Prestige Group expands Chennai presence with major launch

Prestige Estates Projects Limited (BSE: 533274) has announced the launch of Prestige Pallavaram Gardens, a new residential project in Chennai with a Gross Development Value (GDV) of INR 3,350 crore. Situated on 21.84 acres along the Pallavaram-Thoraipakkam Radial Road, the project will feature 2,069 premium apartments in 2, 3, and 4 BHK configurations, offering a total saleable area of 3.1 million square feet. The development aims to provide an elevated lifestyle experience, highlighted by a 65,000 sq. ft. clubhouse with comprehensive amenities. This launch marks the beginning of a broader expansion strategy for Prestige Group in Chennai and reflects the company's confidence in the city's real estate market.