Prestige Park Street

Prestige Park Street is a futuristic, pre-launch apartment project in Velachery, South Chennai. The total land area of the project is 3.48 acres. The project houses 252 luxury apartments over 4 high-rise towers with B1 + B2 + G + 18 floors.

These apartments are offered in 3, 4 and 4.5 BHK sizes, with floor areas ranging from 2,280 sq ft to 4,288 sq ft. The project has generous open spaces and 45 plus unique world-class amenities. The launch date is 05 October 2026, and the base price at launch is around Rs 17,500 per sq ft, depending on the tower selected.

Prime Location & Seamless Connectivity

Prestige Park Street is located at Velachery, Chennai, Tamil Nadu – 600042, roughly 7.3 km from Chennai International Airport via GST Road.

• Chennai International Airport: 7.3 km via GST Road
• Velachery 100 Ft Road: At the site boundary
• Velachery MRTS Station: 800 m
• Guindy Metro Station (Blue Line): 4.4 km
• Taramani Tech Belt: 3.2 km
• Guindy Industrial Estate: 3.9 km
• Proximity: Direct reach to the Outer Ring Road (ORR), the Taramani Tech Belt, and the Chennai Metropolitan Area.

Unique Selling Points (USPs) – Why Choose Prestige Park Street?

Prestige Park Street Velachery stands out as a compact, brand-backed luxury address on Chennai's fastest-growing employment corridor.

• Low-Density Four-Tower Architecture: Spanning approximately 3.48 acres, the community holds 252 residences across just 4 towers in a B1 + B2 + G + 18 floor configuration. At roughly 72 units per acre, the density is meaningfully below the 110 – 130 typical of comparable South Chennai high-rises, allowing wider tower spacing, better cross-ventilation, and less lift and lobby congestion at peak hours.
• Velachery Employment Base: The Taramani Tech Belt, hosting Tidel Park and Ramanujan IT City, is approximately 3.2 km away. Guindy Industrial Estate is approximately 3.9 km away and Guindy Metro Station 4.4 km. The OMR IT corridor at Perungudi and Sholinganallur runs south from the site, and Chennai International Airport is 7.3 km away via GST Road.
• Pre-launch Pricing Window: The ₹4 Crores entry price for the 3 BHK works out to roughly ₹17,500 per sq ft, at the premium end of the ₹8,600 – ₹17,050 band Velachery apartments trade in. Higher launch benchmarks are expected once the Chennai Metro Phase 2 corridors open, giving early entrants a 12 – 24 month window between booking and possession.
• Vastu-Led, Ventilation-First Planning: Every apartment tier, from the compact 2,280 sq ft 3 BHK to the 4,288 sq ft 4 BHK + Family Room, is planned around natural light, cross-ventilation, and practical day-to-day family use.
• Multi-Level Clubhouse & Lifestyle Amenities: The amenity programme is organised around a central podium between the four towers:
  • Wellness & Fitness Hub: Adult and kids' swimming pools, gymnasium, yoga area, jogging track, and meditation pods.
  • Club & Entertainment: Banquet hall, games arcade, mini theatre, cafeteria, and indoor recreation rooms.
  • Family & Outdoors: Landscaped central garden, step gardens, amphitheatre, children's play area, skating space, and 24/7 CCTV coverage.

Apartment Plans: Finding Your Ideal Layout

Prestige apartments in Chennai for sale offer a deliberately focused range of configurations. Each unit is planned on Vastu principles, with a zero-wastage layout and a clear circulation spine.

Flexible Payment Plan: Step-by-Step Home Ownership

Prestige Park Street uses a milestone-linked payment plan that keeps the outlay simple and transparent. Rather than a large sum upfront, payments are staged against verified construction progress, with construction-linked (CLP), down-payment and subvention options offered. Unit-level availability is shared by the sales team on request.

Apartment Types and Price

Prestige Park Street price begins at ₹4 Crores onwards for the 3 BHK, with the larger configurations priced on request. Pre-launch pricing is valid until the 05 October 2026 launch. The development offers five layout types configured across the 4 residential towers.

