Project Type
Luxury apartment township
Project Overview
Prestige Velachery is a brand-new luxury residential apartment project located in Velachery, South Chennai, for ultra-luxury living. Set on 3.48 acres, the project features 252 luxury flats across 4 high towers with B2 + B1 + Ground + 18 floors.
Homebuyers can choose from variable size options that include 3, 4, and 4.5 BHK flats. The size range of the luxury flats in this project varies from 2280 sq ft to 3797 sq ft. Prestige Velachery prices start at ₹4 crore for 3 BHK onwards.
Project Status
- Currently, the project is waiting for TNRERA approval
- Launch is on 5 October 2026
- The project is in the pre launch stage right now.
| Parameter | Details |
|---|---|
| Project Name | Prestige Velachery |
| Developer | Prestige Group (Prestige Estates Projects Ltd, Est. 1986) |
| Project Type | Low-Density High-Rise Apartments |
| Location | 140, Velachery 100 Ft Road, Velachery, South Chennai 600042 |
| Exact Coordinates | 12.990651° N, 80.219555° E |
| RERA Status | Awaiting |
| Pre-Launch Date | Dec 2025 (completed — initial market intro) |
| Launch Date | 5 October 2026 |
| Construction Commencement | 25 October 2026 |
| Completion Date (developer-stated) | 25 October 2030 |
| Possession Date (developer-stated) | 31 October 2030 |
| Project Status | Pre-launch bookings open |
Outstanding Connectivity with Ultimate Location:
Prestige Velachery, popularly known as Velachery, is located in a leading area of the Chennai city that links to major IT hubs and also has a good metro access. The project site is well connected to Race Course Road, and Five Furlong Road.
Based on road maps and the recent traffic data, here are the main distances:
| Destination | Distance | Time |
|---|---|---|
| Taramani (IT corridor) | 3.2 km | ~5 min |
| Guindy | 3.9 km | ~8 min |
| Pallikaranai | 5.9 km | — |
| TIDEL Park / Ramanujan IT City | 4.1 – 4.5 km | — |
| Chennai Airport | 7.3 km | ~14 min via GST Road |
USPs: Why should you buy a luxury apartment in Prestige Velachery?
The apartment project offers the best Unique Selling Points (USPs) which makes it one of the top-selling apartment pre-launches of 2026. With a high 4.9 out of 5 rating, it is the best choice to invest in this new apartment township in the South zone of Chennai.
- 80% Open Space: The project has a huge open space up to 80%, where a big area is assigned for green space and common areas.
- The "Prestige Group" Brand Trust: As the best builder in Chennai, all Prestige Group properties promise a high resale value and promises a good ROI.
- 3.48 acre Township Master Plan: The project spans over 3.48 acres in the master plan. The project has 4 high towers clusters (252 units).
- Royal Clubhouse: The project has a huge royal clubhouse that is equipped with 55+ up-to-date amenities. It includes a garden, party halls, a VR Games room, dance rooms, a café, a sauna, a kids' play area, a pet park, and a spa for the best time.
Apartment Plans: Find Your Perfect Layout
The project offers a varying range of flats in many sizes, and there are the latest designs.
| Configuration | Bed/Toilet Layout | Size Range |
|---|---|---|
| 3 BHK | 3 Bed + 3 Toilets | 2,280 – 2,435 sq ft |
| 4 BHK | 4 Bed + 4-5 Toilets | 3,024 – 3,320 sq ft |
| 4 BHK + Family Room | 4 Bed + Family Room | 4,288 sq ft |
| 4.5 BHK + Study | 4.5 Bed + Study | 3,797 sq ft |
Flexible Payment Plan: Step by Step Procedure for Buying an Apartment
The Prestige Velachery payment structure is designed flexibly in a simple way to suit all buyers in Chennai. The payments are divided into small, easy to pay amounts that are easy for buyers, and it is split to match the progress of the building:
- 10% Booking Amount: To be paid at an early stage at the time of booking any flat.
- 10% Allotment Stage: To be paid by buyers after the signing process of the Agreement of Sale.
