Prestige Launches Prestige Palm Court in Madhavaram, North Chennai with ₹1,330 Crore GDV
Prestige Palm Court Launch: North Chennai's Largest August Announcement
Prestige Estates received TNRERA registration for Prestige Palm Court on 3 August 2026 (TNRERA/29/BLG/0265/2026) and officially launched on 8 August 2026. The residential development spans 7.98 acres in Madhavaram and comprises 910 premium apartments across 5 towers of Ground + 22 Floors with 2 basements, with an estimated gross development value of ₹1,330 crore.
Location and Site Specifics
The project is located on the Grand Northern Trunk Road (GNT). Madhavaram is becoming a well-connected residential area in North Chennai, with good transport facilities and upcoming infrastructure improvements. Madhavaram has established itself as a viable residential option while retaining its serene atmosphere and abundance of natural features.
The project is positioned near KVT Multi-Speciality Hospital and St. Anthony's Hospital, serving the healthcare community and executives from the Ambattur and Puzhal industrial zones. Proximity to the Madhavaram Truck Terminal and nearby manufacturing SEZs ensures steady rental demand from corporate employees and senior management.
Infrastructure and Metro Connectivity
Chennai Metro Phase II connects Madhavaram through Corridor 3 towards SIPCOT and Corridor 5 towards Sholinganallur, supporting residential demand from professionals working in Ambattur, Perambur, Puzhal and nearby logistics and industrial hubs. The Madhavaram Mofussil Bus Terminus increases accessibility for residents of North Chennai, and planned Chennai Metro Rail will make commuting even more convenient.
Unit Configuration and Pricing
Launch prices start at ₹70 lakhs, with five apartment options: 1 BHK Optima, 2 BHK Classic, 3 BHK + 2T Aspire, 3 BHK + 3T Premia, and the exclusive Penthouse (E). Unit sizes range from 637 to 3,436 sq. ft., including 2 penthouses.
Regulatory Status and Possession Timeline
The site is in the foundation and site-development phase, on track for possession by 31 December 2030. The project is RERA-registered under TNRERA/29/BLG/0265/2026, with possession scheduled for 31 December 2030.
Prestige Group Track Record in Chennai
The Prestige Group was established in 1986 and is one of the most well-known names in Indian real estate, with major hubs in Bangalore, Chennai, Kochi, Hyderabad, Goa, and Mangalore. The Group has delivered 310 projects spanning 202 million square feet and currently has a pipeline of 130 projects across 199 million square feet. In recent months, the company has emphasized its long-term view on Chennai, acquiring land in Medavakkam to address the city's sustained mid-segment housing demand supported by improving infrastructure and proximity to key employment hubs.
Area Development Context
The Tamil Nadu government's T.N. Tech City Project in Madhavaram, implemented by TIDCO, spans over 150 acres and is designed to attract global and domestic investments in IT, IT-enabled services, global capability centers, Fintech, and Deeptech sectors. The Tech City project is expected to act as a magnet for new investments, stimulating demand for residential properties in surrounding areas.