What the Pricing Actually Tells You

• Pre-launch Entry: The ₹4 Crores entry price works out to roughly ₹17,500 per sq ft on the 3 BHK, at the top of the Velachery corridor's expected post-metro repricing band of ₹14,000 – 16,000 per sq ft. The pre-launch window closes on 05 October 2026.
• Configuration-Wide Mix: From a compact 2,280 sq ft 3 BHK to a 4,288 sq ft 4 BHK + Family Room, the four-tier mix lets a buyer stay within one community as the household evolves.
• Cost Sheet Support: Payment plan options (CLP, down-payment, subvention), home-loan tie-ups with HDFC, SBI, ICICI and Axis, and unit-level inventory are shared by the sales team on request.

Note: Final pricing depends on floor level, tower position, unit orientation, and applicable pre-launch offers. The banner price is not the payable price, ask for the detailed cost sheet covering parking, maintenance deposit, registration, stamp duty, GST, and any floor-rise or preferred-unit premiums before committing.

A Simple Guide to Prestige Park Street Maintenance Charges

At Prestige Park Street, the monthly maintenance fee is estimated between ₹4 and ₹6 per sq. ft. for a project of this format in South Chennai. This keeps shared costs proportionate for every flat owner across the four towers. The exact figure is confirmed in the maintenance agreement at handover.

Advance Maintenance Payment

Before key handover and final possession from 31 October 2030, an advance maintenance fee is collected upfront. This amount goes into a designated society fund used to start daily operations for the high-rise towers.

What the Maintenance Fees Cover

• 24/7 Gate Security: Round-the-clock guarding and CCTV monitoring across the 3.48 acres site.
• Lift Upkeep: Scheduled servicing for the high-speed lifts serving 18 floors.
• Amenities Management: Teams to run and clean the multi-level clubhouse, gymnasium, mini theatre, and both swimming pools.
• Landscape Maintenance: Upkeep of the central podium garden, step gardens, amphitheatre, and perimeter green belt.
• Utilities & Backup: Common-area power, DG backup, water treatment, and waste management.

Master plan

The Prestige Park Street master plan is set over 3.48 acres at Velachery, and is organised around low-density high-rise planning. It has 4 high-rise towers, each with a B1 + B2 + G + 18 floor structure, holding approximately 252 units. The project offers luxury 3, 4 and 4.5 BHK homes in South Chennai.

Location and Connectivity

Prestige Park Street address is 140, Velachery 100 Ft Road, Velachery, Chennai 600042. The project is on Velachery 100 Ft Road with a second frontage on Guru Nanak Road, about 800 m from Velachery MRTS Station and 4.4 km from Guindy Metro Station.

Location and Address Details

• Area: Velachery
• City: Chennai · State: Tamil Nadu · Country: India · Pin Code: 600042
• Latitude: 12.990651° N
• Longitude: 80.219555° E
• Planning Authority: CMDA (the Chennai Metropolitan Development Authority)

Location Benefits and Distance

About

Park Street is a pre-launch residential address developed by the Prestige Group, positioned at Velachery in Velachery, Chennai. This low-density high-rise project spans approximately 3.48 acres and features 4 residential towers. Each tower rises across a structure of 2 basements + Ground + 18 upper floors.

The master plan integrates 252 apartments in 3, 4 and 4.5 BHK formats around a central amenity podium, at a density of roughly 72 units per acre. To give early buyers a pricing advantage, the project opens with a pre-launch offering starting from ₹4 Crores onwards for the 3 BHK, bringing branded high-rise living to one of South Chennai’s most established residential corridors.

What does the name mean?

The title "Park Street" points to the landscaped spine that runs between the four towers, a green, pedestrian-first street at podium level rather than a driveway. The Prestige Group planned this community around cross-ventilation and daylight, combining a compact high-rise footprint with a generous open podium to deliver a calmer lifestyle in Velachery.

What makes Prestige Park Street a good investment in Velachery?