- 80% Construction Link: There are 10 flexible milestones that have to be paid as the project goes towards finish time
Construction Linked Payment Plan (CLP):
| Stage | % | Work Milestone |
|---|---|---|
| 1 | 10% | Initial booking amount to fix unit |
| 2 | 10% | Start of construction / signing Agreement of Sale |
| 3 | 10% | Completion of site excavation |
| 4 | 10% | Completion of core plinth level |
| 5 | 10% | Completion of main basement slabs |
| 6 | 10% | Completion of ground floor structural slab |
| 7 | 10% | Completion of upper floors superstructure |
| 8 | 10% | Completion of internal unit flooring |
| 9 | 10% | Completion of internal plumbing installations |
| 10 | 10% | Receipt of Occupancy Certificate / final handover |
Reviews, Ratings and Brochure
Prestige Velachery reviews highlight it as one of the greatest luxury townships in Velachery, and the project has a good rating of 4.9 out of 5. The project has top ratings due to its superb living space in South Chennai with the latest design. Buyers see the luxury flats as the best choice to invest in for a high ROI.
The official Prestige Velachery Brochure comprises all the clear details about the project, towers, floor plan, master plan, and its location over 105 pages. It is a detailed yet simple guide that covers every aspect of the project, and the PDF of this brochure can be downloaded for free.
Prestige Velachery: 2026 Sales & Performance
Prestige Velachery is South Chennai’s best-selling prelaunch of 2026. The township offers the latest designs with low price benefit over other major projects of South Chennai. The site is in the heart of the city, which makes daily travel easier and increases buyer demand.
Prestige Group: Record Sales and Market Leadership
Prestige Group are the best real estate market builder in India since the year 1986. All their projects are in high demand among buyers due to their top quality. They have done 300+ projects so far, which is over 175+ million sq ft. The company has a presence in 13+ major cities to meet all the demands of buyers.
Why Prestige Velachery
Project highlights
"Premium 3.48 acres investment option on Velachery, South Chennai. Entry price of Rs 4 crore* for 3BHK units. Prestige Velachery will be RERA approved soon."
Starting Price
₹4 Crores Onwards
Project Status
Pre Launch
Land Area
3.48 acres
Builder
Prestige Group
Number of Towers
4 towers
Unit Type
3, 4 & 4.5 BHK
Unit Sizes
2,280 – 3,797 sq.ft.
Total Units
252 units
Number of Floors
B2 + B1 + Ground + 18 floors
RERA Number
Awaiting
Possession Date
31 October 2030
Apartment Types and Price
The Prestige Velachery Price starts from ₹4 Crores. Following are the price details for all the flat types,
| Unit Type | Size | Price | Availability |
|---|---|---|---|
| 3 BHK | 2,280 sq ft to 2,435 sq ft | ₹4 Crores onwards | |
| 4 BHK | 3,024 sq ft to 3,320 sq ft | Price on request | |
| 4 BHK + Family Room | 4,288 sq ft | Price on request | |
| 4.5 BHK + Study | 3,797 sq ft | Price on request |
*The price range will alter after the booking process, and the price range depends on factors like floor level, unit facing, tower location, and launch offers.
EOI (Expression of Interest)
| Configuration | EOI Amount |
|---|---|
| 3 BHK | ₹10 Lakh |
| 4 BHK | ₹15 Lakh |
| 4 BHK + Family Room / 4.5 BHK + Study | ₹20 Lakh |
Guide to Prestige Velachery Maintenance Charges:
- Estimated monthly maintenance: ₹5 to 7 per sq ft
- An advance maintenance payment is collected before key handover, funding a society corpus for day-one operations
What do the Maintenance Fees Cover?
The fees will help with all repairs, and the fund assurances that any issues can be addressed quickly. It will help maintain the common area clean. By paying all these fees on time, buyers can keep their common area in the best condition.
