Prestige Indavara, Chikkamagaluru: Overview
Prestige Estates Projects Limited has confirmed a new land parcel in Indavara, Chikkamagaluru, as part of its Q3 FY26 land bank additions. Prestige Estates Projects Limited has added four land parcels during the third quarter of FY26, with an estimated revenue potential of ₹68,500 crore, according to its latest investor presentation for Q3 and nine months ended December 2025. The additions include parcels in Lakdaram and Rajendra Nagar in Hyderabad, Medavakkam in Chennai, and Indavara in Chikkamagaluru, cumulatively covering 85 acres during the quarter.
The newly added land parcels are located across Hyderabad, Chennai, Bengaluru and Chikkamagaluru, expanding Prestige Estates' presence in both established urban centres and emerging growth corridors. Chikkamagaluru marks a distinct diversification for the developer, moving beyond its core metro strongholds into Karnataka's coffee and tourism belt. Industry listings currently track this as an upcoming villa or plotted development, with pricing and configuration yet to be finalised.
This is Prestige's calculated bet on a market driven by lifestyle demand rather than IT-corridor economics. The company noted that development timelines and project configurations will be finalised post statutory approvals and detailed planning. Until then, this page will track verified updates as the project moves from land bank to formal launch.
Backing this early-stage entry is Prestige's scale and delivery record. As of June 2026, Prestige Group has completed 313+ projects and delivered over 206 million sq. ft. across India. That execution history is a key reason buyers track Prestige land parcels even before formal launch.
