Prestige Park Street Launch Date

Published On: 6 July 2026

The official launch date for Prestige Park Street is October 5, 2026. Prestige Group is developing this project over 3.48 acres at 140, Velachery 100 Ft Road, Chennai 600042. The project sits close to Taramani (3.2 km) and Guindy (3.9 km). Early bookings are open now, ahead of the official launch.

After the October launch, heavy building work will start on October 25, 2026. The builder plans a strict four-year construction timeline. They expect to finish all building work and hand over the keys to owners by October 31, 2030.

Detail	Info
Developer	Prestige Group
Location	140, Velachery 100 Ft Road, Velachery, Chennai 600042
Land Area	3.48 acres
Towers	4 (A, B, C, D)
Total Units	252
Configurations	3 BHK, 4 BHK, 4.5 BHK + Study, 4 BHK + Family Room
Starting Price	Rs 4 Crore (3 BHK)
Possession	31 October 2030
RERA	Awaiting TNRERA approval

The project follows a set plan to deliver all 252 luxury homes on time:

December 2025: Early-bird bookings and deposits begin.
October 5, 2026: Official project launch and formal contract signings.
October 25, 2026: Construction machinery arrives and digging starts.
October 25, 2030: Workers finish building all four housing towers.
October 31, 2030: Final key handover and resident move-in day.

What Are the Early Booking Costs for Prestige Park Street?

Early bookings are open now, letting buyers reserve a home before the public launch. To secure a spot, you need your PAN card, a government ID, and a deposit cheque.

The deposit amounts depend on the size of the home you choose:

3 BHK Homes (2,280 to 2,435 sq ft): Deposit Rs 10 lakh. Prices start at Rs 4 crore.
4 BHK Homes (3,024 to 3,320 sq ft): Deposit Rs 15 lakh. Price on request.
4.5 BHK + Study (3,797 sq ft): Deposit Rs 20 lakh. Price on request.
4 BHK + Family Room (4,288 sq ft): Deposit Rs 20 lakh. Price on request.

How Do You Reserve a Home at Prestige Park Street?

You can register your interest now and pay a token deposit once TNRERA issues the project registration number. This keeps your booking fully compliant with RERA rules.

Our sales desk checks two documents before you submit any deposit:

Your PAN card
A valid government ID

We share official payment instructions directly once your booking is confirmed. We do not publish them on this page.

Contact our sales team below for the current deposit amount and next steps.

What Is the RERA Approval Status of Prestige Park Street?

Prestige Park Street is awaiting its registration number from the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Prestige Group has submitted building plans, engineering charts, and environmental clearances for review. The registration number will be published once TNRERA issues it. Approvals remain on track to match the October 25, 2026 construction start.

Buying Early: The Pros and Cons

Buying a home during the early phase offers great financial perks, but you should also think about the timeline.

Major Benefits

Lower Initial Prices: The three-bedroom starting price of four crore rupees is the lowest rate. Prices will likely go up after the official October launch.
Best Choice of Homes: Early buyers get first pick of the best floors, tower locations, and views across the large green spaces.
Future Value Growth: Buying now means your property value can grow with better connectivity. The Velachery to St. Thomas Mount MRTS extension has run since March 2026, improving access to the area.

Key Considerations

Waiting Period: Your money is tied up all during the four-year building phase till the final possession in October 2030.
Approval Timing: You can hold a home now, but you can only sign the formal sale contract after the final state registration number is issued.

Buyers who book early also get priority access to updated floor plans once TNRERA approves the layout. Prestige Group typically shares final tower elevations and view charts only with early registrants.

You should compare this deposit structure with nearby launches in Velachery before you decide. A lower entry deposit does not always mean lower total cost, so ask your sales contact for a full cost sheet.

FAQs

1. When is the official launch date for Prestige Park Street?

The official launch date for this elegant project is 05 October 2026. It is followed by the first pre-launch booking phase that opened in December 2025.

2. When will construction begin on the project site?

On-site structural construction is set to officially commence on 25 October 2026, exactly twenty days after the formal launch.

3. What are the scheduled completion and final possession dates?

The structural construction is set to be completed within four years on 25 October 2030. The final handover of possession to buyers on 31 October 2030.