Prestige Estates Launches Phase 2 of Gardenia Estates in Bangalore, Rs. 400 Cr Revenue Potential
Prestige Estates Projects Limited launched Prestige Gardenia Estates – Phase 2, a 21-acre plotted development in Devanahalli, Bangalore. The project features 195 plots and has a revenue potential of ₹400 Crores. Phase 1 of the project was a sell-out success, highlighting demand for North Bengaluru properties.
The launch of a new project phase with a substantial revenue potential (₹400 Crores) is a material development for a real estate company, impacting its future revenue streams and growth prospects.
The launch of a new project phase with significant revenue potential and positive market reception indicates a favorable business development for the company.
Prestige Estates Projects Limited has announced the launch of 'Prestige Gardenia Estates – Phase 2', a plotted development project in Devanahalli, Bangalore. This new phase is spread over approximately 21 acres and will comprise 195 plots, with a total development area of just under 0.5 million square feet. The project is expected to generate a revenue potential of almost ₹400 Crores.
The development is strategically located in North Bangalore, offering proximity to Kempegowda International Airport, NH 44, the Satellite Town Ring Road, major IT parks, schools, hospitals, and retail destinations. The enclave features wide, tree-lined corridors, modern utilities, and curated green zones, emphasizing a sustainable, nature-centric community.
Prestige Gardenia Estates, including Phase 1, offers world-class amenities such as a clubhouse, jogging and walking tracks, sports courts, an outdoor gym, yoga lawn, reflexology path, gardens, a children's play area with a treehouse, a skating rink, a climbing wall, sunken seating pockets, and a dedicated pet park.
The company noted that Prestige Gardenia Estates has been exceptionally well-received, with Phase 1 selling out at launch, indicating strong demand for sustainable, well-connected living in North Bengaluru. Prestige Group, with a legacy of nearly four decades, has delivered 316 projects spanning 212 million sqft as of March 2026 and has a pipeline of 135 projects across 227 million sqft.
What to do with a filing like this
Prestige Estates Projects Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.