PRESTIGE PARK STREET — New Project Coming Up in Velachery, Chennai
Prestige Park Street Velachery Announced
Prestige Park Street is a residential apartment project in Velachery, South Chennai. The project spans 3.48 acres and holds 252 apartments distributed across 4 well-designed towers (A, B, C, and D). Bookings open October 5, 2026, with possession targeted for October 31, 2030.
Configuration and Pricing
Residents can select from spacious 3 and 4 BHK floor plans, with saleable areas ranging from 2,280 sq ft to 4,288 sq ft. Pricing for 3 BHK homes begins at Rs 4 Crores onwards. Each of the four towers is configured with two basement levels, a ground floor, and 18 stories.
Low-Density Design
The master plan dedicates 80% of the land area to open spaces. At roughly 72 units per acre, the density sits meaningfully below the 110 to 130 typical of comparable South Chennai high-rises, allowing wider tower spacing, better cross-ventilation, and less congestion at peak hours.
Amenities and Community Space
At the centre of Prestige Park Street is a 45,000 sq ft clubhouse, the social hub of the residential zone. It brings together indoor recreation, fitness and lifestyle facilities under one roof, opening onto the landscaped central park. The clubhouse sits on the central podium between the four towers — a deliberate planning choice that lets residents reach the amenity space weather-protected, in under two minutes' walk from the lift core. The project features over 45 amenities across large open spaces.
Location and Connectivity
The property is located at 140, Velachery Road, Velachery, Chennai, Tamil Nadu 600042. The site is roughly 7.3 km from Chennai International Airport via GST Road. The sales office is 1.2 km from Velachery Bus Terminus and about 8 minutes from Guindy Metro Station.
The Taramani Tech Belt, hosting Tidel Park and Ramanujan IT City, is approximately 3.2 km away. The project benefits from proximity to the OMR IT corridor and the upcoming Phase 2B of the Metro Blue Line.
About the Developer
Prestige Estates Projects Limited was incorporated in 1986 and is based in Bengaluru, India. The firm has completed over 184 projects spanning a total developed area of over 60.74 million sqft. It has another 57 ongoing projects comprising around 59.24 million sqft and 43 upcoming projects totaling 44.11 million sqft. The company develops residential projects such as apartments, villas, integrated townships, and plotted developments, as well as commercial properties including office parks, business parks, and warehousing assets.
Prestige Park Street is held through a joint venture between Prestige Estates Projects and Arihant Foundations, operating as Canopy Living LLP. Arihant Foundations and Housing Limited is a Chennai-headquartered listed developer with a long local record.
Velachery as a Location
Velachery is a fully mature South Chennai locality with around eleven schools, seven hospitals, two major malls including Phoenix MarketCity, and MRTS rail access. The Chennai Metro Phase 2 Blue Line is coming to the corridor. It is well connected to the OMR technology belt and reasonably placed for the airport.
Early Interest
Bookings at Prestige Park Street open on October 5, 2026. Expressions of Interest open in September 2026 and give early buyers first choice of homes and the pre-launch rate.