Complete Buyer Guide for Prestige Falcon City Chennai
This Complete Buyer Guide for Prestige Falcon City Chennai gives you all the facts about this 23-acre gated community on Medavakkam-Sholinganallur Road in South Chennai, offering 2,170 luxury 2, 3, and 4 BHK flats starting at ₹1.30 Crore. Built by the Prestige Group, the project leaves 80% of the land open for trees and parks. It has 22 tall towers, a huge 70,000 sq. ft. clubhouse, and easy road access to OMR IT parks and the upcoming Medavakkam Metro Station. If you want to buy a family home or earn good rent, this guide explains the flat sizes, location benefits, prices, and legal checks in simple terms.
Project Overview: Key Facts at a Glance
Before you book a flat, you should look at the main details of the project. Prestige Group planned this community to give families plenty of open space in South Chennai. Only 20% of the land is used for buildings, while 80% stays open and green.
| Feature | Project Details |
|---|---|
| Project Name | Prestige Falcon City Chennai |
| Builder | Prestige Group |
| Exact Location | Medavakkam–Sholinganallur Road, South Chennai (Pin: 600100) |
| Total Land Area | 23 Acres (includes a 7-acre central park) |
| Open Space | 80% open green area |
| Number of Towers | 22 Tall Towers |
| Floors per Tower | 2 Basements + Ground + 14 Floors (2B + G + 14) |
| Total Flats | 2,170 Flats |
| Flat Types | 2 BHK, 3 BHK (Small & Large), and 4 BHK |
| Flat Sizes | 1,001 sq. ft. to 2,735 sq. ft. |
| Starting Price | ₹1.30 Crore Onwards* |
| Clubhouse Size | 70,000 sq. ft. |
Location Analysis: Why Buy on Medavakkam-Sholinganallur Road?
Location is the most important part of buying a house. It affects your daily travel and how much your flat's price will grow in the future. Prestige Falcon City is in Medavakkam, right on the road that connects Old Mahabalipuram Road (OMR) to GST Road.
1. Easy Travel by Road, Train, and Metro
- Metro Station: The new Medavakkam Metro Station is just a 5-minute drive away. Once the Chennai Metro Phase 2 starts running, you can travel across the city without getting stuck in road traffic.
- Main Roads: You can easily reach the 200 Feet Radial Road, Tambaram-Velachery Main Road, OMR, and GST Road from here.
- Airport & Train: Chennai Airport is 12.9 km away (about 30 minutes by car), and Tambaram Railway Station is 10.9 km away (about 15 minutes by car).
- Bus Stop: The Veerabhadra Nagar Bus Stop is just 450 meters from the main gate.
2. Close to IT Parks and Offices
If you work in the IT sector, living here will save you hours of daily travel. The project is less than 15 minutes from ELCOT SEZ in Sholinganallur (5 km). It is also close to WTC in Perungudi, Ramanujan IT City, and Olympia Tech Park in Guindy. Big companies like TCS, Wipro, Infosys, Cognizant, and HP are very close by.
3. Schools, Hospitals, and Malls Nearby
You do not have to go far for your daily needs. Good schools, large hospitals, supermarkets, and shopping malls in Velachery (6.4 km away) and OMR are just a 10 to 20-minute drive from the gate.
Floor Plans, Unit Sizes, and Buyer Suitability
Picking the right flat size depends on your family size, your budget, and whether you want to live in it or give it out for rent. All flats follow Vaastu rules. The towers stand far apart so every home gets fresh air and bright sunlight.
| Flat Type | Size (Sq. Ft.) | What You Get Inside | Who Should Buy This? |
|---|---|---|---|
| 2 BHK | 1,001 – 1,220 sq. ft. | Entrance area, living and dining room, 2 bedrooms, 2 bathrooms, kitchen with a wash area. | Young couples, small families, and buyers who want to earn monthly rent from IT workers. |
| 3 BHK Compact | 1,380 – 1,550 sq. ft. | 3 bedrooms, big living room, balcony, kitchen with wash area. | Growing families who need an extra room for kids or a work-from-home setup. |
| 3 BHK Large | 1,750 – 2,150 sq. ft. | Very large living and dining space, big master bedroom, wide balcony, roomy bedrooms. | Joint families and senior managers moving from smaller flats into a bigger home. |
| 4 BHK Luxury | 2,450 – 2,735 sq. ft. | 4 big bedrooms, separate helper room, and open views of the 18-acre green area. | Large families and buyers who want huge, luxury rooms on one single floor. |
Master Plan, Clubhouse, and Construction Quality
When you spend over ₹1 Crore on a home, you should get safe buildings and great community facilities.
