-Devanahalli, a micro-market that has become one of the most closely watched addresses in North Bangalore thanks to its proximity to Kempegowda International Airport and the NH-44 (Bellary Road) corridor.
According to the company's investor presentation, in Bengaluru, the company has acquired three land parcels -- 10 acres in Poojanahalli - Devanahalli, 7 acres in Kothanuru, KR Puram and 10 acres in Ittangur, Sarjapura. These moves are part of a much larger nationwide land play. In the April-June quarter of FY26, Bengaluru-based Prestige Estates Projects Ltd made a significant land play, acquiring 102 acres across Bengaluru, Hyderabad, Chennai, and Mumbai. The parcels carry an estimated combined Gross Development Value (GDV) of ₹20,400 crore, marking one of the largest multi-city land banking moves by a top-tier developer in the current fiscal year.
The Devanahalli corridor is no stranger to Prestige. The developer already has a presence in the micro-market through Prestige Gardenia Estates, Devanahalli, Bengaluru: 50+ acre plotted development off STRR; RERA-approved May 2025; plots from 1,200–4,000 sq ft; pricing from ₹90 lakhs. The fresh Poojanahalli-Devanahalli acquisition adds to this cluster, and early listings indicate an apartment format is likely here rather than plots. A project positioned on this exact parcel is currently in the pre-launch / under-construction phase on Poojanahalli, Devanahalli, Bengaluru, with two G+15 towers on a 10-acre site in Devanahalli, with 83 residences total, and access to NH-44 (Bellary Road), the upcoming Namma Metro Blue Line Phase 2B corridor called out as key connectivity advantages.
Why does the location matter to buyers? Devanahalli and Sarjapura are both high-growth corridors with strong IT employment and airport connectivity, so projects here will appeal to end-users and investors alike. Analysts tracking the acquisition note that the Poojanahalli-Devanahalli 10-acre acquisition sits in the northern growth corridor, and is likely to see 2–3 BHK mid-premium apartments launch in H2 FY26 or Q1 FY27.
The Bangalore additions are only one piece of a much bigger pan-India strategy. Hyderabad saw the largest concentration of Prestige's Q1 buying, with the developer securing 28 acres in Tellapur and 37 acres in Pulimamidi—two high-growth micro-markets within the city's IT and finance corridors. Meanwhile at Velachery in Chennai, the company acquired 3.48 acres and Prestige acquired 6.3 acres of land in Mumbai.
The land buying spree comes on the back of strong quarterly numbers. The company recently reported a 26 per cent increase in its consolidated net profit to Rs 292.5 crore during the first quarter of this fiscal, up from Rs 232.6 crore in the year-ago period. It clocked ₹5,519 crore in sales bookings in the quarter and targets ₹27,000 crore for FY26. This follows a year in which during the entire last fiscal year, Prestige Estates sales bookings declined 19 per cent to Rs 17,023.1 crore, "reflecting the impact of deferred launches amid approval delays" — making the current land banking pace a signal of renewed momentum.
For homebuyers eyeing North Bangalore, the practical takeaway is timing. If you're looking in Tellapur, Sarjapura, Devanahalli, or Velachery, waiting 6–12 months to see Prestige's offerings makes sense because the company often brings fresh supply and competitive pricing to a micro-market; however, if a competing project meets your needs and offers a possession timeline within 24–30 months, locking in early can provide certainty. Prestige has continued its aggressive land banking well beyond this quarter too — the company's Q3 FY26 presentation showed total land additions of 351 acres in the first nine months of FY26, with an overall estimated revenue potential of ₹3.99 lakh crore, confirming that Devanahalli is just one node in a much wider expansion across Indian cities.
For buyers tracking Prestige's Bangalore pipeline, Poojanahalli-Devanahalli is worth watching closely over the next two to three quarters as formal launches, RERA filings, and pricing are announced.
