Prestige Estates Acquires 25-Acre Land in Chennai’s Medavakkam
Filing Summary
Prestige Estates Projects Limited has acquired a 25-acre land parcel in Medavakkam, Chennai, as announced on December 22, 2025. The land offers a development potential of approximately 5 million square feet, with an estimated revenue potential exceeding ₹5,000 crore. The site is intended for a large-format project. Medavakkam is a developing residential area near the OMR IT corridor, with improving infrastructure. Further project details will be disclosed later. Prestige Group continues to expand its portfolio in Chennai, reinforcing its commitment to the region’s real estate market.
Prestige Estates Projects Limited announced the acquisition of a 25-acre land parcel in Medavakkam, Chennai, on December 22, 2025. This acquisition marks a significant development for the company in the Chennai real estate market.
The acquired land offers a development potential of approximately 5 million square feet. The estimated top-line revenue potential from this development is over ₹5,000 crore. The site is proposed to be developed into a large-format project, aligning with Prestige Group’s focus on scale and planning efficiency.
Medavakkam is a rapidly developing residential micro-market in Chennai. It benefits from its proximity to the OMR IT corridor, improving road infrastructure, and upcoming metro connectivity. The area provides a balanced mix of accessibility and affordability, supporting sustained residential demand.
Further details regarding the project configuration and development timeline will be announced in due course. The project will adhere to Prestige Group’s established standards for design, quality, and timely delivery.
Prestige Group is a respected and diversified real estate developer in India. With a legacy of nearly four decades, the Group’s portfolio spans residential, commercial, retail, hospitality, and integrated townships across major cities. As of September 2025, Prestige Group has delivered 310 projects covering 202 million square feet and has a pipeline of 130 projects across 199 million square feet.