Prestige Velachery Comparison with other South Chennai Ongoing PRESTIGE GROUP Projects (2026)
For a clear micro market view point, here is the table that compares Prestige Velachery with milestones across the South Chennai corridors:
| Project | Location | Scale | Configuration | Price |
|---|---|---|---|---|
| Prestige Pallavaram Gardens | Pallavaram | 21.8 acres, 21 towers, 2,069 units | 2/3/4 BHK, 1,001-2,750 sq ft | From ₹1.2 Cr |
| Prestige Palm Court | Madhavaram | 8 acres, 4 towers (19 fl.), 860 units | 1/2/3/4 BHK, 750-3,431 sq ft | From ₹75 Lakh |
| Prestige Windsor Park (ongoing) | Vanagaram | 5.77 acres, 6 towers (B+G+13) | 1/2/3 BHK, from 650 sq ft | RERA: TN/29/Building/0448/2020 |
| Prestige Bella Vista (completed) | Iyyappanthangal | 25 acres, 20 towers, 2,613 units | 1/2/3/4 BHK | ₹52 Lakh - ₹1.87 Cr |
| Prestige Courtyards (completed) | Sholinganallur | 11 acres, 11 towers, 548 units | 1/2/2.5/3 BHK, 599-1,869 sq ft | — |
| Prestige Silver Springs (completed villas) | Sholinganallur | 18 acres, 77 units | 2/3 BHK villas | 2BHK from ₹1.3 Cr; 3BHK from ₹2.88 Cr |
Master plan
Prestige Velachery Master Plan is set over 3.48 acres and is themed to reflect " High-end planning”. It features 4 high towers, each having B2 + B1 + Ground + 18 upper floors. This project is one of the "best luxury projects" in South Chennai.
- Landscaped courtyards, jogging track & sports zones
Master Plan Highlights at a Glance
| Component | Specification |
|---|---|
| Total Land Area | 3.48 Acres |
| Open Space | 80%+ of land area |
| Total Towers | 4 (Towers A, B, C, D) |
| Tower Structure | B2 + B1 + Ground + 18 upper floors |
| Building Height | 65.95 meters |
| Total Units | ~252 |
| Density | ~72 units per acre (low-density by design) |
Understanding the Master Plan: A 3.48 acre Green Township
The Prestige Velachery master plan focuses on open space, with 80% of its land open to nature. The towers are spaced well to let air flow to all flats.
1. Tower Height
- Building Structure: Each tower features 2 basements, a ground floor, and 18 floors of homes.
- Low Density: The project has a density of 72 units per acre, which provides spacious living areas.
2. Mega Clubhouse
- The township has a mega club house with indoor leisure features for good leisure time.
- This building features a salon, dance rooms, party halls, a sauna, indoor pools, a spa, a café, and indoor sports courts.
Layouts
Floor plans
The Prestige Velachery Floor Plan provides outlines of 3, 4, and 4.5 BHK flats in sizes from 2280 sq ft to 3797 sq ft. The 252 homes here are designed for the best luxury living. Buyers can secure any ultra-luxury flat here with prices starting from ₹4 crore.
Floor Plan Insights:
- 3 BHK Flats (2,280 sq ft to 2,435 sq ft): These flats are the best choice for joint families who want a huge living space for a growing family.
- 4 BHK Flats (3,024 sq ft to 3,320 sq ft): These are the best choice for families who need luxury living space.
- 4 BHK flats (3,797 sq ft to 4,288 sq ft): These are luxury flats with a home office and spacious rooms.
Inside the Model Apartments:
The Prestige Velachery model apartments offer fully furnished 3, 4, and 4.5 BHK demo houses designed for buyers to see how their finished units will look. Buyers can view them and can imagine how their finished flats will look. The model flats are in 3 variants and are open to everyone so that they can know the layout.
Why a Site Visit to a Model Flat Matters:
Model units will have a complete view of how the interior design can be done. Buyers can view this before booking any flat to get an idea about the size of each room. The model flats will give the details:
- Buyers can get an image of how the flats will look.
- They can select which units they can buy based on size.
- Buyers can see what the rooms will look like.
- Buyers can choose how the interior design can be done
- Buyers can gain a better vision of the space of the flat.
