Prestige Pallavaram Gardens, Pallavaram – 2, 3 & 4 BHK in Chennai

Prestige Pallavaram Gardens starts at ₹1.21 Cr for the 2 BHK Compact of 1,001 Sq.Ft. The 2 BHK Regular is ₹1.35 to 1.55 Cr, 3 BHK homes run from ₹1.51 Cr to ₹2.35 Cr and the 4 BHK + Maid of 2,699 to 2,750 Sq.Ft. is ₹3.06 to 3.56 Cr.

Pallavaram Gardens is on a pay-25%-yearly plan: 10% on booking, 15% within 60 days, 25% in June 2027, 25% in June 2028, 20% in May 2029 and the last 5% in June 2029. The 2 BHK Compact starts at ₹1.21 Cr.

Prestige Pallavaram Gardens offers apartment sizes from 1,001 sft to 2,750 sft super built-up across 2 BHK, 3 BHK, and 4 BHK + Maid’s Room configurations. Specifically: 2 BHK Compact 1,001 sft, 2 BHK Regular 1,229 sft, 3 BHK Compact 1,352 sft, 3 BHK Regular 1,560-1,650 sft, 3 BHK Large 1,770 sft, 4 BHK + Maid 2,699 sft, and 4 BHK + Maid Premium 2,735-2,750 sft. All configurations are designed with cross-ventilation, natural light, and Vastu-compliant orientation. Sample show flats for 2 BHK and 3 BHK are currently ready at the project site for buyer walkthrough as of Mar 2026.

The Prestige Pallavaram Gardens master plan unfolds across 21.84 acres (88,389 sqm) on the 200ft Pallavaram-Thoraipakkam Radial Road. The development comprises fourteen blocks: thirteen residential blocks (Blocks 1-13) configured G+14 with two combined extended basements housing 2,069 apartments, plus a dedicated clubhouse block (Block 14) configured G+5 with approximately 5,694 sqm (~61,302 sft) of indoor amenity envelope. Block-by-block unit allocation: Block 1: 116 units, Block 2: 58, Block 3: 249, Block 4: 58, Block 5: 88, Block 6: 88, Block 7: 58, Block 8: 88, Block 9: 176, Block 10: 352 (largest), Block 11: 174, Block 12: 264, Block 13: 300. Total 2,069 dwelling units. Parking allocation: 2,668 covered + 288 open + 210 visitor = 3,166 spaces. Master plan includes 50+ amenities, multiple swimming pools, tennis and basketball courts, cricket practice, jogging and cycling tracks, landscape lawns, sensory and aromatic gardens, amphitheatre, party lawn, and senior citizen and pet zones.

Prestige Pallavaram Gardens is located on the 200ft Pallavaram-Thoraipakkam Radial Road in South Chennai (specifically Zamin Pallavaram Village Block 25 + Nemilichery Village Block 19 per the TNRERA filing). The address falls under Tambaram Corporation jurisdiction in Chengalpattu district (post-2017 administrative reorganization) with pin code 600043. Coordinates: 12.9527° N, 80.1647° E. Immediate IT-park adjacency includes Embassy TechZone, CapitaLand IT Park, and Featherlite IT Park - all within 100 metres.

Yes. Prestige Pallavaram Gardens is registered with the Tamil Nadu Real Estate Regulatory Authority (TNRERA) under registration number TN/35/Building/0224/2025 dated 28-Jun-2025. Project type: High Rise Building (HRB), Mixed Development. Stage of Construction at filing: Not Yet Started. Project Completion Date (RERA-proposed): 31-Dec-2029. The project also holds CMDA planning permission OL-PP/HRB/0007/2025 dated 26-Feb-2025 (validity 25-Feb-2033) and Tambaram Corporation building license 009/BL/2025/02/021/00476 dated 20-May-2025. Total Project Cost certified at ₹2,088.34 Cr (₹452.08 Cr land + ₹1,636.25 Cr construction).