• Top Builder Reputation: Developed by the Prestige Group, a listed developer (NSE: PRESTIGE, BSE: 533274) with quarterly SEBI disclosures, which materially de-risks a 2030 possession commitment relative to less-established developers.
• Prime Corridor Connectivity: Velachery 100 Ft Road at the site boundary, Velachery MRTS Station 800 m, Guindy Metro Station 4.4 km, and Chennai International Airport 7.3 km via GST Road.
• High-Growth Micro-Market: Sited within the Chennai Metropolitan Area catchment, with the Taramani Tech Belt, Tidel Park and Ramanujan IT City, is roughly 3.2 km away, with the OMR IT corridor at Perungudi and Sholinganallur immediately beyond it.
• Pre-launch Pricing Window: An entry rate below the corridor's expected post-metro band gives a measurable 12 – 24 month appreciation window between booking and possession.

Who is this project suited for?

For an end user who wants a branded project of manageable size at a clean launch-stage entry, this is a logical shortlist. The 3 BHK suits dual-income couples and families with one or two children, the 4 BHK suits larger and multi-generational households, and the 4.5 BHK + Study and 4 BHK + Family Room suit households planning a four-to-five-year horizon. For an investor, the appeal rests on the Velachery employment story, the metro-led appreciation angle, and rental demand from the Taramani and OMR IT belt. Rental and resale projections should be verified independently rather than taken from marketing material.

Velachery

Velachery is an established residential and commercial neighbourhood in South Chennai, roughly 11 km south of the city centre. It grew from a village beside Velachery Lake into one of the city's most settled suburbs, and it borders Adyar and Thiruvanmiyur to the east, Guindy and St Thomas Mount to the north, Pallikaranai to the south, and Madipakkam to the west.

Etymology & Historical Growth

Velachery grew up as a village around Velachery Lake on the southern edge of Madras, and was absorbed into the city as Chennai expanded southward. Its modern growth is tied to the IT boom: the Taramani technology belt and the OMR corridor drew employment south from the 1990s onward, the MRTS rail extension reached Velachery in 2007, and large-format retail followed. It is now one of South Chennai's most established residential and commercial neighbourhoods.

Major Infrastructure & Industrial Projects

• OMR IT Corridor: Old Mahabalipuram Road runs south from the site through Perungudi and Sholinganallur, carrying the bulk of Chennai's IT office stock and its continuing build-out.
• Taramani Tech Belt: Tidel Park and Ramanujan IT City sit roughly 3.2 km away, with further campus expansion planned across the belt.
• Guindy Industrial Estate: An established industrial and commercial estate about 3.9 km north, anchoring the corridor's non-IT employment base.
• Chennai Metro Phase 2: Corridor 3 (Madhavaram to SIPCOT) and Corridor 5 (Madhavaram to Sholinganallur) extend metro coverage across the South Chennai belt, with Guindy Metro Station on the operational Blue Line 4.4 km from the project.

Multi-Modal Connectivity and Velachery Distance

Air Transport

• Chennai International Airport (MAA): Approximately 7.3 km from the project, about 14 minutes off-peak.
• Access Routes: Direct approach via Velachery 100 Ft Road and GST Road, with MTC bus services running the same corridor.

Road Transport

• Arterial Networks: Connected through Velachery 100 Ft Road, the Velachery – Tambaram Main Road, and GST Road.
• Outer Ring Road (ORR): Reached via Perungudi, linking the corridor to Vandalur, Tambaram and the GST Road belt.
• Bus Services: MTC and TNSTC services operate along the Velachery 100 Ft Road corridor, with the Velachery bus terminus approximately 1.2 km from the site.

Rail Transport

• Station: Velachery MRTS Station, the southern terminus of the Chennai Beach – Velachery MRTS line, approximately 800 m from the project.
• Network: Broad-gauge suburban services operated by Southern Railway, with a Velachery – St Thomas Mount MRTS extension planned to close the loop with the metro network.

Employment Hubs near Velachery

• Taramani Tech Belt – Tidel Park and Ramanujan IT City (3.2 km)
• Guindy Industrial Estate (3.9 km)
• Perungudi IT Park on OMR (5 km)
• Chennai International Airport (7.3 km)
• Siruseri SIPCOT IT Park (18.8 km)

Prestige Park Street Velachery is a newly launched residential project by the Prestige Group located at 140, Velachery 100 Ft Road, Velachery, Chennai. Spanning approximately 3.48 acres, the development features 4 residential towers with a B1 + B2 + G + 18 floor structure, holding approximately 252 premium 3, 4 and 4.5 BHK apartments.

