Chennai Real Estate and Prestige Falcon City

Most prestigious Falcon City reviews give this 23-acre project a high 4.8 out of 5 stars because of its grand 70,000 square feet clubhouse and huge open green spaces. The builder, Prestige Group, holds a top CRISIL DA1+ trust rating and plans to set up 22 tall towers here. Each building rises 14 floors high, giving you plenty of fresh air and sunlight.

This project solves the biggest worries for home buyers by offering 24-hour security, clean water systems, and top-tier construction quality. The massive clubhouse includes a relaxing spa, social rooms, and indoor sports courts. Here are the core facts you need to know about the project layout:

• Building Plan: Every tower has 2 basements for car parking, a ground floor, and 14 floors of living space.
• Green Spaces: The project keeps 80% of the land open for gardens, walking paths, and beautiful parks.
• Legal Safety: The project matches all TNRERA state rules, keeping 70% of your money safe in a separate bank account.

The official prestige Falcon City price starts at ₹1.30 Crores for a standard 2 BHK flat and goes up to ₹3.54 Crores for a large 4 BHK luxury layout. These prices are locked in for the pre-launch phase until December 15, 2026. The cost changes based on the total square feet of the flat you choose to buy.

Expected prestige Falcon City rent will range from ₹35,000 to ₹90,000 per month, depending on whether you choose a 2 BHK or a 4 BHK home. This translates to a strong 3.5% to 4.2% rental yield every single year. Over 30,000 tech professionals work nearby at ELCOT SEZ, which creates a large pool of high-paying tenants.

• 2 BHK Units ─ ₹35,000 - ₹42,000 / month
• 3 BHK Units ─ ₹48,000 - ₹60,000 / month
• 4 BHK Units ─ ₹75,000 - ₹90,000 / month

Tenants in South Chennai prefer premium gated flats because they come with power backup, gyms, and tight security. Since this project sits close to Gleneagles Global Hospital, many medical experts and doctors will also look to rent homes here. It ensures your property will rarely stay empty.

Future prestige Falcon City resale values are expected to rise by 15% to 20% compared to smaller, unbranded apartments nearby. The Prestige brand name has a long track record of helping home buyers gain higher profits when they sell their homes later. Buyers are always willing to pay more for properties that are well-maintained.

Investors who buy their homes early in the pre-launch phase get the best price protection. Apartments on higher floors (10th floor and up) usually sell for a higher premium because they offer clear views of the green landscape. This makes them highly attractive in the second-hand housing market.

This project sits directly on the Medavakkam-Sholinganallur Road, which connects the OMR tech corridor to the Chennai International Airport in 30 minutes. It acts as a primary bridge between major employment areas and residential zones. You do not have to spend hours sitting in heavy city traffic every day.

The neighborhood offers everything a family needs within a short driving distance:

• Workplaces: You can drive to major tech hubs like Sholinganallur in 5 minutes and Velachery in 10 minutes.
• Metro Access: The upcoming Medavakkam Metro Station is less than 1 kilometer away from the main gate.
• Schools & Hospitals: Top choices like Global Hospital are just 2.5 kilometers away from your front door.

The master plan uses 23 acres of land to host 22 high-rise towers while leaving 80% of the ground completely open for parks. The builders have focused heavily on creating a resort-style living experience for all age groups. It provides a peaceful escape from the noisy, crowded parts of the city.

The amenities are split into clean, organized areas so everyone can enjoy their free time:

• Sports Fields: You get a full-size indoor squash court, badminton areas, and rubber tracks for morning runs.
• Relaxation Zones: The grounds include a rooftop swimming pool, a warm indoor pool, and special rooms for yoga.
• Daily Needs: The project will have an internal grocery store, a medical pharmacy, and private halls for family parties.

Construction work begins officially in December 2026, and the final key handover will take place on December 31, 2031. The engineering team follows a strict 5-year timeline that is monitored closely by the state government housing board. All initial ground clearing and boundary walls are already complete.

The project timeline shows exactly how the construction will progress over the years:

November 25, 2026 | Pre-Launch Phase & EOI Openings Buyers can fill out Expression of Interest (EOI) forms to block early launch prices before the official public release.

December 15, 2026 | Official Launch Phase The builder shares the final government-approved plans, RERA registration numbers, and structural blueprints with the public.

June 30, 2031 | Core Structural Completion All 22 high-rise towers reach their full architectural height, and the main 70,000 sq. ft. clubhouse construction finishes completely.

December 31, 2031 | Final Possession & Key Handover The apartments receive their final paint, tiles, and utility checks before owners receive their keys for move-in.

Buying a pre-launch flat requires a small booking token followed by regular milestone payments linked directly to the construction progress. This systematic method protects your savings and gives you ample time to arrange home loans. Here is the step-by-step path you need to follow:

1. Submit Your Expression of Interest: Phase 1.

Fill out the basic booking form and pay the initial token amount to lock in the early price.

2. Verify Government Registration Docs: Phase 2.

Check the official TNRERA portal to ensure the project has all its legal approvals in place.

3. Sign the Official Allotment Letter: Phase 3.

Read through your exact floor plan size, final carpet area, and the future payment dates carefully.

4. Make Progress Payments Over Time: Phase 4.

Pay the remaining amounts in steps as the builders complete each floor of your tower up to 2031.