Prestige Group Medavakkam - Pre Launch Project in Chennai

Disclaimer

This page is created to inform readers about early market trends and developments. We do not claim to represent the official project or hold RERA approval. All information is based on publicly available news and should be verified with the developer once formally announced.

Prestige Estates Projects Ltd acquires 25 acres in Medavakkam for major housing development

Prestige Group, through its listed entity Prestige Estates Projects Ltd, has announced for the development of a major residential project. The proposed development is expected to have a revenue potential of over ₹5,000 crore, making it one of the company’s largest upcoming housing projects in the city.

Medavakkam has emerged as a preferred residential destination due to its strategic location between key IT corridors, access to social infrastructure, and improving road connectivity. By securing a large contiguous land parcel in this micro-market, Prestige Group aims to cater to the rising demand for quality housing among both end-users and investors.

The acquisition aligns with the company’s long-term growth strategy of expanding in high-demand urban markets through large, well-planned residential communities. With Chennai witnessing steady residential absorption, Prestige Group’s latest investment is expected to play a key role in meeting housing needs while reinforcing its leadership position in South India’s real estate sector.

News Source: The Economic Times

Why Prestige Group Medavakkam Project Is Worth Watching

Medavakkam is a residential locality in the south of Chennai Metropolitan city which is adjacent to the neighbourhood of Sholinganallur. Some of the areas in Medavakkam are Annai Indira Nagar, Babu Nagar, Somu Nagar, Munusamy Nagar, Vimala Nagar, VGP Pushpa Nagar, Aishwarya Gardens, Aishwarya Garden Extn, Soumya Nagar, Jayachandran nagar, Green Court (Jalladianpet), BHEL Nagar, Sairam Nagar, Gayathri Nagar and lots more. Many prime areas on GST road – Chrompet, Pallavaram, St.Thomas Mount can be easily accessed from this junction. Tamil And English is the Local Language here. Murugan Temple, Pillayar Kovil , Srinivasa Perumal temple are the famous temples in medavakkam.

Key advantages of the proposed Prestige Group Medavakkam Project Location:

Schools/Collage Near by

The Quaide Milleth College for Men

New Prince Shri Bhavani Arts and Science College

Velammal NewGen School

Schools

Transportation Hub Near by

Medavakkam Bus Depot

Hospitals/Institutions Near by

Arun Hospital

Annai Therasa Hospitals Pvt Ltd

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*Disclaimer

This page is created for informational purposes only, based on publicly available news and preliminary market signals. It does not represent any official communication from Prestige Group. We do not claim or offer RERA-registered inventory or commit any sales prior to formal launch. Readers are advised to verify all information independently before making any purchase decisions.

*Real Estate (regulation & development) act 2016.

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