Key Highlights of the Model Home:
| Feature | What a Buyer Will Experience |
|---|---|
| Smart Homes | There are CCTVs, video door phones, and biometric entries. |
| Space Saving | See how the flats are designed in a spacious way with "Zero Waste" corridors. |
| Material Touchpoints | Examine the tiles, railings, flooring, bathroom fixtures, and kitchen fixtures. |
3 BHK
2,280 - 2,435 sq.ft. · from ₹4 Cr
4 BHK
3,024 - 3,797 sq.ft. · On Request
The complete costing details, including floor rise, parking and applicable taxes, are shared through the enquiry form.
Amenities
Prestige Velachery Amenities include more than 55+ health, fitness, sports, and lifestyle features designed to provide an ultra luxury lifestyle. With 80% open space, the project has vast green areas to give a serene living space to its buyers.
Amenities Highlights at a Glance:
| Category | Facilities |
|---|---|
| Wellness & Fitness | Gym, spa, swimming pool, yoga area |
| Indoor & Social | Mini theatre (acoustic-engineered), indoor games room, club house, dance/music room |
| Sports | Tennis court, jogging track |
| Safety & Tech | 24/7 CCTV monitoring, video door phone |
Latest Amenities: A Benchmark in Luxury Living
Spread across 3.48 acres, amenities at Prestige Velachery are designed to meet the latest standards, which are as follows
Sports & Fitness:
The latest sports features include.
- Kids Play area: Vibrant Kids’ Play zone, Skating rink, Big courts with a kids’ park like TOT LOT, Sand area, Snakes and Ladders floor games, etc.
- Outdoor Zone: Senior citizen area, outdoor movie wall, barbecue, Party lawn for social meet, party halls, and much more for buyers to enjoy with all events.
Club house
- Vast Space: The club house is the central leisure hub for the indoor features for a luxury lifestyle.
- Modern Features: The club house offers features like a Jacuzzi, a card games room, AV rooms, a spa, a sauna, and a salon for the buyers to indulge in
Zone Breakdown (as described in source)
| Zone | Features | Positioning |
|---|---|---|
| Leisure Zone | Clubhouse, swimming pool, spa, gym | High rental appeal (per source marketing) |
| Wellness Belt | 80% open green expanse, cross-ventilation | Better Lifestyle |
| Transit Proximity | Close to Taramani, Guindy, Pallikaranai, Chennai Metro Phase 2 | Urban area |
Comparison - Why Prestige Velachery Amenities Outshine the Competition
| Metric | Prestige Velachery (Velachery Corner) | Legacy / Central Micro-Markets |
|---|---|---|
| Infrastructure Age | Fast developing Stage | Very Congested |
| Price Growth | 11% Y-o-Y | 12% Average Growth |
| Planned Open Spaces | Higher | Lower |
| Rental Yield | 4.8% Gross Yield | 4.9% Yield |
Specifications
Technical Specifications: Smart Home Safety Standards 2026
Prestige Velachery specifications have better energy efficiency. Below are the latest specifications in 2026,
- 3-phase power, individual energy meters, ELCB per flat
- DG backup for common areas/lifts, plus backup for essential loads
- FTTH cabling, modular smart switch provisions, USB charging ports in all bed rooms
- Biometric digital door locks, video door-phone linked to 24/7 security desk
Prestige Velachery Mivan Construction Technology:
The towers in the project are based on the Prestige Velachery Mivan construction setup. By moving away from other old methods, these flats ensure the best elements for all owners.
Premium Fixtures:
- UPVC/aluminum-glazed sliding windows with mosquito mesh
- Chrome plated fittings, wall-mounted EWC, concealed flush tanks
High speed passenger lifts and dedicated service elevators
Swimming Pool
Fitness Studio
Sports Courts
Indoor Games
Location and Connectivity
The Prestige Velachery Address is in Velachery, South Chennai. This location is a prime area due to its nearness to the IT hubs of Taramani and Velachery.
Velachery
Taramani Tech Belt
Chennai
Chennai International Airport
Prestige Velachery Address
- Area: 140, Velachery 100 Ft Road, Velachery, South Chennai, Tamil Nadu 600042
- City: South Chennai
- State: Tamil Nadu
- Country: India
- Zip Code: 600042
Landmark and Map Details
- Nearby Landmark: Near Taramani IT corridor
- Google Plus Code: W6V5+73 Chennai, Tamil Nadu
- Longitude: 80.219555° E
- Latitude: 12.990651° N
Details on the positioning of Prestige Velachery:
Prestige Group Codename Velachery is a gated community with the best flats in South Chennai. The Main entrance is at 140, Velachery 100 Ft Road.
