Prestige Estates Launches ₹5,000 Crore Project in Bengaluru
Filing Summary
Prestige Estates Projects Limited announced the launch of Evergreen at Prestige Raintree Park in Whitefield, Bengaluru. The project, valued at an estimated ₹5,000 crores, spans approximately 24 acres and includes around 2,000 apartments. The development offers a mix of one to four-bedroom residences, with prices starting from approximately ₹92 lakhs. This launch follows the earlier introduction of Prestige Raintree Park in September 2024. Whitefield is noted for its established IT hubs and social infrastructure, contributing to its appeal as a residential area.
Prestige Estates Projects Limited has announced the launch of Evergreen at Prestige Raintree Park, a new residential development in Whitefield, Bengaluru. The project is valued at an estimated ₹5,000 crores and covers approximately 24 acres of land. It comprises around 2,000 apartments with a total saleable area of 3.2 million square feet.
The development offers a variety of apartment configurations, including one, two, three, and four-bedroom residences. Prices for these units start from approximately ₹92 lakhs. This launch is a continuation of Prestige Estates’ earlier project, Prestige Raintree Park, which was introduced in September 2024 and featured larger-format residences.
Evergreen at Prestige Raintree Park expands the range of available unit sizes, including smaller-format homes, to cater to a broader customer base while maintaining the premium living experience associated with the Prestige Raintree Park development. The project is strategically located at the junction of Whitefield and Varthur, offering strong connectivity to key office hubs and proximity to established social infrastructure such as malls, schools, and hospitals.
Whitefield is recognized as one of Bengaluru’s prominent residential micro-markets, supported by its established IT hubs and robust social infrastructure. The area is noted for its improving connectivity, making it an attractive destination for homebuyers and investors.
Prestige Estates Projects Limited is a leading real estate developer in India with a diverse portfolio that includes residential, commercial, retail, hospitality, and integrated townships across major cities. As of September 2025, the company has delivered 310 projects spanning 202 million square feet and has a pipeline of 130 projects covering 199 million square feet.