Prestige Park Street RERA Approval Status

Prestige Park Street is a housing project by Prestige Group. The address is 140, Velachery Main Road, Velachery, Chennai, Tamil Nadu 600042. The location connects well with Guindy (3.9 km), Taramani (3.2 km), and Pallikaranai (5.9 km), ensuring quick travel to key places.

The project is a top-notch development in South Chennai. The total area of the project is approximately 3.48 acres. It includes 4 towers (A, B, C & D). These towers host a total of approximately 252 premium units. The project boasts a generous open-space ratio. This adds to the efficiency of the building footprint. It adorns 4 Vaastu-compliant towers with 2 Basements + Ground + 18 upper floors.

• Towers A, B, C & D - each built with a B2 + B1 + Ground + 18-floor structure.
• Total Units - approximately 252 premium homes across the four towers.

The pre-launch phase started in December 2025. The official launch date is set as 05 October 2026. Pre-launch bookings are open now. Active building work will start on 25 October 2026. The time to build this project is four years. The completion date is 25 October 2030. The final possession date is 31 October 2030.

The luxury homes come in 3 & 4 BHK layouts. Floor sizes vary from 2,280 to 4,288 sq ft. Here are the size details and starting price quotes of the project

• 3 BHK: 2,280 to 2,435 sq ft, starting from ₹4 Crores onwards.
• 4 BHK: 3,024 sq ft, available on a Price on Request basis.
• 4 BHK + Family Room: 4,288 sq ft, available on a Price on Request basis.

RERA is a government body. It was set up under the Real Estate Act, 2016. It regulates the market and protects home buyers. Its main goal is to bring clarity, fairness, and trust to the market. It ensures a simple path for buyers and builders. Approved projects offer safety. They guarantee fixed delivery dates, fair costs, and clear rules. Under this law, you can ask for a refund if the builder breaks the rules.

The upcoming RERA code for this Chennai project brings key benefits:

• Full Clarity: The law forces builders to upload all records. They must share land deeds as well as local permits. Buyers get clear facts from one secure source.
• Fixed Sizes: Developers must use a standard rule to calculate carpet area. You know the exact usable space you pay for. This creates fair pricing.
• On-Time Keys: The completion date on the state portal is a strict rule. The builder must hand over the flats on time. This helps you plan your cash.
• Strong Protection: Buyers can file quick complaints if there is any issues arise. The board takes fast action against false ads or any unfair price hikes.

Once the registration is live, buyers can log into rera.tn.gov.in. Search for the project name to cross-check with

• The approved master layout for the approximately 3.48-acre estate.
• Tower plans as well as total floor counts.
• The exact carpet area for every 3 & 4 BHK flat.
• The legal possession date of 31 October 2030.
• Background checks on the Prestige Group.
• Copies of local approvals and land titles.

The Expression of Interest (EOI) will start soon. The builder will give priority to buyers who submit the EOI form. Cheques are accepted. You need your Aadhar Card and PAN Card to book.

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

• 3 BHK: ₹10 Lakhs
• 4 BHK: ₹15 Lakhs
• 4 BHK + Family Room / 4.5 BHK + Study: ₹20 Lakhs

• Pros: Low-density high-rise with approximately 252 homes and a generous open-space ratio for good cross-ventilation. Amenities include a clubhouse, gym, spa, pool, and mini theatre. Located near the upcoming Phase 2B of the Metro Blue Line, IT hubs, and the airport. Layout plans cannot be changed without buyer consent.
• Cons: The project is in the pre-launch stage. The formal RERA number is currently being processed. Physical tower excavation starts only after 25 October 2026.