Prestige Velachery Phase 2 | Upcoming Homes by Prestige

The Address & The Vision

An Address Worth Owning

Prestige Velachery Phase 2 is an upcoming premium residential development planned for a 3.48-acre site in Chennai’s Velachery neighbourhood. Its planned development potential is approximately 750,000 sq ft. The project brings Prestige Estates Projects Limited and Arihant Foundations & Housing Limited together through Canopy Living LLP.

Velachery offers a distinctly connected Chennai setting, with established roads, rail access and daily conveniences close at hand. From the neighbourhood, residents can reach the Taramani and OMR employment belt and Guindy. The area’s malls, schools and healthcare facilities contribute to the wider residential fabric.

The project’s defining attributes announced to date are its Velachery location, scale and joint-venture development platform. Its land parcel and planned development potential set the foundation for a substantial residential address. The project’s architectural language and detailed specifications will take shape as planning progresses.

Velachery combines an established local community with access to important employment and transport corridors. The development’s estimated gross development value exceeds ₹1,600 crore, reflecting the scale envisaged for this Chennai residential opportunity. Chennai Metro Rail Phase II is also under development across the city, with three planned corridors.

Prestige Velachery Phase 2 brings two established development groups to a significant Chennai neighbourhood. Discover the location and the plans behind this upcoming address.

A Look Inside

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 1

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 2

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 3

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 4

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 5

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 6

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 7

PRESTIGE VELACHERY PHASE 2 CHENNAI, Chennai — Photo 8

Configurations & Pricing

Choose Your Space

Configuration	Size	Starting Price
Premium residential apartments An upcoming residential development planned on a 3.48-acre Velachery site in Chennai.		On request

Lifestyle

World-Class Amenities

Recreation

Shared resident recreation spaces
Indoor social gathering spaces
Community lounge areas
Leisure spaces for residents

Active

Resident fitness provision
Indoor exercise space
Active recreation areas
Wellness-oriented spaces

Community

Shared family gathering areas
Spaces for resident interaction
Community-oriented common areas
Everyday resident facilities

Greens & Outdoors

Outdoor resident spaces
Green areas within the community
Landscaped common spaces
Outdoor areas for quiet breaks

Master & Floor Plans

Detailed master plan and unit-wise floor plans available on request.

Preview only — request full plan

Location / Address

A Defining Address

Velachery, Chennai, Tamil Nadu · Chennai

Velachery is an established Chennai neighbourhood with everyday services, shopping and public transport woven into its urban fabric. Velachery Main Road and the 100 Feet Bypass Road connect the area to key parts of the city. The locality also sits within reach of the Taramani and OMR employment belt, as well as Guindy.

The planned development occupies a 3.48-acre site in Velachery. The Velachery MRTS station connects the area with the Chennai Beach–Velachery rail corridor. Phoenix MarketCity and Grand Square Mall add shopping and leisure options nearby, while schools and hospitals serve the surrounding neighbourhood.

Preview only — request full map

Connectivity

Location Advantages

Thoroughfares

Velachery Main Road — Serves the locality
100 Feet Bypass Road — Serves the locality
Chennai Beach–Velachery MRTS corridor — Rail access from Velachery

Corporate

Tidel Park, Taramani — Approximately 3.2 km from the project area
Ramanujan IT City, Taramani — Approximately 3.2 km from the project area
Guindy employment district — Connected through Chennai’s road network

Hospitality

Phoenix MarketCity, Velachery — Approximately 1.6 km from the project area
Grand Square Mall, Velachery — Approximately 2 km from the project area
Velachery neighbourhood dining and retail — Within the wider locality

Education

DAV Public School, Velachery — Approximately 0.5–1 km from the project area
Schools in the Velachery neighbourhood — In the surrounding locality
Educational institutions across Taramani and Guindy — Accessible via Chennai’s road network

Healthcare

Appasamy Krishna Hospital and Medical Research Centre — Approximately 2 km from the project area
Athipathi Hospital and Research Centre — Approximately 1.5 km from the project area
Healthcare services in Velachery — Within the wider neighbourhood

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Beyond the Project

Infrastructure & Growth

Chennai Metro Rail Phase II

The city’s approved Phase II plan comprises three corridors and is under development, adding a major public-transport programme to Chennai’s evolving connectivity network.

Madhavaram–SIPCOT corridor

One of the three planned Chennai Metro Phase II corridors, this route forms part of the wider city network being developed to connect residential and employment areas.

Lighthouse–Poonamallee corridor

This planned Phase II route is part of Chennai’s expansion of metro coverage, broadening the citywide public-transport network as the programme advances.

Madhavaram–Sholinganallur corridor

A further Phase II corridor in the approved Chennai Metro plan, this route contributes to a wider network serving multiple parts of the metropolitan area.

Three-corridor metro expansion

The Phase II programme’s three corridors represent a significant public-transport investment for Chennai. The planned network adds long-term transport context to a Velachery address.

