Prestige Falcon City Reserve Resale Value

Published On: 19 August 2026

Prestige Falcon City Reserve resale prices range from ₹18,500 to ₹23,500 per sq ft in 2026, with yearly price growth of around 8.5% to 12%. This 41-acre township is located in Konanakunte on Kanakapura Road in South Bangalore. Developed by Prestige Group, the gated community has 75% open space. Phase 1 was launched in December 2014 and RERA number PRM/KA/RERA/1251/310/PR/170913/000114. The new Reserve phase has a pre-launch date of 15 July 2026, the main launch is planned for 15 October 2026, and final possession is expected on 31 December 2031, with RERA approval applied for.

Flats in this 2,520-unit township bring strong annual rental yields of 4.2% to 4.8%. A 2 BHK flat measuring 1,240 to 1,379 sq ft now sells for ₹2.30 Crore to ₹2.55 Crore. A 3 BHK home measuring 1,830 to 1,970 sq ft costs between ₹3.15 Crore and ₹3.60 Crore on the resale market. Large 4 BHK units measuring up to 2,726 sq ft cost ₹5.80 Crore to ₹6.35 Crore.

High demand comes from key location perks. The project sits right across from Konanakunte Cross Metro Station on the Green Line. It also links directly to Forum South Bengaluru Mall inside the main site. Early buyers who bought at the 2014 launch price of ₹4,500 per sq ft have seen price gains of over 310% today.

Project Snapshot: Key Township Data and Details

Prestige Falcon City Reserve sits on a large 41-acre property that features 7 tall towers, each built with a ground floor plus 30 upper floors (G+30). In total, the township houses 2,520 modern flats.

The builder, Prestige Group, holds a top CRISIL DA1+ quality rating. The project has developed in two distinct phases:

Phase 1: Launched in December 2014 and handed over keys to buyers in December 2019.
Reserve Phase: Sets an official launch date of 15 October 2026 and targets final possession by 31 December 2031, while its RERA approval remains applied for and pending.

Project Detail Parameter	Specific Project Details
Developer Name	Prestige Group (CRISIL DA1+ rated builder)
Total Land Size	41 Acres (features 75% open green space)
Building Layout	7 High-Rise Towers rising to G+30 floors
Total Home Units	2,520 modern luxury apartments
Flat Types	2 BHK, 3 BHK, and 4 BHK homes
Unit Size Range	1,240 to 2,726 sq ft
RERA Status	Phase 1: Approved (PRM/KA/RERA/1251/310/PR/170913/000114) Reserve Phase: Applied / Awaiting approval
Phase 1 Timeline	Launch: December 2014 Possession: December 2019
Reserve Phase Timeline	Pre-Launch Date: 15 July 2026 Main Launch Date: 15 October 2026 Completion Date: 05 December 2031 Possession Date: 31 December 2031
Pre-Launch Starting Price	₹1.4 Crore onwards (Expression of Interest open)

Resale Pricing Breakdown by Unit Type

Resale rates in Prestige Falcon City average ₹19,400 per sq ft in 2026, showing a 115% price gain since 2020. Final home prices depend on floor height, main views, woodwork, and Vastu entry direction.

Flat Configuration	Unit Size (Sq. Ft.)	Current Resale Price	Price Per Sq. Ft.	Monthly Rental Income
2 BHK Premium	1,240 – 1,379 sq ft	₹2.30 Cr – ₹2.55 Cr	₹18,500 – ₹20,700/sq ft	₹48,000 – ₹55,000
3 BHK Luxury	1,830 – 1,970 sq ft	₹3.15 Cr – ₹3.60 Cr	₹19,500 – ₹21,800/sq ft	₹68,000 – ₹82,000
4 BHK Elite	2,450 – 2,726 sq ft	₹5.80 Cr – ₹6.35 Cr	₹21,500 – ₹23,500/sq ft	₹1,10,000 – ₹1,35,000

Two-bedroom homes sell the fastest in under 35 days. Young tech workers like these 2 BHK units for quick commutes. Three-bedroom homes measuring 1,830 to 1,970 sq ft make up 55% of all resale trades at an average price of ₹3.30 Crore. Four-bedroom homes on upper floors reach top rates of ₹23,500 per sq ft with clear views of Hulimavu Lake.

Price Growth History and Rental Returns (2014 – 2026)

Home values in Prestige Falcon City grew at an annual rate of 13.2% from the 2014 pre-launch price of ₹4,500 per sq ft. Property values rose steadily across key local milestones:

Timeline Phase / Year	Milestones & Growth Stage	Base Price per Sq. Ft.	Key Drivers & Value Boosters
2014 (Pre-Launch Stage)	Initial project announcement	₹4,200 – ₹4,600	Pre-launch bookings & early investment entry
2019 (Phase 1 Possession)	Key handover & completion	₹7,800 – ₹8,500	Ready-to-move status & live township amenities
2022 (Metro & Mall Opening)	Infrastructure operational	₹12,500 – ₹14,000	Konanakunte Cross Metro & Forum Mall operations
2026 (Current Resale Market)	Mature secondary market	₹18,500 – ₹23,500	Full township maturity & strong rental demand

Rental yields stay strong at 4.2% to 4.8% each year. Strong demand comes from office workers along Bannerghatta Road. Rents rise by 8% to 10% each year, offering safe income for homeowners.

South Bangalore Resale Market Comparison

Prestige Falcon City trades at a 15% to 20% price premium over nearby properties on Kanakapura Road due to its metro link and mall.

Project Name	Micro-Market Area	Average Resale Rate (2026)	Distance to Metro	Mall on Site
Prestige Falcon City	Konanakunte Cross	₹18,500 – ₹23,500/sq ft	0 Metres (Direct Access)	Yes (Forum Mall)
Brigade Meadows	Kanakapura Road	₹8,200 – ₹10,500/sq ft	6.5 Km	No
Sobha Forest Edge	Thalaghattapura	₹13,500 – ₹15,800/sq ft	1.8 Km	No
Mantri Tranquil	Gubbalala	₹10,200 – ₹12,000/sq ft	1.2 Km	No

FAQs

1. What is the current resale value per sq ft in Prestige Falcon City?

The average resale value in Prestige Falcon City ranges between ₹18,500 and ₹23,500 per sq ft in 2026, depending on floor level, view, and interior work.

2. What are the launch and possession dates for Prestige Falcon City Reserve?

Prestige Falcon City Phase 1 launched in December 2014 with possession in December 2019, while the Reserve Phase has a pre-launch on 15 July 2026, a launch on 15 October 2026, and possession on 31 December 2031.

3. What is the RERA status of Prestige Falcon City Reserve?

Phase 1 holds an approved RERA number PRM/KA/RERA/1251/310/PR/170913/000114, while RERA registration for the new Reserve Phase is currently applied for and pending.

4. What rental income do resale flats in Prestige Falcon City earn?

Resale flats earn annual rental yields between 4.2% and 4.8%, with 2 BHK flats renting for ₹48,000–₹55,000 per month and 3 BHK units bringing ₹68,000–₹82,000 per month.

5. Why does Prestige Falcon City command higher resale prices than nearby homes?

Prestige Falcon City commands a 15% to 25% price premium due to its zero-distance gate access to Konanakunte Cross Metro Station, on-site Forum Mall, and 75% open green space across 41 acres.