Prestige Group has acquired 25-acre land parcel in Medavakkam, Chennai, marking another significant business development milestone for the Group and reinforcing its long-term commitment to the Chennai real estate market.
The acquired land parcel offers a development potential of approximately 5 million square feet, with an estimated top-line revenue potential of over Rs 5,000 crore. The site is proposed to be developed into a large-format project in line with Prestige Group’s focus on scale and planning efficiency. Medavakkam is a rapidly developing residential micro-market in Chennai, benefiting from proximity to the OMR IT corridor, improving road infrastructure, and upcoming metro connectivity. The area offers a balanced mix of accessibility, affordability, and growing social infrastructure, supporting sustained residential demand. The project will be planned and executed in line with Prestige Group’s established standards for design, quality, and timely delivery.
Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
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