Prestige apartment projects Velachery cost

Published On: 15 June 2026

The base cost for an apartment at Prestige Park Street in Velachery currently starts from Rs 1.55 Crores for a 3 BHK, with the larger 4 BHK and 4 BHK + Family Room layouts offered on a Price on Request basis. Because this 3.48-acre project at 140 Velachery Road is in its early 2026 pre-launch phase, these are the lowest entry prices the developer will offer before heavy construction forces the rates up. To plan your budget accurately for the final October 2030 handover, you need to look past the basic marketing numbers and calculate the total out-of-pocket expenses.

Base Price Breakdown by Unit Size

The basic cost of your apartment is tied directly to the total square footage and the specific floor plan you choose. The current per-square-foot rate sits between Rs 12,000 and Rs 15,500 depending on the height of the floor and the view.

3 BHK (2,280 sq ft): Starts at Rs 1.55 Crores. This is the lowest entry point into the project and is highly sought after by buyers who want a premium address at the most accessible price in the development.
4 BHK (3,024 sq ft): Price on Request. This is the standard large-format size designed for growing families and forms the bulk of the property.
4 BHK + Family Room (4,288 sq ft): Price on Request. This layout offers the most space in the project and sits firmly in the premium bracket for buyers who want maximum space.

Mandatory Additional Charges and Taxes

The advertised base price only covers the cost of the bare structure. You must factor in several mandatory additional costs before arriving at the final price of the property.

First, you need to budget for the Tamil Nadu government stamp duty and registration charges, which must be paid at the time of executing the property papers. Second, you will be billed for GST, a mandatory clubhouse membership fee to use the amenities, water and electricity infrastructure connection charges, and the allotment cost for your covered car parking slot. You should demand a complete, itemized cost sheet from the sales desk to see these numbers clearly before paying a booking token.

Construction-Linked Payment Schedule

You do not need to pay the entire cost upfront. Prestige Group uses a standard construction-linked payment plan that spreads your financial commitment across the four-year construction timeline.

To book your apartment today, you pay a small initial token advance. Within a few weeks, you will need to bring your total payment up to 10 percent of the agreement value to officially sign the sale contract. The remaining 90 percent is broken into small installments tied directly to physical construction milestones on the four towers (A, B, C & D). You only pay the next percentage when the builder completes specific stages, such as finishing the foundation, casting the basement, or pouring the concrete for your exact floor.