The group's record is long and public. The promoter's record is new. Both facts matter, and neither should be read without the other.
Company at a glance
The listed developer's registered office, scale and standing.
| Item | Detail |
|---|---|
| Legal name | Prestige Estates Projects Ltd |
| Brand | Prestige Group |
| Founded | 1986 |
| Headquarters | Bengaluru, Karnataka |
| Registered office | Prestige Falcon Towers, 19 Brunton Road, Bengaluru |
| Listed on | NSE (PRESTIGE) and BSE (533274) |
| Chairman and Managing Director | Irfan Razack |
| Projects delivered | 316-plus |
| Area delivered | More than 212 million sq ft |
| Role at Prestige Parklane | Markets the project; the registered promoter is Apex Realty Management Private Limited, a Prestige Group company |
The promoter on this registration
The promoter named on registration PRM/KA/RERA/1251/309/PR/150926/008941 is Apex Realty Management Private Limited. It is a Prestige Group company with the same registered office as the listed parent: Prestige Falcon Towers, 19 Brunton Road, Bengaluru 560025.
Three things about it matter. It owns the land outright, bought from KIADB in 2025, with no joint development agreement, no landowner share and no litigation declared on the land. Its main contractor is Larsen & Toubro Limited. And Prestige Parklane is its first registered project, so there is no earlier registered project of its own to judge it by - the delivery record a buyer is relying on belongs to the group.
Project companies like this are common among large developers, and one is not a warning sign in itself. It does change what a careful buyer should do.
Read who signs
The agreement for sale is with Apex Realty Management Private Limited, not with Prestige Estates Projects Ltd. Check the company name on the agreement, on every demand for payment and on every receipt, and check that it matches the registration.
Ask how the parent stands behind it
Ask the developer, in writing, what commitment Prestige Estates Projects Ltd makes to the promoter's obligations under your agreement - on completion, on delay and on refunds - and keep the answer with your papers.
History
Prestige was founded in Bengaluru in 1986 by the Razack family, who came to property from retail trading rather than from construction. The early years went into building a name in the city's premium apartment market while Bengaluru's apartment culture was still taking shape, and the reputation was made on individually designed buildings rather than on volume.
Two decisions shaped the company that exists today. The first was to add offices, shopping centres and hotels to housing, which turned a residential developer into an integrated real-estate business with recurring income. The second was the stock-market listing, which put the company's accounts, board and disclosures in public view. For a home buyer both point the same way: a developer that must report in public has less room to go quiet.
The business has since spread beyond Bengaluru to Mangalore, Hyderabad, Chennai, Kochi, Goa, Mumbai and the National Capital Region. Bengaluru remains the centre of its residential work.
Leadership
Prestige has been run by its founders since 1986. Its executive leadership is drawn from the founding Razack family, with responsibilities divided by business line. Irfan Razack is Chairman and Managing Director, and the company's public voice on regulation, disclosure and the direction of housing demand. As a listed company, Prestige Estates Projects Ltd also answers to its board and to its public shareholders.
Continuity of this kind guarantees nothing about a particular project. It does mean that accountability for the Prestige name sits in one identifiable place, which is worth knowing when the company on your agreement is a group company rather than the listed parent.
Portfolio depth
The 316-plus delivered projects and more than 212 million sq ft span housing, offices, retail and hospitality. Most of the residential depth is in Bengaluru, where the group has been building for four decades; Prestige Shantiniketan in Whitefield, one of South India's largest integrated townships, is among its best-known work.
North Bengaluru is not new ground for the group either. There are other Prestige projects in North Bengaluru, including in the airport belt, so Prestige Parklane is not its first project on this side of the city. None of them is Prestige Parklane, though, and none of them changes what this project's own registration, schedule and agreement say.
The other verticals
Prestige is not only a housing company, and the breadth matters because it is part of what steadies the residential business.
| Vertical | What it covers |
|---|---|
| Residential | Apartments, integrated townships, villas and plotted development |
| Commercial | Grade-A office campuses, including the Prestige Tech Park portfolio |
| Retail | The Forum family of shopping centres |
| Hospitality | Hotels, convention centres and serviced apartments, including the Sheraton Grand Bengaluru Whitefield |
| Property services | Facilities management, leasing, interiors and fit-out |
A group with rental and hotel income is less exposed to a weak run of flat sales than a developer that depends on sales alone. For a buyer whose home is registered to complete at the end of 2030, that is structural comfort, not a promise.
What this means for Prestige Parklane
What nine towers and 1,788 homes make this, in the developer's book.
The scale is familiar
Nine towers of three basements, ground and 24 floors, each 76.55 m tall, with 1,788 homes between them, make Prestige Parklane a large project. It sits within the range of a developer with 316-plus delivered projects, and Larsen & Toubro Limited is the main contractor.
The approvals so far
KIADB approved the building plans on 13 August 2026, and the project was registered on 15 September 2026, with completion registered for 31 December 2030. Environmental clearance for the wider development had not been issued as at 17 September 2026; the terms of reference for its environmental study were approved on 10 September 2026.
The name does not settle the terms
The payment plan is time-linked, with 45.6% of the price due by February 2028, when the tower frames are scheduled to start. A strong group record is a reason to take the project seriously. It is not a substitute for reading the agreement, the payment schedule and a cost sheet for a specific home.
Verify it for yourself
The registration is public. Look up PRM/KA/RERA/1251/309/PR/150926/008941 at rera.karnataka.gov.in and check two things against the papers you are asked to sign: that the promoter is Apex Realty Management Private Limited, and that the proposed completion date is 31 December 2030. The quarterly progress updates on the same registration will then tell you, more reliably than any website, whether the build is keeping to its schedule.
Prestige Parklane FAQs
When is possession at Prestige Parklane?
The proposed completion date on the registration is 31 December 2030. Construction is filed to start on 1 October 2026, and the registered schedule has the tower frames rising from February 2028 to October 2029 and finishing work running to December 2030.
Has construction started at Prestige Parklane?
Not as at 17 September 2026. The project was registered on 15 September 2026 and its construction start is filed for 1 October 2026, beginning with earthwork and levelling scheduled to run to May 2027.
How many towers and floors does Prestige Parklane have?
Nine towers, each with three basement levels, a ground floor and 24 upper floors, all 76.55 metres tall. The towers are laid out in a horseshoe around a central landscape and clubhouse.
How many homes are there at Prestige Parklane?
1,788: 858 one-bedroom homes, 391 two-bedroom and 539 three-bedroom. There are no four-bedroom homes.
Who is building Prestige Parklane?
Larsen & Toubro Limited is the main contractor on the registration.