Prestige deepens Chennai Footprint with ₹3,350 Cr Launch on Pallavaram-Thoraipakkam Road

Prestige Group, one of India's leading real estate developers, is pleased to announce the launch of its newest residential project - Prestige Pallavaram Gardens, strategically located on the Pallavaram-Thoraipakkam Radial Road in Chennai.

Set across 21.84 acres, the project features a thoughtfully planned mix of 2,069 premium apartments in 2, 3, and 4 BHK configurations, offering a total saleable area of 3.1 million square feet. With a Gross Development Value (GDV) of ₹3,350 crore, the development is poised to become one of the marquee residential communities in the region.

The project is designed to deliver an elevated lifestyle experience, centered around a 65,000 sq. ft. clubhouse that includes two swimming pools, wellness zones, fitness areas, and multiple recreational and social spaces for residents of all age groups.

Located just minutes away from Chennai's prominent commercial hubs, IT parks, educational institutions, and healthcare facilities, Prestige Pallavaram Gardens combines unmatched connectivity with tranquil, well-planned living spaces. Its location on the fast-developing Pallavaram-Thoraipakkam Radial Road offers residents excellent access to the city's key transit routes and economic centers.

Commenting on the launch, Mr. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "Chennai has emerged as one of the most dynamic real estate markets in South India, and we are delighted to strengthen our presence here. Prestige Pallavaram Gardens is a testament to our belief in the city's growth trajectory and our continued pursuit of building landmark communities. We see this as the beginning of a broader expansion strategy that will unlock value across new micro-markets in Chennai.

With its strategic location, thoughtful master planning, and comprehensive amenities, Prestige Pallavaram Gardens is well-positioned to meet the evolving aspirations of today's urban homebuyers in Chennai."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1658.45 as compared to the previous close of Rs. 1666.70. The total number of shares traded during the day was 15086 in over 1252 trades.

The stock hit an intraday high of Rs. 1688.20 and intraday low of 1644.00. The net turnover during the day was Rs. 25115305.00.

Source : Equity Bulls

Keywords

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