Location Benefits of living in Prestige Velachery:
- Low-density positioning: only ~252 flats on 3.48 acres, with 80%+ open space — notably higher than the 60-70% typical of comparable high-rise projects in the city, per source comparison
- 55+ lifestyle amenities across a multi-level clubhouse
- Mivan (monolithic aluminium formwork) construction used for the tower super structure — no brickwork masonry, improving seismic performance
- 65.95 m building height lifts upper-floor flats above street-level noise and footpath sightlines
- Dual road frontage: Velachery 100 Ft Road and Guru Nanak Road
- Velachery Railway Station (MRTS) 800 m away; Velachery Bus Stop 900 m away
- Close to Phoenix Marketcity (0.5 km) and Palladium
Key Distances:
How well is Prestige Velachery connected to the Airport, Railway, and Metro?
Prestige Velachery, a key Prestige Velachery New Project, is one of the best Prestige Group Apartment projects on Velachery with easy access to the railway stations, airport, and metro.
Key Destinations
- Guindy Metro Station (Blue Line): 4.4 km, ~8 min
- Velachery MRTS Station: 800 m from the property
- Velachery Railway Station (VLCY): 800 m; EMU services between Chennai Beach and Velachery, 10-40 min frequency
- Velachery Bus Stops: 900 m, primary MTC transit hub for the area.
Social Infrastructure Near Prestige Velachery:
| School | Distance | Curriculum | Notes |
|---|---|---|---|
| AGR Global School | 0.3 km | CBSE | Modern features |
| D.A.V. Public School | 0.4 km | CBSE | Strong academic track record |
| Orchids School | 3.5 km | CBSE/ICSE | Tech-enabled classrooms |
| San Academy | 3.9 km | CBSE | Strong sports area |
Healthcare Infrastructure Near Prestige Velachery
| Hospital | Distance | Specialty |
|---|---|---|
| Prashanth Hospital | 1.4 km | Emergency |
| Velachery KS | 4.2 km | General & diagnostics |
| BloomLife H | 4.1 km | Maternity & pediatrics |
Major Tech Hubs Near Prestige Velachery
| Hub | Distance | Notes |
|---|---|---|
| Taramani Tech Belt | 3.2 km | IT services zone |
| Ascendas IT Park | 3.8 km | Major corporate hub |
| Ramanujan IT City | 4.1 km | High-density IT park |
| Guindy Industrial Estate | 3.9 km | Big IT hub |
| Olympia Tech Park | 3.9 km | Big IT hub |
Malls Near Prestige Velachery
| Destination | Distance / Time | Top Attraction (2026) |
|---|---|---|
| Phoenix Marketcity | 0.5 km | Premier retail mall |
| Palladium | 0.5 km | luxury retail and fine dining |
| Grand Square Mall | 1.1 km | Major Shopping area |
About
Prestige Velachery by Prestige Group is a premium township in South Chennai. It sits in the growing South corridor on over 3.48 acres and features 4 grand high rise towers. Each tower rises to 2 Basements + Ground + 18 floors. The master plan brings 252 luxury flats into a green area with 80% Open Space. To give early home buyers a high ROI, the pre-launch base price was set at ₹17,550 per sq. ft. for early buyers.
What does Prestige Velachery mean?
The name "Prestige Velachery" stands for thoughtfully designed green spaces for a calm lifestyle. The project has premium amenities that resonate with today’s buyers.
Why should you invest in Prestige Velachery?
Prestige Velachery project is a premium latest launch of Prestige Group that brings premium living in South Chennai.
Key benefits include:
- Positioned along the primary Velachery Main Road arterial corridor, in the established residential and commercial belt of South Chennai
- Directly links Velachery with Guindy and Taramani
- Dual frontage on Velachery 100 Ft Road and Guru Nanak Road
What makes the project the best investment in Velachery?