Safe Walking Areas with No Cars
All 22 towers have 2 basement levels for car and bike parking, along with charging points for electric cars (EVs). Because all cars park underground, the ground floor has no traffic. Kids and older people can walk and play outside safely.
The 70,000 Sq. Ft. Clubhouse
The project has more than 60 fun and useful features. Inside the clubhouse, you get a rooftop and indoor gym, swimming pools, yoga rooms, indoor game rooms, a library, and office work rooms. For daily needs, there is space inside the gate for a supermarket, medical clinic, ATM, salon, laundry, pet wash area, and guest rooms for visitors.
Building Quality & Fittings
- Strong Building: Made with high-grade concrete walls that stay strong and safe during earthquakes.
- Doors & Windows: A tall 8-foot Teak Wood main door, smooth wooden bedroom doors, and sliding windows that block outside traffic noise.
- Flooring: Wooden-look tiles in the master bedroom, bright and strong tiles in the living room and other bedrooms, and non-slip tiles in the balconies and bathrooms.
- Safety & Green Features: 24/7 CCTV cameras, video door phones, gas leak alarms, solar hot water for top floors, rainwater saving pits, and a water cleaning plant.
Price Breakdown, Hidden Costs, and Investment ROI
The starting price for a flat here is ₹1.30 Crore. However, you should also plan for a few extra costs before you book your home.
Extra Costs to Keep in Mind:
- Stamp Duty & Registration: You have to pay Tamil Nadu government registration fees and stamp duty on the total flat cost.
- GST: Since the project is still being built, you must pay 5% GST.
- Floor Rise & View Charges: Flats on higher floors or flats that face the 7-acre park and swimming pool cost a little more.
- Maintenance Fund: You will pay an advance fee before moving in to help maintain the clubhouse, lifts, and gardens.
- Full Power Backup: All common areas have 24/7 power backup. You can pay a small extra amount to get 100% power backup inside your flat too.
Why Buying Here is Good for Your Money:
- Fast Price Growth: Land and flat prices in Medavakkam grow by up to 15% every year because of the new Metro line and wide roads. Buying now gives you a lower price before rates go up when the project finishes.
- High Monthly Rent: Because over 20 big IT companies are just 15 minutes away, 2 BHK and 3 BHK flats built by a trusted name like Prestige get high rent and find tenants very quickly.
Step-by-Step Buyer Checklist Before You Book
Follow these five simple steps at the sales office to keep your money safe:
- Check the TN RERA Number: Ask the sales team for the Tamil Nadu RERA paper to check if the tower plans and handover dates are approved by the government.
- Ask About Your Land Share (UDS): Because the project sits on 23 acres of land, ask how many square feet of land (Undivided Share of Land) you will legally own with your flat.
- See the Model Flat: Walk inside the sample flat at the site to check the room sizes, roof height, kitchen wash area, and bathroom taps.
- Check Bank Loan Offers: Major banks like SBI, HDFC, and ICICI have already approved this project. Compare their interest rates to get the best home loan deal.
- Read the Payment Plan: Make sure you only pay money in steps as each floor of the building gets built.
Frequently Asked Questions
1. Where is Prestige Falcon City Chennai located?
It is on Medavakkam–Sholinganallur Road in Medavakkam, South Chennai (Pin Code: 600100). It is just 5 minutes from Sholinganallur and the new Medavakkam Metro Station.
2. What flat sizes are available in this project?
You can buy 2 BHK, 3 BHK (Small and Large), and 4 BHK luxury flats. The sizes start at 1,001 sq. ft. and go up to 2,735 sq. ft.
3. What is the starting price of flats at Prestige Falcon City Chennai?
Flats start at ₹1.30 Crore onwards. Government registration, GST, and maintenance fees are extra.
4. How much open green space does the project have?
Out of 23 acres of land, 80% is kept open for trees, walking paths, and a 7-acre central park. Only 20% of the land has buildings.
5. How many towers and floors are in Prestige Falcon City Chennai?
There are 22 tall towers. Each tower has 2 basement parking levels, a ground floor, and 14 upper floors (2B + G + 14), with a total of 2,170 flats.
6. Is Prestige Falcon City Chennai a good choice for rental income?
Yes. It is less than 15 minutes from major OMR IT parks like ELCOT SEZ and Perungudi, so IT workers from TCS, Wipro, and Cognizant are always looking to rent flats here.
7. What facilities are inside the clubhouse?
The 70,000 sq. ft. clubhouse has over 60 facilities, including swimming pools, a rooftop gym, work-from-home spaces, party halls, indoor games, a supermarket space, a clinic, and guest rooms.