Prestige Upcoming Apartments in Velachery

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Prestige upcoming apartments in Velachery, Chennai, are premium new homes built in one of the best areas of South Chennai. These luxury housing projects are launching now because many families working in the nearby OMR and GST Road IT corridors want premium homes close to their offices. Prestige Group is a highly trusted national developer, and they are building premium 1, 2, 3, and 4 BHK options across this micro-market. Property prices in this mature neighborhood range from ₹9,000 to ₹16,000 per sq. ft., and rental yields are very strong at 3.5% to 4% every year.

Complete Guide to New Prestige Launches in Velachery, Chennai


Prestige Park Street


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Prestige Park Street, built by Prestige Group, is a new premium apartment project located at 140 Velachery Road in South Chennai on 5 acres of land. This high-end project keeps 80% of the land open for green parks, clean air, and beautiful city views. It has 2 tall towers with 30 floors each and offers 480 luxury homes. You can choose from easy 1, 2, and 3 BHK flat options. The home sizes range from 685 sq. ft. to 1,650 sq. ft. Prices start from ₹85 Lakhs and go up to ₹1.98 Crore. The project started its first booking stage in December 2025. The local Tamil Nadu RERA number is coming soon, and you can move in by October 31, 2030.

  • 1 BHK: 685 sq. ft. — ₹85 Lakhs onwards
  • 2 BHK: 845 sq. ft. — ₹1.31 Crore onwards
  • 3 BHK Premium: 1,650 sq. ft. — ₹1.98 Crore onwards

Prestige Pallavaram Gardens


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Prestige Pallavaram Gardens, built by Prestige Group, is a new luxury township located on Pallavaram Radial Road and spread across 21.84 acres of land. This premium project offers over 80% open space with green landscapes and premium city views, positioned exactly 8.5 km away from Velachery. It has 21 tall towers with 14 floors each and includes around 2,069 luxury apartments. The homes come in 2, 3, and 4 BHK options. The apartment sizes range from 1,001 sq. ft. to 2,750 sq. ft. The price range starts from ₹1.20 Crore and goes up to ₹3.25 Crore. The project was launched in July 2025, the RERA approval number is TN/35/Building/0224/2025, and possession is expected by December 2029.

  • 2 BHK Regular: 1,001 sq. ft. — ₹1.20 Cr onwards
  • 3 BHK Regular: 1,550 sq. ft. — ₹1.80 Cr onwards
  • 4 BHK + Maid's: 2,750 sq. ft. — ₹3.25 Cr onwards

Prestige Medavakkam


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Prestige Medavakkam, built by Prestige Group, is a massive premium township located at Medavakkam Junction and spread across 26 acres of land. This upcoming project offers vast green spaces with modern lifestyle facilities and structural layouts, situated just 7.2 km away from Velachery. It features high-rise modern residential towers bringing fresh global architecture to the growing micro-market. The homes come in comfortable 2 and 3-BHK options. The apartment sizes and basic cost brackets are currently kept under flexible pre-launch conditions. The project is scheduled for early phase bookings in 2026, the RERA approval is in process, and possession is expected within 3.5 to 4 years post-launch.

  • 2 BHK Luxury: Sizes on Request — Premium Pre-Launch Pricing
  • 3 BHK Signature: Sizes on Request — Premium Pre-Launch Pricing

Prestige Perumbakkam


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Prestige Perumbakkam, built by Prestige Group, is a modern gated community located close to the Elcot SEZ zone and spread across 15 acres of land. This ongoing mid-segment project offers highly functional Vaastu-compliant homes with excellent cross-ventilation, located only 9.8 km away from Velachery. It features multiple residential towers designed to accommodate over 1,500 premium units. The homes come in balanced 2, 3, and 4 BHK options. The apartment sizes range from 900 sq. ft. to 1,600 sq. ft. The price range starts from ₹76.5 Lakhs and goes up to ₹1.68 Crore. The project was introduced to the market in 2024, the RERA approval number is TN/29/BUILDING/0002/2024, and possession is expected by 2029.

