Prestige Falcon City Chennai FAQs

Prestige Falcon City Chennai is a top-class residential gated community launched by Prestige Group. It is one of the most awaited prelaunch projects that will comprise amenities, apartments, and a modern lifestyle.

The project is located in South Chennai, and its address is Medavakkam-Sholinganallur Road in Medavakkam, South Chennai, Tamil Nadu 600100. It has good access to OMR, Medavakkam, Pallikaranai, and Velachery areas.

The project is developed by Prestige Group, one of India's leading real estate developers.

The township offers spacious 2 BHK, 3 BHK, and luxury apartment configurations. Their floor plans range between 1,001 sq ft and 2,735 sq ft. The sizes of the units are:

• 2 BHK - 1001 sq. ft. to 1,220 sq. ft.
• 3 BHK - 1380 sq. ft. to 2150 sq. ft.
• 4 BHK - 2450 sq. ft. to 2735 sq. ft.

As of May 2026, the township is in the prelaunch stage and will be launched in Dec, 2026. Its mapping, plot planning, and fencing of boundary walls are done.

No, currently the project has applied for RERA and other necessary approvals. After the approval, it will be highlighted on the official websites of the project along with TG-RERA's official website.

The project site has housed over 25 well-crafted amenities, including a clubhouse, swimming pool, sports courts, parks, gym, etc. There are facilities for everyone in the township.

The launch date of the township is scheduled for 15th December 2026 and will take 5 years to get completed. Its possession date as of now is planned for December 2031.

The booking of the apartments will start from 1st December 2026 onwards, by giving the EOI amounts.

Yes, many buyers usually show interest during the prelaunch stage for better pricing benefits. In the early stage, buyers will get the units of their choice and the floors as well.

Buyers should verify RERA approval, title documents, building approvals, and payment details. The other local bodies also approve the project, which should be checked.

Yes, Prestige Chennai is a top choice for investment. It is a luxury project by Prestige Group. The location is good, in a prime tech area and is easy to get around from there with all kinds of transport available. In Medavakkam prices of properties have already gone up by 14% since 2024.

• Prestige Chennai seems like an option if you are looking to invest in a property. After Dec 2031, the prices are expected to rise and will yield buyers high ROI and rental income.

Yes, major banks like SBI, Federal Bank, Axis Bank, etc. will give loan approvals to the buyers. After RERA and other approvals, the banks will be able to give loans to interested buyers.

Yes, NRIs can invest in the project by following Indian property investment guidelines. They can check the terms and also submit their documents to have a safe, legal investment.

Yes, the township will have maintenance charges collected by every buyer in the booking stage. These charges will be taken in advance and paid for only 1 year at Rs. 72-75/sq. ft. After possession, the charges will be between Rs. 5 and 8/ sq. ft. taken monthly.

• The charges will be available in the official cost sheet of the project and clearly stated. The RWA, after the township's possession, will decide on the maintenance fees.

GST rules depend on the construction stage and current government regulations.

Yes, buyers can check the township's current status on its official sales partners' websites. They can also check the date wise construction on the official Telangana RERA website.

Yes, there will be payment plans for the buyers where they have to pay in installments. The Builders will provide construction-linked and flexible payment plans for buyers.

Yes, the project location offers access to major IT corridors, including ELCOT SEZ, Wipro, TCS, etc. These are within 12-15 Km away from the venture.

Buyers should check legal approvals, payment terms, project status, and builder documents before payment.