Prestige Park Street RERA Approval

Prestige Park Street RERA approval is currently in progress with TNRERA for a 3.48-acre site on Velachery 100 Feet Road in Chennai with 252 flats. Built by the Prestige Group, this project has 4 towers with 2 basements, a ground floor, and 18 upper floors. You can pick from 3, 4, and 4.5 BHK homes that range from 2,280 sq. ft. to 4,288 sq. ft., with prices starting at ₹4 Crores. Work on the site began on 25 October 2026, right after the launch on 05 October 2026.

This legal step follows the 2016 Real Estate Act, which keeps your money safe by putting 70% of it into a separate bank account and sets the key handover date for 31 October 2030. The final RERA paper will show the approved site plan, clear land title papers, and exact room sizes for every home. You can look up the registration number and track build progress right on the Tamil Nadu RERA website before you pay any money.

TNRERA Compliance and Statutory Buyer Protections

TNRERA approval is an official state clearance under the 2016 Real Estate Act that keeps your money safe by locking in building plans, flat sizes, and handover dates. For Prestige Park Street in Velachery, this registration makes sure that the builder constructs the towers exactly as approved by city planning officers.

• Separate Bank Account for Funds – Under RERA rules, the builder must deposit 70% of all buyer payments into a dedicated bank escrow account. The builder can take money out only to pay for land and building work after engineers and accountants verify it.
• Fixed Handover Deadlines – Civil construction work starts on 25 October 2026, and full handover is scheduled to start on 31 October 2030. If the builder delays the project without valid reasons, they must pay interest to the buyers every month by law.
• Clear Usable Flat Area – All sale papers must state the exact usable carpet area inside the flat rather than vague super built-up numbers. This prevents builders from charging for extra common space that you cannot actually live in.
• 5-Year Repair Guarantee – Under Section 14 of the Act, the Prestige Group must fix any building flaws, poor materials, or crack issues for five full years after key handover without taking any money from buyers.

Prestige Park Street: Sanctioned Specifications and Approval Data

Prestige Park Street is planned with just 72 homes per acre, which leaves plenty of open space compared to other crowded complexes in South Chennai. Key details about the project plans and official permissions are listed below:

Step-by-Step Verification on the Tamil Nadu RERA Portal

The official TNRERA portal lets any homebuyer view land records, building permits, map drawings, and debt-free papers before paying any booking money. Checking these public records takes only a few minutes and confirms that everything is legally clean.

• Open the RERA Website – Go to the official site at rera.tn.gov.in and click on the Registered Projects section.
• Type the Project Name – Search for Prestige Park Street in the project box, or type Prestige Group in the builder name box.
• Check the Registration Paper – Once approved, view the official Form C certificate and note down the full registration number.
• Read the Building Approvals – Check the approved site plan, CMDA local permits, and safety NOC letters from the fire department and airport authorities.
• Review Escrow Bank Details – Look at the bank branch name where the 70% project fund sits and check the quarterly work schedule to monitor progress.

RERA Construction Timeline and Phased Milestones

Prestige Park Street uses a stage-by-stage payment plan that links each buyer installment directly to real work completed on the ground. This plan follows RERA rules that stop builders from asking for big payments before completing basic building stages.

• Digging and Foundation Work – Site work and ground excavation start on 25 October 2026, which links to the first 10% building payment stage.
• Basements and Base Slab – Work then moves to the two basement levels (B1 and B2) and the main plinth slab to make the base strong.
• Floor Superstructure – The concrete frame for all 18 floors across the 4 towers goes up stage by stage with regular checks by project engineers.
• Finishing and Final Handover – Painting, pipework, electrical fittings, and the official Occupancy Certificate (OC) wrap up ahead of the 31 October 2030 possession date.

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