Prestige Group Launches ₹3,350 Crore Residential Project in Chennai

Prestige Group, one of India’s most prominent real estate developers, has announced the launch of a major residential project in Chennai: Prestige Pallavaram Gardens. This ambitious development is part of the company’s strategic effort to strengthen its footprint in South India’s dynamic property market. With a focus on superior connectivity, thoughtful design, and high-end amenities, the project is expected to attract significant interest from urban homebuyers in the city.

A Landmark Development 

Located on the Pallavaram-Thoraipakkam radial Road, the new project spans 21.84 acres and includes 2,069 premium apartments in 2, 3, and 4 BHK configurations. The total saleable area is 3.1 million square feet, and the project carries a Gross Development Value (GDV) of ₹3,350 crore.

A key highlight is the 65,000 sq. ft. clubhouse featuring two swimming pools, wellness and fitness zones, and multiple recreational spaces, designed to offer an elevated lifestyle to residents of all age groups. The location ensures excellent connectivity to Chennai’s commercial hubs, IT parks, educational institutions, and healthcare facilities, making it a highly strategic and desirable address.

Leadership Vision and Chennai Growth Strategy

Speaking on the launch, Mr. Irfan Razack, Chairman & Managing Director, Prestige Group, said: “Chennai has emerged as one of the most dynamic real estate markets in South India, and we are delighted to strengthen our presence here. Prestige Pallavaram Gardens is a testament to our belief in the city’s growth trajectory and our continued pursuit of building landmark communities. We see this as the beginning of a broader expansion strategy that will unlock value across new micro-markets in Chennai.

With its strategic location, thoughtful master planning, and comprehensive amenities, Prestige Pallavaram Gardens is well-positioned to meet the evolving aspirations of today’s urban homebuyers in Chennai.”

This development marks an important step in Prestige Group’s Chennai expansion strategy. With a strong track record of delivering 302 projects covering 193 million square feet and a pipeline of 130 projects spanning 203 million square feet, the company continues to build landmark projects across India's top cities.

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Prestige Estates Share Price Performance 

As of 01 July 2025, 11:54 AM, Prestige Estates shares are trading at ₹1,633.50 per share, a decline of 1.44%. Over the past month, the stock has surged by 7.24%. 

Conclusion

Prestige Pallavaram Gardens reflects the group’s long-term commitment to innovation and excellence in residential real estate. With its scale, location, and design quality, the project is expected to become a model for future urban residential communities in Chennai and beyond.

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