Prestige Launches Prestige Evergreen Project in Whitefield

Expanding Premium Housing Options

Prestige has announced the launch of Prestige Evergreen Apartments, a premium residential project at Prestige Raintree Park Whitefield, Bengaluru. The development carries an estimated gross development value of around Rs 50 billion, strengthening the company’s presence among top developers in Bangalore.

According to an exchange filing, Prestige Evergreen at Prestige Raintree Park is being developed over approximately 24 acres and will feature nearly 2,000 apartments, with a total saleable area of about 3.2 million square feet. Prestige Evergreen Park will offer a mix of 1, 2, 3 & 4 BHK homes, targeting evolving urban lifestyle preferences and a wider spectrum of buyers looking for an apartment for sale in Bangalore.

Pricing, Configuration and Market Positioning

Prestige Evergreen prices are expected to start from around Rs. 92 Lakhs, positioning Prestige Evergreen Bangalore as a premium yet accessible option for buyers exploring apartment flat for sale in Bangalore, Bangalore apartments for sale, and homes for sale in established IT-led residential zones.

The new launch follows the successful debut of Prestige Raintree Park in September 2024, which focused on larger-format residences and witnessed strong market traction. With Prestige Evergreen Park, the Group is expanding the overall development by introducing smaller-format homes, allowing broader buyer participation while retaining a high-end residential experience.

Industry observers note that such offerings align with current demand for new projects in Bangalore, particularly among professionals and investors seeking investment property Bengaluru in well-connected micro-markets.

Parameters	Value
Land Parcel	24 Acres
No. of Apartments	2,000
Configurations	1, 2, 3 & 4 BHK homes
No. of Towers	14

Whitefield Remains a Key Residential Hotspot

Whitefield continues to rank among the most preferred locations for real estate property Bangalore, supported by established IT hubs, robust social infrastructure, and improving connectivity. Buyers searching to buy a flat near major office corridors increasingly favour this zone for its balance of employment access and lifestyle amenities.

According to Prestige, the project expands the product mix to address changing customer preferences in Whitefield. The location at the junction of Whitefield and Varthur offers strong connectivity to key employment hubs and proximity to malls, schools, and hospitals, supporting sustained demand.

Strong Q3 FY26 Performance Supports Growth Outlook

The Prestige Evergreen launch comes on the back of strong operational performance by the company in Q3 FY26. Prestige reported a 39 percent year-on-year increase in pre-sales to Rs 41.836 billion, while collections rose 40 percent year-on-year to Rs 45.48 billion. Average realisations improved 6 percent year-on-year to Rs 14,459 per square foot, driven by a higher share of premium residential developments.

During the quarter, the company achieved sales volumes of 2.99 million square feet and sold 1,811 residential units, reinforcing confidence in Bangalore India real estate and the demand for quality housing.

On the stock market, shares of Prestige Estates Projects Limited rose over 3 percent intraday to Rs 1,553.60, before closing at Rs 1,523.60, up 1.72 percent from the previous close. Despite the gain, the stock is down 6.40 percent over the past month, while delivering a 5.04 percent return over the past year.

With Prestige Evergreen New Launch, the developer continues to consolidate its position as a top builder in Bangalore, offering well-planned apartments for sale that cater to both end-users and investors seeking long-term value in Bengaluru’s evolving residential landscape.

Source: https://www.constructionworld.in/policy-updates-and-economic-news/prestige-launches-evergreen-project-in-whitefield/84986