  • 2 BHK Comfort: 900 sq. ft. — ₹76.5 Lakhs onwards
  • 3 BHK Elegant: 1,600 sq. ft. — ₹1.68 Cr onwards

Prestige Courtyards


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Prestige Courtyards, built by Prestige Group, is a premium ready-to-move apartment project located right off Old Mahabalipuram Road (OMR) in Sholinganallur and spread across 11.32 acres of land. This low-rise residential project offers 70% open spaces with expansive connected courtyards and dedicated vehicular-free walkways, situated around 11.5 km away from Velachery. It has 11 blocks with Basement + Ground + 3 floors and includes 548 neo-urban homes. The homes come in 1, 2, and 3 BHK options. The apartment sizes range from 599 sq. ft. to 1,834 sq. ft. The price range starts from ₹44.5 Lakhs and goes up to ₹1.40 Crore. The project completed construction with immediate move-in availability, holds full official approvals, and delivers stable 3.5% rental asset returns.

  • 1 BHK Smart: 599 sq. ft. — ₹44.5 Lakhs onwards
  • 2 BHK Standard: 1,237 sq. ft. — ₹83 Lakhs onwards
  • 3 BHK Luxury: 1,834 sq. ft. — ₹1.40 Cr onwards

Definitive Cost Sheet for Prestige Upcoming Apartments in Velachery Price


The Prestige upcoming apartments in Velachery price list is simple to understand and changes based on the size and type of flat you buy. Buying a home here is a smart choice because property values in Chennai are growing quickly every single year.

Price and Size Breakdown Table

Project Name Apartment Configuration Unit Sizes (Sq. Ft.) Base Starting Prices
Prestige Park Street 1 BHK Smart 685 ₹85 Lakhs onwards
Prestige Park Street 2 BHK Standard 845 ₹1.31 Crore onwards
Prestige Park Street 3 BHK Premium 1,650 ₹1.98 Crore onwards
Prestige Velachery JV 2 BHK Comfort 1,100 – 1,300 ₹90 Lakhs – ₹1.10 Cr
Prestige Velachery JV 3 BHK Signature 1,500 – 1,800 ₹1.30 Cr – ₹1.60 Cr
Prestige Velachery JV 4 BHK Elite 2,200 – 2,800 ₹2.00 Cr – ₹2.50 Cr

Strategic Infrastructure and Neighborhood Highlights


Velachery is a prime place to live in South Chennai because it sits close to top schools, large markets, and key train lines. Living here means you spend less time on the road and more time enjoying life with your family.

  • Fast Travel: The area connects straight to Guindy Metro Station, Velachery MRTS station, and GST Road, while the Chennai Airport is just 14 minutes away by car.
  • Close to Offices: Working people can drive to the Taramani IT hub, OMR offices, and Guindy Industrial area in 5 to 15 minutes.
  • Fun Shopping: You live just 5 minutes away from Phoenix Marketcity Mall, which has top clothing brands, food courts, and movie theatres.
  • Good Hospitals: Top medical care is just a minute away at Velachery Apollo Clinic, MIOT Hospital, and SRM Medical Centre.

FAQs


1. What is the starting price for the Prestige Park Street project in Velachery?

The starting price for a 1 BHK flat at Prestige Park Street is ₹85 Lakhs for a 685 sq. ft. unit.

2. Have these new Prestige housing projects received full RERA approval?

The builders have sent all layout plans to the government office, so the official RERA numbers are being processed now and will arrive before the main building work starts.

3. When can buyers move into their new flats at Prestige Park Street?

You can expect to get the keys and move into Prestige Park Street by October 31, 2030.

4. Why is the Prestige-Arihant project a good option for property investors?

It is a great choice because it sits right on the 100-Ft Bypass Road, gives high rental income, and has a big brand name behind it.

Prestige Park Street Blog


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