Build Quality

Specifications

Development

Planned premium residential development
Located on a 3.48-acre land parcel

Scale

Approximately 750,000 sq ft planned development potential
Estimated gross development value exceeding ₹1,600 crore

Development entity

Developed through Canopy Living LLP
Joint venture of Prestige Estates Projects Limited and Arihant Foundations & Housing Limited

Location

Velachery, Chennai, Tamil Nadu
Access to Velachery Main Road and the 100 Feet Bypass Road

Connectivity

Velachery MRTS station serves the locality
Chennai Beach–Velachery MRTS provides rail access toward central Chennai

Residential planning

Premium residential use
Planned within an established Chennai neighbourhood

Why Invest

Compelling Reasons

1

A significant Velachery land parcel

The planned development occupies 3.48 acres in Velachery, an established Chennai neighbourhood. Its location brings the project into a residential setting served by key roads, rail access, retail, education and healthcare facilities.

2

A substantial development vision

The site has planned development potential of approximately 750,000 sq ft. That scale gives the project a meaningful presence in the Velachery residential landscape, while keeping its identity rooted in a specific Chennai locality.

3

Prestige and Arihant in one venture

The project is being developed through Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations & Housing Limited. Prestige’s 2025 announcement described Arihant as a Chennai developer with more than four decades of experience and a delivery track record exceeding 25 million sq ft.

4

Established urban connections

Velachery Main Road and the 100 Feet Bypass Road serve the neighbourhood, and the Velachery MRTS station connects with the Chennai Beach–Velachery rail line. The locality also sits within reach of Taramani, the OMR employment belt and Guindy.

5

Everyday destinations nearby

The wider area includes Phoenix MarketCity and Grand Square Mall, along with DAV Public School and hospitals serving Velachery. These nearby destinations contribute to the established urban setting around the proposed residential address.

6

Part of Prestige’s Chennai presence

Prestige Group’s Chennai portfolio includes Prestige Pallavaram Gardens, launched in June 2025. The Velachery proposal adds a joint-venture development to the group’s activity in the city, with Arihant Foundations & Housing bringing a longstanding Chennai presence.

About the Developer

Prestige Developments

Prestige is an Indian real estate development company headquartered in Bangalore, founded by Razack Sattar in 1986, with developments in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR. The company is listed on the BSE and NSE as Prestige Estates Projects Limited and operates from Prestige Falcon Tower on Brunton Road, Bengaluru. As of March 2025, the group had delivered 302 projects spanning 193 million square feet, with 63 ongoing projects covering 115 million square feet, 67 planned projects across 88 million square feet, and a 689 acre land bank. The business is led today by Chairman and Managing Director Irfan Razack, alongside Joint MD Rezwan Razack and Whole-time Director Noaman Razack.

The group's signature approach combines scale with institutional discipline. Prestige Estates Projects Ltd holds CRISIL's highest developer grade, DA1+, which reflects strong execution capability, financial stability and transparent documentation, and the rating was reaffirmed in 2025, making Prestige the only real estate company in India to hold DA1+. The company also carries an ICRA A+ credit rating and was among the first real estate developers in Bangalore to secure ISO 9001 certification. Project planning is supported by long-tenured leadership in engineering, design and execution, with multi-decade veterans overseeing delivery across the residential, office, retail, hospitality and warehousing verticals.

The portfolio spans every major asset class in Indian real estate. The residential business has completed 150 projects comprising 127 million square feet, with 37 ongoing projects for 65 million square feet and 30 projects under planning for 75 million square feet, while the commercial office business has completed 125 projects comprising 50 million square feet with 12 ongoing projects for 23 million square feet. Prestige has developed retail malls, large townships, tech parks, luxury villas, SEZs and hotels such as Conrad, Sheraton Grand and JW Marriott amongst others. Landmark addresses include UB City, Prestige Shantiniketan, Prestige Golfshire, Prestige Lakeside Habitat, Prestige Kingfisher Towers, The Forum malls and the large-format Prestige City townships.

Ownership remains anchored in the Razack family while the operating company is publicly listed and professionally governed. Prestige emphasises sustainable construction through green building certifications, water conservation systems, solar energy use and waste recycling initiatives across major projects, aligning with a vision of responsible urban development. In May 2025, Prestige Group announced its entry into NCR with the launch of The Prestige City-Indirapuram in Ghaziabad, extending a southern-rooted franchise into India's largest housing market. The combination of family stewardship, listed-company transparency and a 689 acre land bank underpins the group's next decade of development.

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Frequently Asked Questions

What is the price of Prestige Velachery Phase 2?+

The project’s official pricing has not been announced. The development is planned for Velachery on a 3.48-acre land parcel.

What configurations are planned at Prestige Velachery Phase 2?+

The development is planned as a premium residential project. Two-, three- and four-bedroom homes have been reported as expected formats, without a confirmed size schedule.

Is Prestige Velachery Phase 2 RERA approved?+

The project is at the upcoming, pre-registration stage. A project-specific Tamil Nadu RERA registration has not been announced.

When is possession expected at Prestige Velachery Phase 2?+

A project possession date has not been announced. Prestige Group and Arihant Group announced their land-acquisition agreement on June 27, 2025.

Where is Prestige Velachery Phase 2 located in Chennai?+

The planned residential development is in Velachery, Chennai. Velachery Main Road, the 100 Feet Bypass Road and the Velachery MRTS station serve the wider locality.

What amenities and home-loan options are available at Prestige Velachery Phase 2?+

A project-specific amenity schedule and project-specific home-loan approvals have not been announced. The development is being planned through Canopy Living LLP, the joint venture of Prestige Estates Projects Limited and Arihant Foundations & Housing Limited.