Prestige Group Upcoming High-Rise Apartments in Chennai 2026

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Prestige Group is launching four premium, low-density high-rise residential projects all over Chennai's top transit corridors in 2026, offering massive open spaces as well as zero-wall-sharing layouts. These upcoming developments move away from crowded complexes. Instead, they feature tall, vertical towers that give buyers a much higher individual undivided land share (UDS) and excellent ventilation.

Located near major tech and commercial hubs, this new inventory solves the shortage of luxury homes for corporate heads and NRI investors.

Complete 2026 Chennai New Launch Portfolio of High-rise apartments


Prestige Group’s 2026 pipeline spreads across the North, South, and East zones of Chennai.

Prestige Park Street (Velachery, South)


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Prestige Park Street is an ultra-luxury project sits at 140, Velachery Road and officially launches on October 05, 2026.

  • The Space: Spans 3.48 acres, keeping 80% of the land open for green parks and fresh air.
  • The Towers: Features 4 Vaastu-compliant towers with a 2 Basements + Ground + 18 Floors structure, rising 65.95 meters high.
  • The Flats: Offers just 252 exclusive units in 3 BHK, 4 BHK, 4.5 BHK + Study, and 4 BHK + Family Room setups (2,280 to 4,288 sq. ft.).
  • Timeline: Base prices start from Rs. 4 Crores onwards. Construction begins on October 25, 2026, with final possession on October 31, 2030.

Prestige Palm Court (Madhavaram, North)


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Prestige Palm Court is a premium high-rise enclave located right on the Grand Northern Trunk Road (GNT Road / NH-5).

  • The Space: Spans 7.98 acres with 75% to 80% open green space.
  • The Towers: Features 5 towers built with 2 basements, a stilt floor, and 22 residential levels.
  • The Flats: Delivers 860 total homes using a certified zero-wall-sharing design in 1, 2, and 3 BHK layouts (617 to 1,887 sq. ft.).
  • Timeline: Pre-launch prices run from ₹72 Lakhs to ₹1.99 Crore. It includes an integrated 33,000 sq. ft. shopping mall inside the gates and promises final handover by December 31, 2030.

Prestige Falcon City Chennai (Medavakkam, East)


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Prestige Falcon City is a massive township development located on the high-growth Medavakkam–Sholinganallur Road.

  • The Space: Covers a vast 23 acres of land.
  • The Towers: Features 22 towers rising 14 floors high.
  • The Flats: Houses 2,170 Vaastu-compliant homes in premium 2, 3, and 4 BHK layouts (1,001 to 2,735 sq. ft.).
  • Timeline: Prices start from ₹1.30 Crore to ₹3.54 Crore. Residents gain access to a massive 70,000 sq. ft. clubhouse, with handovers starting December 31, 2031.

Prestige Pallava Gardens (Pallavaram, South)


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Prestige Pallava Gardens is an expansive, fully TNRERA-approved gated township on the Pallavaram-Thoraipakkam Radial Road.

  • The Space: Extends over 21.84 acres of land.
  • The Towers: Holds 21 towers that rise 14 stories high.
  • The Flats: Offers large 2, 3, and 4 BHK formats (1,001 to 2,750 sq. ft.).
  • Timeline: Base prices start at ₹1.20 Crore onwards, with active home handovers beginning in December 2029.

2026 Chennai Portfolio Breakdown and Pricing


Prestige’s 2026 pre-launch pricing ranges from ₹72 Lakhs for compact northern homes up to Rs. 4 Crores onwards for the premium southern layouts. Every project uses advanced concrete frameworks all over the towers ranging from 14 to 22 stories, that maintains 75% to 80% of the open space.