Prestige Velachery is an important new launch project in the South Chennai real estate market. As the pricing plan is very low with the latest designs, it promises high ROI.
Velachery
Velachery is part of South Chennai, near the major IT hubs of Taramani and Velachery. The locality benefits from prime areas with easy access to key IT corridors.
Why Velachery is the best choice for living
- A prominent area in South Chennai, bordering Taramani (east), Guindy (north), Perungudi (southeast), Madipakkam (southwest), Pallikaranai (south), and Adambakkam (west/northwest)
- Name derives from Tamil “Velar/Velir” (farmer community) + “Cheri” (community)
- Modern development accelerated after the 1950s (American Advent Mission School) and the 2005 six-lane Bypass Road expansion
The Velachery real estate market in 2026 is gaining a lot of attention as it is near the IT hubs in South Chennai. Many buyers are very interested in the properties as it has high ROI.
Infrastructure Development (Ongoing/Planned)
Velachery Road Bypass Flyover
- 3 km flyover, Sardar Patel Road to Velachery Bypass near Guru Nanak College
- ₹310 crore project; 2-to-3-lane undivided flyover, 12 m width
- Covers Race Course Road, Five Furlong Road, and Velachery Bypass Road junctions
- Includes ramps at Five Furlong Road and Guru Nanak College, a 5.5 m service road, and 1.5 m footpaths on both sides
- A 650 m section overlaps with the Chennai Metro line, requiring GCC/CMRL coordination
- Preliminary work (soil testing, IIT Madras design approval) underway as of source publication
Chennai
Chennai is the best choice for all buyers and investors who wish to invest in any real estate property. The city has seen demand from individuals from all over India. Easy access to IT parks and job offers make it the best choice to invest. Also, the price range in all segments encourages every buyer to invest here.
Some benefits of investing in Chennai include,
- High ROI Zone: The city is expected to grow at a fast rate, which is making buyers invest with better returns.
- High returns: The growth of the real estate market promises high ROI and a higher standard of living that has fuelled the growth.
- Good job market: As the job market of Chennai is growing at a fast rate in 2026, it increases the value of rental properties.
Best new-launch project in Chennai:
Velachery, one of the top Prestige Group Chennai new launch projects for sale in 2026, offers 252 high-rise homes. Prestige Velachery new launch is a 3.48 acre premium township venture in South Chennai under the official name ‘Prestige Velachery’. It offers 252 luxury homes with direct access to the major IT hubs of the South zone of the city.
Apartment
An apartment is a huge housing part in a high tower with modern features in all size ranges. Prestige Velachery apartments are the luxury living space which makes it the best choice to invest in varying sizes. There are model flats at the project site, which help everyone get a clear idea of their future space.
Advantages of investing in Prestige Velachery apartments
- Modern Amenities: There are the latest features, including CCTVs, boom barriers, video door phones, and RFID.
- High ROI: The area is close to major IT hubs of Velachery, and it gives a better resale value.
- Lower price range: The price of ultra luxury flats starts from Rs 4 crore, making it the best choice to invest at a low price.
Prestige Velachery’s Latest News
The launch of Prestige Velachery will reach its milestone on 5 October 2026. With the RERA approval that will be got soon, the project is the best choice to invest in for all buyers.
Know your project:
- After the successful launch of projects in Chennai, Prestige Group is ready with its latest project, Prestige Velachery, in 2026.
- This new township offers high-end homes in 3BHK, 4 BHK, and 4.5BHK floor sizes.
- The project assures reasonable pricing from ₹4 crore.
Approvals and Legal Status
Legal Status of the Property
The property will get all the legal titles soon, and there will be no issues with the land. As the project will get all the approvals, the project will then move to the booking stage.
Land Approval
Prestige Velachery project has all the local guidelines for high-rise projects in Chennai. Prestige Velachery Environmental Clearance (EC) is an approval that has now been granted by the RERA Board.
Bank Approvals
The Prestige Velachery project is approved by major banks in India such as Axis, ICICI Bank, Kotak Mahindra, SBI, and HDFC Bank, which helps buyers get home loans.
