16.38 Acres of Integrated Living in Padi-Korattur, Chennai
2 & 3 BHK, Villas, Plots, Offices, Retail Space · Price on Request
Prestige Padi Korattur is Prestige Group's upcoming address in the Padi-Korattur micro-market of Chennai. Prestige Group, through its joint venture firm Canopy Living LLP, has signed an agreement to acquire a premium 16.38-acre land parcel in the Padi-Korattur micro-market of Chennai for Rs. 561 crore. It is planned as a mixed-use community rather than a single-format residential block, with apartments, villas, plots, offices and retail spaces designed to sit within one masterplan.
The development is envisioned as a premium mixed-use township in Chennai with apartments, villas, plots, offices and retail spaces across 16.38 acres. The intent behind this format is straightforward: residents get homes, workspaces and everyday retail within walking distance of each other, rather than commuting across the city for each. Padi-Korattur's own character, an established residential base wrapped around an older industrial belt, gives this mixed-use ambition a genuine local logic rather than a marketing overlay.
Prestige Group's design language across its Chennai portfolio has typically paired functional masterplanning with generous open space, and a project of this scale allows for that same discipline to play out across residential towers, plotted development and commercial blocks in a coordinated sequence. Details of towers, unit sizes and amenities will be released as the project moves from land acquisition into formal launch.
Prestige Group is an Indian real estate development company headquartered in Bangalore, founded by Razack Sattar in 1986, and has since built a presence across Chennai, Hyderabad, Mumbai, Kochi and other major Indian cities. As of March 2025, the group had delivered 302 projects spanning 193 million square feet, with 63 ongoing projects covering 115 million square feet and a 689 acre land bank. The Padi-Korattur acquisition extends that footprint into a part of Chennai the group has not previously built a large-format community in, adding to an existing Chennai portfolio that includes projects in Pallavaram, Sholinganallur and Madhavaram.
Prestige Padi Korattur is currently at the pre-launch stage, with formal configurations, pricing and amenities to follow as approvals progress. Buyers tracking Prestige Group's Chennai pipeline will find updates on this address published as the project moves toward launch.
| Configuration | Size | Starting Price |
|---|---|---|
| 2 BHK Apartment Planned residential configuration within the mixed-use masterplan | On request | |
| 3 BHK Apartment Planned residential configuration within the mixed-use masterplan | On request | |
| Villa Low-rise residential format planned within the development | On request | |
| Plot Serviced land parcels planned as part of the township | On request | |
| Office Space Commercial workspace component of the mixed-use address | On request | |
| Retail Space Ground-level retail planned to serve residents and visitors | On request |
Detailed master plan and unit-wise floor plans available on request.
Padi-Korattur, Ambattur Taluk, Chennai · Padi-Korattur · Chennai
Padi-Korattur sits in North-West Chennai, a corridor long anchored by industrial and residential activity radiating out from Ambattur. The area has connectivity to Anna Nagar, Mogappair, Ambattur Industrial Estate and major arterial roads, placing it within easy reach of some of the city's most established commercial and civic hubs. Prestige Korattur is located in Korattur village, Ambattur Taluk, Chennai district, Tamil Nadu, and enjoys connectivity to Padi, Anna Nagar, Mogappair, Villivakkam, Ambattur and Korattur Railway Station. The locality has evolved from a primarily industrial hinterland into a mixed residential-commercial address over the past decade.
For this address specifically, the value lies in scale and access working together. The area is well served by the Chennai Bypass and CTH Road, with Anna Nagar reachable in 10 minutes and Chennai Central in 35 minutes. Korattur Railway Station and the Thirumangalam metro station on the Green Line sit within a short drive, giving residents rail, metro and arterial road access from a single address without the density pressures of the city's more built-out southern corridors.
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Planned metro corridors through the Anna Nagar-Koyambedu belt are expected to extend rail-based transit further into North-West Chennai, easing commutes for residents of the Padi-Korattur corridor.
The operational Green Line already anchors public transit for the Anna Nagar-Padi belt, with Thirumangalam metro station a short drive from Padi-Korattur, supporting daily commutes without private transport.
Continued industrial and light-engineering activity in the Ambattur and SIDCO Korattur estates sustains a steady base of local employment and rental demand around the micro-market.
Chennai's central bus terminus at Koyambedu, one of the city's largest transit hubs, sits within easy driving distance, giving Padi-Korattur residents wide intercity and intracity bus connectivity.
Ongoing road-widening and junction improvements along the Chennai Bypass and CTH Road are aimed at easing peak-hour movement between Padi-Korattur and Anna Nagar, Villivakkam and Ambattur.
At 16.38 acres, this is among the more sizeable single land assemblages Prestige Group has undertaken in Chennai's North-West corridor, allowing for a coordinated masterplan rather than a piecemeal build-out across smaller sites.
The plan brings apartments, villas, plots, offices and retail into one address, letting residents live, work and shop within the same development instead of depending entirely on the surrounding city for daily needs.
Padi-Korattur is a mature North-West Chennai neighbourhood with existing schools, hospitals, industrial employment and rail access, rather than a speculative fringe location still waiting for basic infrastructure to arrive.
Korattur Railway Station, the Thirumangalam metro station on the Green Line, and the Chennai Bypass all sit within a short distance, giving residents rail, metro and arterial road options from a single address.
Prestige Group has built and delivered hundreds of residential, commercial and mixed-use projects across Bangalore, Chennai, Hyderabad, Mumbai and other cities since 1986, backed by a CRISIL DA1+ developer rating.
The project extends a Chennai pipeline that already includes developments in Pallavaram, Sholinganallur and Madhavaram, reflecting sustained, rather than one-off, investment by the group in the city.
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