Prestige Falcon City Chennai Price
Prestige Falcon City Chennai price for 2, 3, and 4 BHK apartments ranges between ₹1.30 Crores onwards and ₹3.54 Cr onwards. The 2 BHK units start at ₹1.30 Crores onwards, 3 BHK units are priced from ₹1.57 Cr onwards, and 4 BHK premium apartments begin at ₹2.63 Cr onwards.
The project spans 23 acres with 22 towers and offers unit sizes between 1,001 sq ft and 2,735 sq ft, based on a pre-launch price update. The pricing is based on unit size, configuration, layout, and specific floor in a tower.
The detailed Prestige Falcon City Chennai price list for 2, 3, and 4BHK apartments is given in the table below,
| Unit Type | Size (sq. ft.) | Starting Price (Rs.) |
|---|---|---|
| 2 BHK | 1,001 sq. ft. - 1,220 sq. ft. | ₹1.30 Crores to ₹1.46 Crores |
| 3 BHK Compact | 1,380 sq. ft. - 1,550 sq. ft. | ₹1.57 Crores to ₹1.78 Crores |
| 3 BHK Large | 1,750 sq. ft. - 2,150 sq. ft. | ₹1.95 Crores to ₹2.29 Crores |
| 4 BHK Luxury | 2,450 sq. ft. - 2,735 sq. ft. | ₹2.63 Crores to ₹3.54 Crores |
Note:
- An additional floor rise charge will be added along with these prices if the apartment is above the 5th floor.
- The prices added above are base prices, and they will not include registration and stamp duty charges.
- A detailed cost sheet will be given to homebuyers after the official launch.
These prices are introductory, and they will increase by at least 5% after the official launch due to the high market demand in Chennai. The pre- launch price of Prestige Falcon City Chennai is set as per the latest price trend of the Medavakkam real estate market. Early buyers can benefit from a low price range of up to 20% in the prelaunch phase when booking their desired homes. The cost sheet, payment schedule, and price list will be released after the launch of the project.
Prestige Falcon City Chennai Payment Plan
A payment plan details the amount due that has to be paid at each instalment. It will have an explanation of the payment amount, and it will show when the payment has to be made as the project progresses. Buyers can enjoy risk-free instalments with the Prestige Medavakkam Payment Plan. The first payment that has to be made is 10% of the total amount. It is due when the unit is booked, and the remaining price is split into small instalments. Registration and stamp duty amounts must be paid when registering the flat.
As Prestige Falcon City Chennai is a RERA-approved project, the payment plan is divided into a simple payment structure.
- Buyers can pay a 10% of the apartment amount when booking any desired unit in the project.
- After the construction work starts, 10% of the total amount can be paid.
- When the Excavation course starts here, 10% of the total amount has to be paid.
- When the Plinth process starts here, 10% of the full amount has to be paid.
- When the Basement building starts here, 10% of the full amount has to be paid.
- When the Ground Floor building starts here, 10% of the full amount has to be paid.
- While the first-floor building starts here, 10% of the full amount has to be paid.
- When the Flooring process starts here, 10% of the full amount has to be paid.
- When the plumbing work starts here, 10% of the full amount has to be paid.
- At last, the remaining 10% of the amount can be paid during the possession of the project.
Prestige Falcon City Chennai Cost Sheet
Prestige Falcon City Chennai Cost Sheet is a document that offers a full breakdown of the property’s pricing. It helps homebuyers and investors to make easy financial decisions. The cost sheet links the final prices of many apartment options, where buyers can select the flats that suit their needs.
The Prestige Falcon City Chennai cost sheet will have information on:
- Base price
- Sale value
- Additional charges
- Carpet area cost
- Agreement value cost
- Taxes
- Build-up area cost
- Stamp duty charges
- Registration charges
- Total price
- Applicable GST for the Apartments
Price of Apartments in Medavakkam
Medavakkam is situated in Chennai’s south, and it is an excellent area for residential activity. As it is near the IT hubs of Velachery and Guindy, it is developing at a fast rate. It has good connectivity and a fast emerging social framework with a lot of shops, schools, malls, hospitals, and colleges. Investing in Medavakkam real estate is worth the investment as it will give a good return on investment.
The price range and rental price of apartments in Medavakkam are as follows,
- 1BHK apartments – Price starts from Rs. 45.5 Lakhs, Rental price starts from Rs. 18000 per month.
- 2BHK apartments – Price starts from Rs. 90 Lakhs, Rental price starts from Rs. 25000 per month.
- 3BHK apartments – Price starts from Rs. 1.2 Crores, Rental price starts from Rs. 32000 per month.
As the area is growing at a rapid rate, it is the best time to invest in 2026, as it will give high returns later. Because Medavakkam has a high demand from IT professionals working in nearby IT hubs such as Taramani, the rental market is high throughout the year.
Price of Apartments in Chennai
Chennai is a sought-after city for living due to the IT job offers, and it offers good returns in terms of real estate investment. The price of real estate has quickly increased over time due to the IT boom. There are huge options for buyers in the Chennai real estate market who are seeking long-term returns. Buyers can pick from huge housing alternatives in the city, in varying price and size ranges, including luxury homes to budget-friendly apartments.
Some of the best places to invest in Chennai are
- Velachery
- Medavakkam
- Shollinganallur
- Taramani
- Guindy
- Tambaram
- Pallavaram
- Anna Nagar
- Avadi
With Chennai’s increasing demand for housing, investing in Chennai's real estate market is a lucrative opportunity. In Chennai, the starting price of a 1BHK apartment is Rs. 40 lakhs, and the prices will differ with each area. A 2BHK apartment price ranges from Rs. 75 Lakhs. A 3BHK flat price starts from Rs. 1.1 Crores. In Chennai, a 1BHK apartment rent starts from Rs. 15,000 per month, where a big 2BHK flat rent starts from Rs. 20000 per month, and a spacious 3BHK flat rent starts from Rs. 25000.
Chennai Real Estate Trends 2026
Chennai's real estate market forecast for 2026 shows a stable rise in real estate prices. Experts predict that there will be a 5 to 8% increase in residential property prices in 2026. Chennai's residential market is in high demand now, and so it is the best place for buyers to invest in real estate in 2026.
Because of growing IT hubs and job offers in the city, the real estate market is in high demand. The property rates start from Rs 5,000 per sq ft in the outskirts like Guduvanchery, Urapakka, Maraimalai Nagar, etc. The property rate is Rs. 15,500 per sq ft in posh areas of Chennai like Anna Nagar, Velachery, T Nagar, etc.
The price varies with each area inside Chennai, and buyers can choose any area as they wish based on their budget.
| Location | Price (per Sq. Ft.) |
| Urapakkam | ₹5,000 |
| Guindy | ₹12,500 |
| Adyar | ₹16,000 |
| Sholinganallur (OMR) | ₹9,500 |
| Medavakkam | ₹8,200 |
| Anna Nagar | ₹14,500 |
| Velachery | ₹11,000 |
| Tambaram | ₹6,800 |
| Perumbakkam | ₹6,200 |
| Vandalur | ₹5,500 |
The price will continue to increase further in 2027, and there will be a high growth near IT hubs. So, investing in 2026 is the best time for homebuyers to become a part of the Chennai real estate market and enjoy high returns.