The official Velachery pincode is 600042 for local administrative and postal documentation. Day-to-day retail is served along Velachery Main Road, with large-format shopping at Phoenix MarketCity approximately 0.5 km away and Grand Square Mall approximately 1 km away.

Top Prestige Projects to Consider Near Velachery, Chennai

• Prestige Windsor Park – Prestige apartment community in Chennai.
• Prestige Pallavaram Gardens – Large residential community in Pallavaram, South Chennai.
• Prestige Courtyards – Apartment community in Sholinganallur on the OMR corridor.
• Prestige Bella Vista – Integrated township in Iyyappanthangal, Chennai.
• Prestige Silver Springs – Prestige residential development in Chennai.

Top Reasons to Choose Prestige Park Street in Velachery

1. Capital Appreciation & Value Growth

Velachery is in an infrastructure-led growth phase rather than a saturated one, with the OMR IT corridor, the Chennai Metro Phase 2 extensions, and constrained land supply acting together on values.

• Pricing Position: The ₹4 Crores entry price for the 3 BHK works out to roughly ₹17,500 per sq ft, at the premium end of the ₹8,600 – ₹17,050 band Velachery apartments trade in. Higher launch benchmarks are expected once the Chennai Metro Phase 2 corridors open.
• Appreciation Window: The gap between the 05 October 2026 launch and the 31 October 2030 possession gives a measurable holding period for early entrants. Actual appreciation is not guaranteed and depends on market conditions.

2. Rental Demand

The concentration of IT, industrial and commercial employment within a 10 km radius supports a working tenant base that is structurally different from an IT-only micro-market.

• Tenant Base: IT professionals at Taramani and along OMR, and staff across the Guindy commercial belt, form a year-round demand pool.
• Format Fit: The 3 and 4 BHK inventory maps closely to the senior-professional rental profile of this employment belt. Verify current rental yields independently before underwriting them.

Chennai

Chennai is the capital and largest city of Tamil Nadu, on the Coromandel Coast of the Bay of Bengal. It is one of India's largest metropolitan economies and a major technology, automotive and healthcare centre, with a large concentration of software exports and global capability centres.

The city is administered by the Greater Chennai Corporation, with the Chennai Metropolitan Development Authority (CMDA) responsible for planning across the metropolitan area. The Tamil Nadu Legislative Assembly is at Fort St George and the Madras High Court is on the city's northern waterfront.

Infrastructure in Progress

• Chennai Metro Phase 2: Three corridors totalling roughly 119 km, Corridor 3 (Madhavaram to SIPCOT), Corridor 4 (Lighthouse to Poonamallee) and Corridor 5 (Madhavaram to Sholinganallur), extending metro coverage across the southern and western belts.
• Chennai International Airport Expansion: The new integrated terminal and continued airside capacity work, supporting traffic growth on the GST Road corridor.
• Chennai Peripheral Ring Road: The Ennore to Maduravoyal corridor easing regional freight and commuter movement around the metropolitan edge.
• Chennai Suburban Rail: Continued strengthening of the Beach – Tambaram and Beach – Velachery MRTS corridors, with a Velachery to St Thomas Mount extension planned.
• Chennai – Bengaluru Expressway: A 262-km access-controlled expressway cutting inter-city travel to roughly 2.5 – 3 hours.

Chennai's real estate market is driven by demand across residential, commercial, and industrial segments, concentrated along the OMR IT corridor, GST Road, and the western and northern manufacturing belts.

• Residential: Mid and premium segment launches dominate, supported by technology and manufacturing employment.
• Commercial & Office: Global capability centres continue to drive record office leasing, with South Chennai gaining share.
• Industrial & Warehousing: Light manufacturing and commercial occupiers anchor demand along the Guindy and Ambattur belts.
• Land & Plots: Plotted development remains active along the OMR and GST Road corridors.

Best Prestige Projects for Investment in Chennai

Prestige Park Street is located at Velachery, in South Chennai. The project spans approximately 3.48 acres with 252 apartments across 4 towers. Connectivity includes Velachery 100 Ft Road at the site boundary, Velachery MRTS Station at 800 m, Guindy Metro Station at 4.4 km, and Chennai International Airport at 7.3 km via GST Road.

Frequently asked questions