Prestige Group traces its origins to a Bangalore retail venture started by Razack Sattar and was formally established as a real estate company in 1986, going on to develop residential and commercial projects across Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR. Founded by Razack Sattar in 1986, Prestige has developed residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR. In Chennai specifically, the group's imprint predates its residential push in the southern suburbs: the company has completed and ongoing projects in Chennai spanning commercial and retail segments, including Prestige Cyber Towers, Prestige Polygon and Prestige Palladium, and the Forum Vijaya Mall, Chennai's largest mall, was unveiled in 2013. The group also entered the township segment in the city early, launching Chennai's first township project, a Rs. 1,000 crore development, in partnership with the Rattha Group in 2012. That combination of commercial anchors and large-format residential land parcels is the backdrop against which the group's Perumbakkam entry should be read.
Prestige Perumbakkam is positioned as a gated community near Sholinganallur and Medavakkam. It covers 15 acres and includes more than 1,500 homes. Options include 2 and 3 BHK flats from 900 to 1,600 sq. ft., priced between ₹76.5 Lakhs and ₹1.68 Crore, or ₹8,500 to ₹10,500 per sq. ft. The project was launched in early 2024 under RERA ID TN/29/BUILDING/0002/2024, with possession expected by 2028–2029. On the amenity side, residents get a clubhouse, pool, gym, and sports courts, and the project sits close to PSBB Millennium School and Global Hospital. Road access is a stated selling point too: strong road links to OMR, Velachery, and Tambaram make it a notable choice among the area's residential projects.
Prestige Perumbakkam does not stand alone in the developer's South Chennai portfolio. As of June 2025, buyers could choose from seven ongoing and completed Prestige developments spread across areas like OMR, Perumbakkam, Sholinganallur, Porur, and RA Puram. Close to Perumbakkam itself, the group has built Prestige Courtyards in Sholinganallur, a project of 4 floors and 548 units across 11 towers on 11.34 acres, registered under RERA Number TN/01/BUILDING/0069/2018. A few kilometres north on the IT corridor, Prestige Pallava Gardens in Perungudi adds another data point on the group's pricing ladder: the site spans 4.24 acres and offers 2, 3, and 4 BHK homes from 1,300 to 2,800 sq. ft., priced ₹1.43 Crore to ₹3.92 Crore, launched in early 2025 under RERA ID TN/29/BUILDING/0270/2024 with completion targeted between 2029 and 2030. Seen together, Prestige's Perumbakkam project sits at the accessible end of a portfolio that stretches from mid-segment apartments to the completed ultra-luxury villa enclave Prestige Silver Springs in Vettuvankeni, where 125 private villas sized 4,684 to 7,291 sq. ft. carry resale rates starting at ₹6.5 Crore. That range gives a Perumbakkam buyer a reference point for how the same developer prices differently as the OMR corridor moves from Sholinganallur toward Injambakkam and ECR.
Perumbakkam's relevance to a Prestige buyer is tied directly to the IT employment base along OMR. The locality has grown from a quiet residential area into an active one over the last few years largely because of the IT corridor between OMR and the IT campuses, where many workers wanted to live near their place of employment. Physical connectivity backs that up: the neighbourhood is close to the Chennai-Bangalore Expressway, which offers a fast route for residents travelling to other cities in the region, while Medavakkam Railway Station is located 4.6 km away and Chennai International Airport is roughly 16.6 km from Perumbakkam. The metro is also part of the near-term calculus for this stretch of South Chennai: Chennai Metro Phase II is expected to begin partial service in late 2025, boosting demand in Perungudi and Sholinganallur.
On the ground, Perumbakkam already carries the amenities a family-oriented gated community depends on. Renowned schools in the locality include Modern Senior Secondary School, Chellammal Vidyalaya Senior Secondary School, and Abacus Montessori School, while healthcare facilities include Global Hospital, Asian Hospital, and BM Hospital. On pricing, apartments in Perumbakkam are available at an average price of ₹6,450 per square feet, with the year-on-year change in average apartment prices in Perumbakkam running around 8.4%. Within this backdrop, Prestige Perumbakkam's ₹8,500–₹10,500 per sq. ft. band sits above the locality's blended average, reflecting the gated, clubhouse-led format and the developer's brand positioning rather than an entry-level product. For a buyer evaluating Prestige Group specifically, Perumbakkam functions as the mid-tier rung between the group's larger, more affordable Chennai launches and its premium OMR and RA Puram addresses — anchored to a corridor where IT-driven rental and resale demand has been the primary price driver for over a decade.