Prestige Park Street Rent

Last updated: 31 July 2026

Prestige Park Street rent price starts from around Rs 60,000 per month for a 3 BHK apartment. It can go up to Rs 95,000 or more for a 4 BHK home. These are expected rents at possession, based on unit size, floor, and furnishing. The project offers 3 and 4 BHK apartments in Velachery, Chennai, with sizes from 2,280 to 4,288 sq ft.

Rental units will only open up once possession begins on 31 October 2030. Actual rent will move with apartment size, furnishing, floor, and market demand at that time. The quoted rent also covers monthly maintenance charges. Tenants pay extra for power, water, and club usage as per society rules and lease terms.

Prestige Park Street sits 3.2 km from Taramani and 3.9 km from Guindy, two of Chennai's major IT corridors. This closeness is expected to draw both tenants and investors working in these hubs.

Expected Rent of Apartments at Prestige Park Street

Unit Type	Size Range (Sq. Ft.)	Expected Monthly Rent (Including Maintenance)
3 BHK	2,280 – 3,000	Rs 60,000 – Rs 75,000
4 BHK	3,000 – 4,288	Rs 80,000 – Rs 95,000+

These rental values are estimates based on current rental trends in premium home areas of Chennai. Actual rent will shift with market conditions at the time of possession.

What is Rent?

Rent is the amount a tenant pays to stay in a property owned by another person. The owner earns monthly rental income. The tenant gets the right to use the apartment for a set time under a rental agreement.

Many buyers purchase homes in large residential projects as an investment. They rent these homes to working professionals, families, or office tenants. This creates a steady stream of monthly income.

Current Rental Trends in Velachery

In 2026, a 1 BHK apartment in Velachery rents from around ₹20,000 up to ₹27,000 per month. A 2 BHK usually starts from ₹32,000 and above.

The most sought-after homes in the area are 2 and 3 BHK apartments. 3 BHK units typically rent between ₹40,000 and ₹70,000 per month. Large 4 BHK apartments also see demand and command premium rates from ₹80,000 to ₹1.5 Lakhs per month.

Rental values shift based on the project, location, apartment size, and nearby facilities. Furnishing status also affects the rent. Unfurnished apartments usually cost less to rent, while semi-furnished and fully furnished homes earn higher rents.

Maintenance charges are usually billed separately, based on the amenities in the community.

Current Rental Trends in Chennai

Chennai has seen steady growth in rental demand over the past few years. Areas with good connectivity, modern infrastructure, and premium housing projects usually command higher rents.

Currently, 3 BHK units in leading home communities rent between Rs 50,000 and Rs 75,000 per month. Premium 4 BHK apartments often rent above Rs 80,000, depending on the area and amenities.

Prestige Park Street offers spacious homes and premium facilities. Its rental values are expected to stay competitive within the Chennai market.

Why Prestige Park Street Has Strong Rental Potential

Prime Location

The project sits in a well-connected part of Chennai. Residents get easy access to schools, hospitals, shopping centres, offices, and entertainment spots. Such areas usually see strong tenant demand.

Premium Apartment Sizes

Large apartment types stand out as a key benefit here. Families looking for spacious homes often prefer bigger living areas and modern layouts.

Modern Amenities

The project is expected to include a clubhouse, swimming pool, fitness centre, landscaped gardens, kids' play areas, and sports facilities. These amenities make the property attractive to tenants.

Trusted Builder

Prestige Group is one of India's established real estate developers. Their track record in construction and delivery builds tenant trust and supports steady rental demand.

High-Quality Construction

The apartments feature modern specs and efficient layouts. Good construction quality often leads to better rental returns and fewer maintenance worries.

Rental and Lease Options

Rental Agreement

A rental agreement usually runs for a short period, like 11 months. You can renew it once it ends. The tenant pays rent every month and covers maintenance when needed.

Lease Agreement

A lease agreement differs since it runs for a fixed, longer period. Both parties agree on the terms and must follow them.

Many families prefer a lease agreement since it secures a home for the long term. This gives families a sense of security and stability.

Expected Rental Yield at Prestige Park Street

Rental yield shows the annual rent you earn as a percentage of the property price. At Prestige Park Street, the expected rental yield for a 3 BHK unit works out to roughly 1.8% to 2.3% per annum on the starting price of ₹4 Crore. This is a projection based on current premium-segment trends in South Chennai, not a guarantee. Confirm yield estimates with a qualified financial advisor before you invest.

Benefits of Renting a Home at Prestige Park Street

Living in Prestige Park Street offers many benefits. Residents get premium amenities, secure gated living, spacious homes, landscaped surroundings, and easy connectivity across Chennai.

The project promises a comfortable lifestyle suited to families, working professionals, and senior citizens.

Prestige Park Street Highlights

Field	Value
Project Type	New Launch Apartment Project
Total Land Area	3.48 Acres
Location	Velachery, South Chennai
Builder	Prestige Group
Launch Date	05 October 2026
Unit Variants	3 and 4 BHK Apartments
Starting Price	Rs 4 Crore Onwards
Total Units	Approximately 252 Apartments
RERA Status	Pending
Towers	4 Towers (A, B, C, D)
Structure	B2 + B1 + G + 18 Floors
Possession	31 October 2030

For rental investors, these highlights show a 3.48-acre, 4-tower project in Velachery with 3 and 4 BHK homes from 2,280 to 4,288 sq ft. Expected rents range from Rs 60,000 to Rs 95,000+ per month, with a clear possession timeline of 31 October 2030.

FAQs

1. What is the expected rent of a 3 BHK apartment in Prestige Park Street?

A 3 BHK apartment is expected to rent between around Rs 60,000 and Rs 75,000 per month, including maintenance. Actual rent will depend on furnishing, floor, and market demand at possession.

2. When will rental apartments be available in Prestige Park Street?

Rental units will be available after the project is completed, with possession expected to start around 31 October 2030.

3. Which apartment type is expected to have the highest rental value?

4 BHK apartments are generally expected to command higher rental values, due to their larger size and premium features compared to the 3 BHK layout.

4. Is Prestige Park Street a good project for rental investment?

The project's location near Taramani and Guindy's IT corridors, along with its 3 and 4 BHK layouts, is expected to support steady rental demand, though actual outcomes will depend on market conditions at possession.

5. What is the starting price of Prestige Park Street?

Prestige Park Street starts at around Rs 4 crore for a 3 BHK apartment, with 4 BHK and 4 BHK + Family Room configurations priced higher based on size.

6. Who is the developer of Prestige Park Street?

Prestige Park Street is developed by Prestige Group at 140, Velachery Road, South Chennai, spanning 3.48 acres across 4 towers.

7. What rental yield can I expect at Prestige Park Street?

A rough illustrative calculation based on the expected 3 BHK rent and starting price works out to approximately 1.8% to 2.3% per annum. This is a simplified projection based on current estimates, not a guaranteed return, and buyers should confirm current figures and consult a financial advisor before making investment decisions.

8. Do tenants pay anything beyond the monthly rent?

Generally, quoted rent covers maintenance, while tenants typically pay separately for power, water, and club usage as per society rules and lease terms.