Prestige Park Street New Launch

Published On: 6 July 2026

The official new launch date for Prestige Park Street in Velachery, South Chennai, is October 5, 2026, introducing a highly anticipated premium residential development to the city's real estate market. The well-known Prestige Group is building this property at 140, Velachery Road, Chennai (600042). The project spread over about 3.48 acres of land. Right now, pre-launch bookings are open. This means you can get a home before major building work begins on October 25, 2026.

Home Sizes and Prices

The project features 252 luxury apartments. Buyers can pick from the luxurious 3 BHK, 4 BHK, 4.5 BHK, and 4 BHK + Family Room options. Prices start at Rs. 4 Crores. The design consists of four towers named A, B, C, and D. These towers follow Vaastu guidelines. Each tower will have two basements, a ground floor, as well as 18 upper floors, standing nearly 66 meters tall.

Here is a breakdown of the home sizes and prices:

3 BHK Homes: 2,280 to 2,435 sq ft. Prices start at Rs. 4 Crores.
4 BHK Homes: 3,024 to 3,320 sq ft. Price available on request.
4.5 BHK + Study: 3,797 sq ft. Price available on request.
4 BHK + Family Room: 4,288 sq ft. Price available on request.

Why is the Location Great?

Living at 140, Velachery Road means you are close to everything. A short drive takes you to top business areas, big IT hubs, and the Chennai Airport. The project is very close to key spots like Taramani (3.2 km), Guindy (3.9 km), and Pallikaranai (5.9 km). In the future, travel will be even easier thanks to the nearby Phase 2B of the Metro Blue Line. This makes it a perfect home for working professionals.

Project Design and Amenities

The builder has kept a massive 80% of the land as open space. The design uses smart airflow to keep the whole area naturally cool. Residents will enjoy more than 45 world-class amenities. These include a large clubhouse, a health spa, a modern gym, a swimming pool, and a private mini-theater. With so much open space and only 252 homes, the community will feel peaceful and uncrowded.

Pros and Cons for Buyers

The biggest advantage is the peace and quiet. With a low number of homes in a prime location, you get plenty of personal space. You also benefit from smart room designs, Vaastu compliance, as well as the Prestige Group’s strong reputation.

The main drawback is the high cost of the project. A starting price of Rs. 4 Crores makes it a tough choice for many budgets. Also, the project is still waiting for its official RERA (Real Estate Regulatory Authority) number from the state. Buyers have to accept this waiting period before heavy building work starts on the site.

Is it a Good Investment?

Experts say this project is a smart investment in 2026. Central Velachery has very little empty land left for large projects. Demand is very high from IT workers in the nearby OMR and Taramani areas who want luxury, gated homes. By booking early through an Expression of Interest (EOI), you can lock in a lower starting price. Property values will likely climb as the builder hits new goals over the next four years. Handover is scheduled for October 31, 2030.

How to Book Early (EOI)

To book your spot early, you need to pay a deposit based on the home size you want. You also need to submit copies of your PAN Card and [Aadhaar Redacted]. The builder accepts bank cheques made out to the project’s secure account.

Here are the early booking deposits of the units.

3 BHK Homes: Rs. 10 Lakhs
4 BHK Homes: Rs. 15 Lakhs
4.5 BHK & Larger: Rs. 20 Lakhs

Banking Details:

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

FAQs

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

The official new launch date for the project is October 5, 2026, which has active construction set to begin just after on October 25, 2026.

2. What is the total land area and unit density of the project?

The project covers a total land area of approximately 3.48 acres and features a highly exclusive, low-density layout containing only 252 luxury apartments.

3. What are the starting prices for the apartments?

Pricing for the luxury homes starts at Rs. 4 Crores onwards for the 3 BHK configurations, while pricing for the larger 4 BHK and 4.5 BHK variants is available upon request.

4. What is the scheduled completion and possession date?

The physical construction of the project is scheduled for a four-year completion timeline ending on October 25, 2030, with final handovers as well as buyer possession set for October 31, 2030.

5. Is the project RERA approved?

The project is at present awaiting its final regulatory approval from the Tamil Nadu Real Estate Regulatory Authority (TNRERA), and the official RERA registration number will be published fast upon formal issuance.