Prestige Pallavaram Gardens is developed by Prestige Group, one of India’s most established and listed real-estate developers, founded in 1986 and headquartered in Bengaluru (BSE: PRESTIGE). The promoter entity is M/s Prestige Pallavaram Estates Private Limited - a wholly-owned special-purpose vehicle (SPV) of the Prestige Group. Across nearly four decades, Prestige has delivered close to 200 projects spanning more than 60 million square feet, with another 40 million square feet under active development across Bengaluru, Chennai, Hyderabad, Mumbai, Pune, NCR, Goa, Kochi, and Mangaluru. The group has an aggregate sales target exceeding ₹50,000 Cr by FY29-30 reflecting one of the most ambitious growth roadmaps in Indian real estate. For Prestige Pallavaram Gardens specifically, the principal contractor is Larsen and Toubro Limited (L&T) - one of India’s tier-1 construction firms with a 110-year track record across 600+ landmark projects. Architectural design is by K Jamal Mohideen (Council of Architecture registered since 1983). Structural design by Sterling Engineering (Bengaluru, established 2019). Project escrow is held with Kotak Mahindra Bank, Lavelle Road Branch Bengaluru.

The RERA-proposed project completion date for Prestige Pallavaram Gardens is 31-December-2029. As of Mar 2026, construction is approximately 10% complete. The project was registered with TNRERA in June 2025, CMDA planning permission obtained in February 2025, and Tambaram Corporation building license obtained in May 2025. Early-priority blocks may complete and offer block-sequential handover from 2028 onwards, with the full master plan (including all amenities and the dedicated G+5 clubhouse block) completed by the 31-Dec-2029 RERA deadline.

For investors with a 5-7 year horizon, Prestige Pallavaram Gardens offers a strong infrastructure-catalyst story combined with tier-1 brand and construction credentials. Buy thesis: Prestige Group brand pedigree with 40-year track record; Larsen and Toubro Limited as principal contractor; 21.84-acre integrated township scale; Chennai International Airport 5 km adjacency; 100-metre walk to Embassy TechZone, CapitaLand IT Park, and Featherlite IT Park; ~65,000 sft clubhouse with 50+ amenities; CMDA and TNRERA approvals in place; Pallavaram locality has appreciated 18.3% in the last year and 48.7% in the last 3 years per 99acres locality data; Chennai Metro Phase 2 Corridor 3 (Madhavaram-SIPCOT) under construction with target operational 2027-2029 will improve metro connectivity. Forward 5-year capital appreciation expectation: ~12-15% annual at project level (above Chennai baseline of 8-10% but tempered from the recent year’s exceptional pace as new supply enters the corridor). Trade-offs: 3.5-year wait until December 2029 handover; Tamil Nadu’s 11% transaction-cost stack is the highest among major Indian metros; entry pricing at ~₹9,700-10,500/sft positions at the premium end of Pallavaram; 2,069-unit scale plus competing launches may pressure resale liquidity at handover; AAI airport-height restrictions cap at G+14. For investors comfortable with these flags and a 5-7 year hold, Prestige Pallavaram Gardens is the cleanest tier-1 pick in the South Chennai airport corridor.

For Prestige Pallavaram Gardens, projected gross rental yield post-handover (2029-2030) tracks the broader Pallavaram apartment rental market. Indicative gross rental yield: 2 BHK (1,001-1,229 sft) ~3.5-4.5% gross, ~₹30,000-42,000 monthly furnished rent; 3 BHK (1,352-1,770 sft) ~3.0-4.0% gross, ~₹40,000-65,000 monthly; 4 BHK + Maid (2,699-2,750 sft) ~2.5-3.5% gross, ~₹75,000-1,10,000 monthly. Pallavaram locality average gross yield ~4% per 99acres data - among the higher rental-yield localities in Chennai supported by IT-corridor tenant demand (Embassy TechZone, CapitaLand, Featherlite, OMR commute base) and airport-proximity premium. Net yield after maintenance fees (typically ₹3-5 per sft per month for Prestige-tier projects), property tax (Tamil Nadu rates), and 5-10% vacancy buffer compresses to ~2-3% net. Tenant pool: IT professionals from adjacent tech parks, airline crew and cabin staff, aviation-sector professionals, NRI families using Chennai base, and corporate executives valuing airport proximity. Furnished apartments command 15-25% rental premium over unfurnished.

This is one of the most airport-proximate apartment projects in Chennai. For IT-park adjacency, the project is exceptionally well-positioned: Embassy TechZone, CapitaLand IT Park, and Featherlite IT Park are all within 100 metres - immediate walking distance. Olympia Technology Park is 10-12 km. The OMR (Old Mahabalipuram Road) IT corridor opens up at 9 km, with RMZ Millennia and Tidel Park Taramani at 12-14 km, DLF IT Park Manapakkam at 10 km, and SIPCOT IT Park Siruseri at 20 km. Sholinganallur tech parks at 14-16 km. Manapakkam Industrial Belt at 10 km. Guindy Industrial Estate at 9 km. The 200ft Pallavaram-Thoraipakkam Radial Road frontage provides direct east-west access connecting GST Road (Pallavaram side) and OMR (Thoraipakkam side) - the spine corridor through South Chennai’s tech belt.