Legal Documentation
All legal documents for Prestige Velachery have been obtained, which include:
- RERA
- Layout Plan Approval
- Encumbrance Certificate (EC)
- Possession Letter
- Agreement of Sale and Purchase
- Mother Deed
- Completion Certificate
- Sale Deed
- Khata Certificate
All the above proofs show that buying flats in this new township in South Chennai is safe.
Home Loan Approval
To make buying a flat easier, Prestige Velachery has got loan tie-ups with top banks in India. Buyers can select easy financing choices through banks like HDFC Bank, SBI Bank, ICICI Bank, and Axis Bank for a better buying process.
Construction Status
The Prestige Velachery’s Construction Status is in pre-launch phase. This township will be handed over to buyers on time with the best quality, as wished by the buyer.
Legal Clearances
The project will get all approvals, which makes it a safe option to invest without any risks.
- RERA: The RERA approval is pending right now, and buyers can book flats in the pre-launch phase.
Prestige Velachery Possession Timeline:
The township will be built on time, and the handover date is fixed for 31 October 2030. The project will start on time, and it will be handed over to buyers on time.
Milestone Progress:
Site setup has started, and the master timeline shows the steps over the next 4 years.
| Development Milestone | Commencement | Completion |
|---|---|---|
| Site Clearing | October 2026 | November 2026 |
| Deep Foundation | April 2027 | May 2027 |
| Basement and Multi level Parking | July 2027 | August 2027 |
| RCC Building Frame | Dec 2028 | Dec 2029 |
| Internal Masonry & Plastering | Dec 2029 | Jan 2030 |
| MEP | January 2030 | 31 October 2030 |
| Final Possession Handover | -- | 31 October 2030 |
Current Site Status
Civil work is going on at the project site. The model flats building work will start soon, and the project office will be ready to visit the project site.
Overall Construction Progress — 5%* — Site development & foundation work
*Illustrative sample figure. Committed possession date: 31 October 2030, as per RERA filing.
Taxes and Standards
Buying a luxury flat at Prestige Velachery involves these taxes to be paid correctly:
| Charge | Rate | Basis |
|---|---|---|
| GST | 5% | On agreement value (excludes land cost), billed across construction milestones until CC/OC issuance |
| Registration Charges | 4% | Of market value or guideline value, whichever is higher |
| Stamp Duty | 7% | Of market value or guideline value, per Tamil Nadu norms |
| Property Tax | Annual, municipal | Based on built-up area, classification, location |
Important Rules for Buyers:
- GST Rules: GST amount will apply to all units based on the milestone.
- Stamp Duty Fees: The base price will not include stamp duty. Buyers have to pay the charges when booking a property.
- Home Loan Approvals: Banks will back this as it will hold the RERA approvals soon, and they can get a home loan.
About Prestige Group
- Founded: 1986
- Chairman: Irfan Razack
- Presence: 12 cities, 300+ completed projects
- FY2026 stated performance: #1 nationwide by sales value; record annual pre-sales ₹30,024 Cr (+76% YoY); CRISIL DA1+ rating; Q1 net profit +155% to ₹1,195 Cr; cash collections ~₹18,515 Cr; revenue backlog ~₹65,000 Cr
- FY2026 new launch pipeline (Bangalore, Mumbai, Hyderabad, Pune): valued at ₹42,000 Cr, with a stated long-term goal of ₹50,000 Cr in annual sales by FY30
Why Choose PRESTIGE GROUP?
- Timely handover of all projects
- Launches the finest designs in the real estate market
- Has a presence in all 13+ Indian cities
- Trusted due to their durability
- They focus on advanced solutions
- Founded
- 1986
- Projects Delivered
- 300+
- Sq.Ft. Delivered
- 180M+
- Listed Since
- 2010
Frequently asked questions
The price range starts from ₹4 crore.
There are 252 flats in floor sizes of 3 BHK, 4 BHK, and 4.5 BHK.
The Brochure PDF of Prestige Velachery comprises all details about this project; fill out the form to get the PDF.
Yes, all the flats in this new project are Vaastu compliant.
The base price per sq ft is above the base rate of ₹17,550 per sq ft.
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