2026 Pre-Launch Pricing Table


Project Name Location Corridor Unit Configurations Saleable Area Range Base Pre-Launch Price
Prestige Palm Court Madhavaram (North) 1, 2, & 3 BHK 617 – 1,887 sq. ft. ₹72 Lakhs to ₹1.99 Crore
Prestige Park Street Velachery (South) 3, 4, & 4.5 BHK 2,280 – 4,288 sq. ft. From Rs. 4 Crores Onwards
Prestige Falcon City Medavakkam (East) 2, 3, & 4 BHK 1,001 – 2,735 sq. ft. ₹1.30 Crore to ₹3.54 Crore
Prestige Pallava Gardens Pallavaram (South) 2, 3, & 4 BHK 1,001 – 2,750 sq. ft. From ₹1.20 Crore Onwards

The Value Premium: These properties command higher market values because of their certified zero-wall-sharing layouts and low density. Standard blocks share side walls that pass noise between flats. Prestige structurally detaches neighboring units for total acoustic privacy. This design also improves natural airflow, which lowers long-term AC power bills.

Logistics, Transit Nodes, and Road Infrastructure


Every project in this 2026 portfolio sits directly on a primary state highway or major link road. This gives fast vehicular access as well as skips crowded side streets.

[ Primary Transit Arteries: GNT Road (NH-5) | Velachery Main Road | Radial Road ]

                                │

     ├──► Madhavaram Axis ───────┼─► Madhavaram Metro / Moolakadai Flyover (5-10 Mins)

     ├──► Velachery Axis ────────┼─► Velachery Rail Link / Guindy Metro (1-8 Mins)

     └──► Radial Road Corridor ──┼─► Chennai International Airport (14 Mins via GST)

Critical Infrastructure Connections:

  • Metro Stations: Located close to the upcoming Phase 2B of the Metro Blue Line extension and the main Madhavaram Phase 2 transit hub.
  • Arterial Links: Connects seamlessly to 100 Feet Road, Taramani Link Road, GST Road, and the Medavakkam–Sholinganallur Road.
  • Civil Upgrades: Aligns directly with major upgrades like the proposed T-Shaped Flyover and the circular roundabout at the Velachery Main Road junction.
  • Economic Hubs: Offers short commute times to top tech parks, including TIDEL Park, Ascendas IT Park, and Olympia Tech Park.

Strategic Investment Pros and Cons


The Pros

  • Higher Gains: Offers a projected 20% to 30% higher capital appreciation and rental yield than local projects. This is driven by high UDS shares and premium mixed-use features.
  • Lifestyle Assets: Includes massive amenities like inside-the-gate malls, giant clubhouses, and sports zones that protect property value during market dips.
  • Zero Construction Risk: Strong corporate backing keeps material costs fixed as well as removes the risk of stalled building work.

The Cons

  • High Entry Cost: A minimum baseline price of Rs. 4 Crores for south-zone units which needs a large upfront budget.
  • Locked Liquidity: Deep high-rise foundations shows that longer building timelines. Buyer capital remains tied up over a four-year window until handovers take place between 2029 and 2031.

FAQs


1. What is the exact address of the Prestige Park Street project?

The project is at 140, Velachery Road, Velachery, South Chennai, Tamil Nadu 600042. It sits just 800 meters (a 1-minute walk) from the Velachery Residential Railway Station.

2. When will construction begins on these 2026 high-rises?

Active building work for the flagship Velachery towers starts on October 25, 2026, right after the official launch on October 05, 2026.

3. How much deposit is needed for the Expression of Interest (EOI)?

The refundable EOI priority booking deposits of the units are

  • 3 BHK layouts: ₹10 Lakhs
  • Standard 4 BHK units: ₹15 Lakhs
  • Ultra-premium configurations: ₹20 Lakhs

4. Which bank handles the collection of the escrow accounts for bookings?

All official pre-launch booking funds go securely through ICICI Bank, Velachery Branch, under separate project collection accounts like the Prestige Park Street Collection A/c (IFSC: ICIC0000385).

5. What is the design layout of the Madhavaram project?

Prestige Palm Court features 5 high-rise towers with a 2 Basements + Stilt + 22 Floors layout across 7.98 acres, keeping 75% to 80% of its land area for open parks.

6. How do the possession timelines compare across these projects?

Prestige Pallava Gardens: Handovers start in December 2029.

  • Prestige Park Street: Slated for completion in October 2030.
  • Prestige Palm Court: Slated for completion in December 2030.
  • Prestige Falcon City: Key handovers for this large township start on December 31, 2031.

Prestige Park Street Blog


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