Prestige Park Street New Launch

Published On: 6 July 2026

Prestige Park Street launches officially on October 5, 2026, in Velachery, South Chennai. Prestige Group is developing this project at 140, Velachery Road, Chennai 600042. The project spans 3.48 acres, just 3.2 km from Taramani and 3.9 km from Guindy. Pre-launch bookings are open now, ahead of construction starting on October 25, 2026.

Detail	Info
Developer	Prestige Group
Location	140, Velachery 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

What Are Prestige Park Street Prices and Sizes?

The project features 252 apartments. Buyers can choose from 3 BHK, 4 BHK, 4.5 BHK, and 4 BHK + Family Room options. Prices start at Rs. 4 Crores. The design consists of four towers named A, B, C, and D. These towers follow Vaastu guidelines. Each tower has two basements, a ground floor, and 18 upper floors. The towers stand nearly 66 metres tall.

Here is a breakdown of the home sizes and prices:

3 BHK Homes: 2,280 to 2,435 sq ft. Prices start at Rs. 4 Crores.
4 BHK Homes: 3,024 to 3,320 sq ft. Price available on request.
4.5 BHK + Study: 3,797 sq ft. Price available on request.
4 BHK + Family Room: 4,288 sq ft. Price available on request.

Why Is the Velachery Location Good for Prestige Park Street?

Prestige Park Street sits at 140, Velachery Road, close to Chennai's key business hubs. A short drive reaches major IT hubs and the Chennai Airport. The project is close to Taramani (3.2 km), Guindy (3.9 km), and Pallikaranai (5.9 km). Travel will get even easier once the Blue Line Metro Phase 2B opens nearby. This makes it a strong home base for working professionals. You can also reach the upcoming Blue Line metro corridor within a short drive, cutting future commute times to central Chennai.

What Amenities Does Prestige Park Street Offer?

The builder has kept 80% of the land as open space. Residents get access to a clubhouse, health spa, gym, swimming pool, and mini-theater. With 80% open space and only 252 homes, the community stays low-density.

Pros and Cons for Buyers

The biggest advantage is space and privacy. With only 252 homes across 3.48 acres, residents get more room than typical high-density projects nearby. Buyers also get Vaastu-compliant layouts and Prestige Group's track record across Chennai and Bangalore.

The main consideration is price. Starting at Rs. 4 Crores, this project sits at the premium end for Velachery. The project is also still awaiting its RERA registration number from TNRERA. Buyers should factor in this pending approval before committing to a booking.

Is Prestige Park Street a Good Investment?

Velachery has limited land left for large new developments, which supports long-term demand in the area. Prestige Park Street's low unit count of 252 homes across four towers sets it apart from denser projects in the same stretch. Early EOI booking lets buyers lock in pre-launch pricing before the official launch on October 5, 2026. Possession is scheduled for October 31, 2030.

How to Book Early (EOI)

To book your spot early, you need to pay a deposit based on the home size you want. You also need to submit copies of your PAN Card and Aadhaar. The builder accepts bank cheques made out to the project's secure account.

Early booking deposits:

3 BHK Homes: Rs. 10 Lakhs
4 BHK Homes: Rs. 15 Lakhs
4.5 BHK & Larger: Rs. 20 Lakhs

Banking Details:

Account Name: Prestige Park Street Collection A/c
Bank Name: ICICI Bank
IFSC Code: ICIC0000385
Branch: Velachery, Chennai - 600042

FAQs

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

The official launch date is October 5, 2026. Construction begins soon after, on October 25, 2026.

2. What is the total land area and unit density of the project?

Prestige Park Street covers 3.48 acres and includes 252 apartments across four towers, giving it a low-density layout compared to nearby projects.

3. What are the starting prices for the apartments?

3 BHK homes start at Rs. 4 Crores. Pricing for 4 BHK, 4.5 BHK, and 4 BHK + Family Room units is available on request.

4. What is the scheduled completion and possession date?

Construction is set to finish on October 25, 2030. Buyer possession begins on October 31, 2030.

5. Is Prestige Park Street RERA approved?

The project is awaiting its registration number from the Tamil Nadu Real Estate Regulatory Authority (TNRERA). We will update this page once the number is issued.