Prestige Estates Buys Chennai Land for Housing Project

25 Dec 2025 CW Team

Real estate developer Prestige Estates Projects Ltd has acquired a 25-acre land parcel in Chennai to develop a large-scale residential project with an estimated revenue potential exceeding Rs 50 billion. The company said the land is located in Medavakkam, a fast-growing residential corridor in the city.

In a regulatory filing, Prestige Estates stated that the acquired parcel offers a development potential of around 5 million square feet, positioning the project as a significant addition to its residential portfolio. The planned development is expected to capitalise on sustained housing demand in Chennai and contribute meaningfully to the company’s future revenue pipeline.

Infrastructure Transport

25 Dec 2025

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