Prestige Group Expands Chennai Presence with 25-Acre Medavakkam Land Acquisition

Prestige Group has announced the acquisition of a 25-acre land parcel in Medavakkam, Chennai, reinforcing its continued focus on the city’s residential market. 

The site offers significant development potential and aligns with the Group’s strategy of creating large-scale, well-planned projects in locations supported by improving infrastructure and steady housing demand.

Details of the Land Acquisition

The newly acquired parcel in Medavakkam spans 25 acres and offers an estimated development potential of around 5 million square feet. 

The proposed project is expected to be a large-format residential development, consistent with Prestige Group’s approach to scale-led planning and phased execution.

Revenue Potential and Project Outlook

The development is estimated to have a top-line revenue potential of over ₹5,000 crore. While the project configuration and launch timelines have not yet been disclosed, the Group has indicated that further details will be shared at a later stage.

Medavakkam as a Residential Micro-Market

Medavakkam has emerged as a key residential pocket in Chennai, supported by its proximity to the OMR IT corridor, improving road networks and proposed metro connectivity.

The area offers relatively affordable housing options along with growing social infrastructure, contributing to sustained residential demand.

Execution Standards and Next Steps

The project will be planned and executed in line with Prestige Group’s established benchmarks for design quality and delivery schedules. 

The company has stated that specific details regarding layout, phases and timelines will be announced in due course.

Company Profile and Recent Market Performance

As of September 2025, the Group has completed over 300 projects and maintains a substantial ongoing and planned development pipeline. Prestige Estates Projects Limited’s shares were trading around ₹1,599 on 23 December 2025, reflecting routine market movements.

Read More: Ambuja Cement Share Price in Focus as ACC and Orient Cement Merger Gets Board Approval.

Conclusion

The Medavakkam acquisition represents a measured expansion of Prestige Group’s Chennai portfolio.

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