Prestige Park Street Launch Date

Published On: 6 July 2026

The official launch date for Prestige Park Street is October 5, 2026. This date marks the shift from early planning to the full development. The luxury housing project is carefully designed over 3.48 acres on 140 Velachery Road in Chennai. At present, the buyers can book homes at the time of special early booking window.

After the October launch, heavy building work will start on October 25, 2026. The builder plans a strict four-year construction timeline. They expect to finish all building work as well as hand over the keys to owners by the October 31, 2030.

The project follows a set plan to deliver all 252 luxury homes on time:

December 2025: Early-bird bookings and deposits begin.
October 5, 2026: Official project launch as well as formal contract signings.
October 25, 2026: Construction machinery arrives and digging starts.
October 25, 2030: Workers finish building all four housing towers.
October 31, 2030: Final key handover and also resident move-in day.

Early Booking Details and Costs

Early bookings are open right now. This allows you to hold a specific home before the general public can buy them. For securing the spot, you must share your PAN card, basic government identity card, as well as a deposit check.

The deposit amounts depend on the size of the home you choose:

3 BHK Homes (2,280 to 2,435 sq ft): You pay a ten lakh rupee deposit. Prices start at four crore rupees.
4 BHK Homes (3,024 to 3,320 sq ft): You pay a fifteen lakh rupee deposit. Full prices are given when you ask.
4.5 BHK with Study (3,797 sq ft): You pay a twenty lakh rupee deposit. Full prices are given when you ask.
4 BHK with Family Room (4,288 sq ft): You pay a twenty lakh rupee deposit. Full prices are given when you ask.

Secure Bank Details for Booking Payments

All early deposits go into a safe as well as project-specific escrow account. This protects your money before the building work begins.

You must write your checks using these exact bank details.

Account Name: Prestige Park Street Collection Account
Bank Name: ICICI Bank
Branch Location: Velachery in Chennai - 600042
Bank Code (IFSC): ICIC0000385

Current Government Approval Status of the Project

The project is now waiting for its official registration number from the state real estate regulatory authority. The builder has already sent in all building plans, engineering charts, as well as green clearances for final review. The official approval number will be added to the paperwork as soon as it gets. But the actual building work starts on October 25, 2026, these final approvals are on full track to match the construction timeline.

Buying Early: The Pros and Cons

Buying a home during the early phase offers great financial perks, but you should also think about the timeline.

Major Benefits

Lower Initial Prices: The three-bedroom starting price of four crore rupees is the lowest rate. Prices will likely go up after the official October launch.
Best Choice of Homes: Early buyers get first pick of the best floors, tower locations, and views across the large green spaces.
Future Value Growth: Buying now means your property value can grow as the new Metro Blue Line opens right next to Velachery Road.

Key Considerations

Waiting Period: Your money is tied up all during the four-year building phase till the final possession in October 2030.
Approval Timing: You can hold a home now, but you can only sign the formal sale contract after the final state registration number is issued.

The official launch happens on October 5, 2026. Heavy building work starts on October 25, 2026, and finishes on October 25, 2030. Homeowners will get their keys on October 31, 2030.

Deposits are ten lakh rupees for a three-bedroom home, fifteen lakhs for a four-bedroom home, and twenty lakhs for the largest layouts. You pay these deposits to the Prestige Park Street Collection Account at ICICI Bank, Velachery Branch. The project is waiting for its state approval number right now. Homes range from 2,280 to 4,288 square feet, and three-bedroom choices start at four crore rupees.

FAQs

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

The official launch date for this elegant project is 05 October 2026. It is followed by the first pre-launch booking phase that opened in December 2025.

2. When will construction begin on the project site?

On-site structural construction is set to officially commence on 25 October 2026, exactly twenty days after the formal launch.

3. What are the scheduled completion and final possession dates?

The structural construction is set to be completed within four years on 25 October 2030. The final handover of possession to buyers on 31 October 2030.