Tamil Nadu has one of the highest property transaction-cost stacks among major Indian metros. On a ~₹3.42 Cr 4 BHK Premium: ~₹37.62 lakh statutory. Plus typical 1-2% authorised channel partner fee. Plus 5% GST on the under-construction base value (built into the all-inclusive quoted price by Prestige). Compared to Karnataka (~7-8%) and Maharashtra (~7-8%), Tamil Nadu’s 11% means roughly ₹3-4 lakh additional registration cost on each crore of property value.

Prestige Pallavaram Gardens offers 50+ amenities across an integrated master plan with a dedicated G+5 clubhouse block (Block 14, ~65,000 sft per market sources / ~61,302 sft FSI per TNRERA filing). Indoor amenities (inside the clubhouse block): main swimming pool, kids’ pool, lap pool, modern gymnasium, mini theatre, library, indoor games room, indoor badminton court, yoga and dance room, spa, sauna, steam room, multipurpose hall with service kitchen, restaurant and cafe, convenience store, salon, co-working space, conference room, guest suite rooms, billiards pool table. Outdoor amenities (across master plan): tennis court, basketball court, cricket practice pitch, outdoor gym, skating rink, outdoor chess court, multipurpose court, jogging track, cycling track, reflexology pathway, amphitheatre, party lawn, BBQ pavilion, sensory garden, aromatic garden, butterfly garden, senior citizen lounge, pet park, children play area, toddlers play area, manicured landscape lawns. Infrastructure: 2,668 covered + 288 open + 210 visitor parking spaces, EV charging points, 24x7 manned security, CCTV surveillance, intercom connectivity, power backup for common areas, on-site Sewage Treatment Plant, rain water harvesting, solar renewable energy provision on terrace, concrete internal roads, full MSB fire fighting compliance.

Prestige Pallavaram Gardens specifications reflect Prestige Group’s premium-tier standards. Structure: RCC framed structure with shear-wall reinforcement for the G+14 high-rise blocks; two combined extended basements with structural waterproofing. Walls: concrete-block masonry with internal cement plaster and Asian Paints emulsion finish; external textured paint with weather-resistant coating. Flooring: vitrified tiles in living, dining, bedrooms, and kitchen; anti-skid ceramic in bathrooms and balconies. Kitchen: granite platform with stainless-steel sink, ceramic tile dado up to ceiling height, provision for hob, chimney, and refrigerator. Bathrooms: branded Kohler sanitary-ware and fittings, glass partition between wet and dry areas, ceramic tile dado, false ceiling. Doors: engineered wooden main door with biometric lock and video doorbell; veneered flush doors for bedrooms; aluminium-framed sliding doors for balconies and utility. Windows: aluminium frames with sliding shutters and tinted glass; mosquito mesh provision. Electrical: concealed copper wiring with modular switches; provision for ACs in all bedrooms and living; power backup for common areas + partial backup for apartments. Lifts: high-speed Otis / Schindler lifts (two passenger + one service per block); MSB norm compliance for emergency evacuation.

Suitable for single professionals, dual-income couples, first-time NRI buyers, and investors targeting rental yield. The 1,001 sft Compact is the volume tier; the 1,229 sft Regular adds more breathing room. 3 BHK (1,352-1,770 sft, ~₹1.40-1.98 Cr): three bedrooms, foyer, equipped kitchen with utility area, three bathrooms, balcony. Suitable for nuclear families with children, joint families with grandparents, and households wanting a separate study or guest room. The 1,352 sft Compact is the entry; the 1,560-1,650 sft Regular is mainstream; the 1,770 sft Large is premium. 4 BHK + Maid’s Room (2,699-2,750 sft, ~₹2.75-3.42 Cr): four bedrooms plus a dedicated maid’s room (with attached bathroom), large living-dining, equipped kitchen, multiple bathrooms, larger balconies. Suitable for HNI families, multi-generational households, and CXO-tier buyers prioritising space and privacy. Each configuration is offered across multiple of the 13 residential blocks; smaller blocks (Block 2, 4, 7 at 58 units each) likely concentrate the larger configurations.