A new residential chapter for Velachery
Premium residential development · Price on Request
Prestige Velachery Chennai New Launch is an upcoming premium residential development planned by Prestige Group with Arihant Group. The project is associated with a 3.48-acre site in Velachery, South Chennai. Its announced development potential is approximately 750,000 sq ft.
Velachery brings together established neighbourhood amenities and links to key parts of South Chennai. Phoenix Marketcity, Grand Square, DAV Public School and Prashanth Super Speciality Hospital are among the locality’s recognised destinations. The setting offers a residential address within a well-connected urban district.
The project is at the planning stage, with its specific residential mix and design approach yet to be announced. The scale of the site provides the foundation for a substantial residential development. Its eventual architecture and landscape will take shape within Velachery’s established city context.
Prestige’s investor presentation places the Velachery residential development in its FY 2027 launch pipeline, with a 50% economic interest and 0.88 million sq ft development area. The site acquisition was announced in June 2025 through Canopy Living LLP, the joint venture vehicle involving Prestige Estates Projects Limited and Arihant Foundations & Housing Limited.
For homebuyers considering South Chennai, this upcoming address brings together a significant site, a prominent development partnership and access to Velachery’s transport network. Discover the project as its plans progress.
| Configuration | Size | Starting Price |
|---|---|---|
| Premium residential development A planned premium residential address in Velachery, South Chennai. | On request |
Detailed master plan and unit-wise floor plans available on request.
Velachery, Chennai, Tamil Nadu · Chennai
Velachery is a South Chennai neighbourhood with established residential, retail and institutional destinations. Its position links the southern suburbs with Guindy, Taramani, Perungudi, OMR and GST Road. The area combines everyday services with access to the city’s employment and transport corridors.
The planned residence occupies a 3.48-acre parcel in Velachery, with approximately 750,000 sq ft of announced development potential. Velachery MRTS serves the locality, and its extension to St Thomas Mount is now operational. From St Thomas Mount, residents can connect with suburban rail and Chennai Metro.
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The extension began service on March 14, 2026, linking Velachery MRTS with St Thomas Mount. The interchange there connects passengers with suburban rail and Chennai Metro, strengthening public transport options across South Chennai.
Corridor 5 forms part of the wider Chennai Metro Phase II network and is under construction or planning across the city. It represents a continuing expansion of rapid-transit infrastructure for Chennai, including its southern urban districts.
Velachery MRTS connects with the Chennai Beach–Velachery route, offering rail access through the city. With the St Thomas Mount extension operating, the station also links to a broader interchange for suburban rail and Metro services.
State highways officials were reported undertaking desilting and culvert-clearing work near Velachery MRTS in October 2026 to improve stormwater discharge. The works form part of local efforts to maintain drainage capacity.
Velachery’s existing road connections lead toward Guindy, Taramani, Perungudi, OMR and GST Road. These routes support movement between residential neighbourhoods, employment districts and wider transport corridors across South Chennai.
The planned development occupies a 3.48-acre parcel in Velachery, placing it within one of South Chennai’s established urban neighbourhoods. The site has approximately 750,000 sq ft of announced development potential, giving the project a significant footprint in this part of the city.
Prestige Group was established in 1986 and has reported 150 completed residential projects comprising 127 million sq ft. Its wider portfolio spans residential, commercial, retail, hospitality and integrated-township development, with Prestige Pallava Gardens among its Chennai projects.
Prestige Estates Projects Limited and Arihant Foundations & Housing Limited agreed to jointly acquire the land through Canopy Living LLP. Arihant’s company profile describes more than four decades of experience and a delivery track record exceeding 25 million sq ft.
Velachery MRTS links the locality to the Chennai Beach–Velachery route. The Velachery–St Thomas Mount extension began service in March 2026, connecting the station with an interchange at St Thomas Mount for suburban rail and Chennai Metro.
Velachery includes established retail and community destinations such as Phoenix Marketcity and Grand Square, alongside DAV Public School and Prashanth Super Speciality Hospital. These local amenities contribute to the established character of the neighbourhood.
Prestige’s investor presentation lists Residential @ Chennai, Velachery for a FY 2027 launch, with 0.88 million sq ft development area and a 50% economic interest. The presentation also lists 0.44 million sq ft as Prestige’s share in the development.
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