Prestige Canopy Living Padi, a new address of scale near Anna Nagar, Chennai
Price on Request
Prestige Canopy Living Padi (Arihant JV) is being developed on a 16.33-acre parcel in Padi, Chennai, through Canopy Living LLP, a joint venture that brings together Prestige Estates Projects Limited and Arihant Foundations and Housing Limited. The site is proposed for a premium residential development with a saleable area of three point six million square feet and an estimated revenue potential of approximately Rs 50 billion. It is a scale of development uncommon for this part of Chennai, positioned within an address that has grown up around Anna Nagar's established residential character.
Life here is built around the Padi-Korattur-Anna Nagar corridor, an area where tree-lined residential streets, Korattur Lake, local temples and long-running neighbourhood markets sit alongside the newer momentum of metro expansion and industrial-turned-IT employment. Kamal Lunawath, Managing Director of Arihant Group, noted that the Chennai residential market has shown consistent growth and that the project's scale and strategic location near Anna Nagar position it well to capture current end-user demand for premium developments. The intent is a community that reads as a self-contained neighbourhood rather than a single building.
Design and planning at this scale are being approached with the master-planning discipline typical of large land parcels, sequencing towers, open spaces and amenities across the full 16.33 acres rather than treating them as separate additions. Both partners expect to leverage local market knowledge and delivery capability to convert the site potential into a premium residential offering. Detailed architectural and interior specifications will be released as the project moves through its approval stages.
Irfan Razack, Chairman and Managing Director of Prestige Group, has stated that Chennai remains a key market, citing stable demand, improving infrastructure and evolving residential preferences, and has emphasised the group's focus on expanding through high-quality developments with an emphasis on execution and timely delivery. With metro rail extensions, road upgrades and a maturing employment base converging on the Padi-Ambattur belt, the timing favours early entrants into a large-format address of this kind.
Prestige Canopy Living Padi (Arihant JV) is introduced to the market as a new launch, with further details on configurations, amenities and pricing to follow as the joint venture progresses through statutory approvals.
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Detailed master plan and unit-wise floor plans available on request.
Korattur Village, Ambattur Taluk, Chennai · Chennai
Padi sits in the north-western stretch of Chennai, wedged between Anna Nagar, Mogappair, Villivakkam and Ambattur, a corridor that has long combined established residential neighbourhoods with the city's largest industrial base. The parcel benefits from established social infrastructure and strong connectivity that underpin residential demand in the micro market. The specific address, at Korattur village in Ambattur Taluk, places the development within a locality that Chennai's suburban rail network and arterial roads have served for decades.
The land parcel is strategically located near Anna Nagar, one of Chennai's most established and prime residential micro-markets, known for its strong social infrastructure, excellent connectivity, and mature residential character. The Padi Ambattur micro-market, in particular, has seen increased development activity due to its proximity to employment hubs and established infrastructure. For residents, this translates into a rare combination in Chennai's north west: a large-format master-planned community set inside a neighbourhood that already has its schools, hospitals, railway stations and retail in place.
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CMRL has submitted a detailed project report for a metro extension passing through Padi Pudhu Nagar, Mogappair, Ambattur, Thirumullaivoyal and Avadi, improving rail access for the corridor around Padi.
The Union Cabinet has approved a wider Phase II Chennai Metro programme spanning about 119 km and 128 stations, expanding rail connectivity across the city, including the north-western suburbs.
New highway flyovers are planned at key junctions including Ambattur Estate bus depot and Avadi Bus Stand, sharing structures with the metro viaduct to ease congestion on approach roads.
One of South Asia's largest industrial estates, now also home to IT parks such as Ambit IT Park and Prince Info Park, continues to anchor employment demand in the immediate vicinity.
Korattur railway station on the Chennai Central-Arakkonam/Tiruvallur line provides established commuter rail access to the wider city, complementing planned metro expansion in the area.
At approximately 16.33 acres, the site is among the larger single land assemblies for premium residential development transacted recently in Chennai, allowing for a genuinely master-planned community rather than a standalone tower.
The project combines Prestige Group, a developer with nearly four decades of history and 313 delivered projects spanning 206 million sq ft, with Arihant Foundations and Housing, a Chennai-based developer with over 25 million sq ft delivered.
The site sits close to Anna Nagar, one of Chennai's most established residential micro-markets, giving residents access to a mature ecosystem of schools, hospitals, retail and civic infrastructure built up over decades.
With a proposed saleable area of about 3.6 million sq ft, the development is scoped to include a wide range of amenities and open spaces across its master plan.
The Padi-Ambattur belt is set to benefit from the Chennai Metro's Koyambedu-Pattabiram extension and existing suburban rail links via Korattur station, adding to the area's transport options over the coming years.
The immediate neighbourhood already has schools, hospitals, temples, markets and Korattur Lake in place, giving residents day-one access to civic and lifestyle infrastructure rather than waiting for it to develop.
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