Prestige Launches 'Prestige Palm Court' in Chennai, GDV ₹1330 Crore
Prestige Estates launches 'Prestige Palm Court' in Madhavaram, North Chennai. The project spans 7.98 acres, featuring 910 apartments with a GDV of ₹1330 Crore. This is part of the company's expansion plans in Chennai, aiming for 3-4 launches this financial year.
The launch of a new project in a key region like Chennai with a substantial GDV can have a medium-term impact on the company's revenue and market presence.
The launch of a new project with a significant Gross Development Value indicates positive business activity and expansion.
Prestige Estates Projects Limited has announced the launch of its new residential development, 'Prestige Palm Court', located in Madhavaram, North Chennai.
The project is spread across 7.98 acres on the Grand Northern Trunk Road and will feature 5 towers, each with a Ground + 22 Floors structure and two basements. It will comprise 910 premium apartments, offering configurations of 1, 2, and 3 bedrooms. The apartments will range from 641 sq ft to 1827 sq ft in saleable area.
The overall development encompasses approximately 1.38 million sq ft of saleable area and has an estimated Gross Development Value (GDV) of ₹1330 Crore. This launch is part of Prestige Group's strategic expansion in the Chennai region, with plans to introduce 3 to 4 more residential developments in the current financial year.
Prestige Group, with a legacy of over four decades, has delivered 319 projects totaling 216.37 million sq ft as of June 2026. The Group currently has a pipeline of 139 projects covering 247.16 million sq ft across major Indian cities.
A plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.