Prestige Falcon City Chennai Project Status
The Prestige Falcon City Chennai project status is officially in its pre-launch phase, with early site work like putting up boundary fences, drawing maps, and digging for groundwater already under way. Located on the busy Medavakkam–Sholinganallur Road in South Chennai, this premium township by the Prestige Group is getting a lot of attention from homebuyers and investors. Spread across a massive 23 acres of land, the project plans to bring 2,170 high-rise apartments to a fast-growing part of the city.
For anyone looking to buy a home in South Chennai, keeping track of the construction dates and layout updates is important before locking in a booking.
Expected Construction and Launch Dates
To help you plan your finances, the developer has shared a clear timeline for the project:
- Pre-Launch & Booking Window: The Expression of Interest (EOI) phase begins on November 25, 2026, offering early-bird price benefits.
- Official Public Launch: The grand launch of the project is scheduled for December 15, 2026.
- Main Building Phase: Building the core tower structures will take about 4.5 years after the official launch.
- Structural Completion: The target date to finish the physical structures is December 30, 2031.
- Final Handover Date: Buyers are expected to get the keys to their homes by December 31, 2031.
Project Specifications and Design Layout
Prestige Falcon City Chennai is planned as a modern, green gated community. The architecture is designed to offer a lot of open area and fresh air.
| Property Detail | Specifications |
|---|---|
| Total Land Area | 23 Acres |
| Tower Structure | 22 High-Rise Towers (2 Basements + Ground + 14 Floors each) |
| Open Green Space | 80% of total land kept for parks, gardens, and walking tracks |
| Flat Configurations | Luxury 2 BHK, 3 BHK, 3.5 BHK, and 4 BHK layouts |
| Size Range | 1,001 sq. ft. to 2,735 sq. ft. of built-up area |
Estimated Price Details
Buying a home during the pre-launch phase offers lower rates compared to completed projects in the area. Prices change depending on the size of the configuration you choose:
- 2 BHK Flats: Sizes from 1,001 to 1,220 sq. ft., starting between ₹1.30 Crores and ₹1.46 Crores.
- 3 BHK Flats: Sizes from 1,380 to 1,550 sq. ft., starting between ₹1.57 Crores and ₹1.78 Crores.
- 3.5 BHK Flats: Sizes from 1,750 to 2,150 sq. ft., starting between ₹1.95 Crores and ₹2.29 Crores.
- 4 BHK Luxury Flats: Premium sizes from 2,450 to 2,735 sq. ft., starting from ₹2.63 Crores up to ₹3.54 Crores.
Please Note: These are base prices. They do not include extra charges like GST, registration fees, stamp duty, or floor rise charges if you choose a flat on the higher floors. Property rates usually go up once the official public launch happens.
Frequently Asked Questions
1. What is the current Prestige Falcon City Chennai project status?
The project status is currently in the pre-launch phase. The building team is currently working on setting up boundary walls and clearing the site before heavy construction starts.
2. Is Prestige Falcon City Chennai RERA approved?
Right now, the RERA approval is pending with the Tamil Nadu real estate authorities. The official RERA registration number is expected to come out around December 15, 2026.
3. When will the construction work start for this project?
Full civil construction will begin soon after the official launch in December 2026. Heavy foundation works are planned to pick up pace in early 2027.
4. What is the final possession date for buyers?
The builder has announced an expected possession date of December 31, 2031. The towers should be built by mid-2031, leaving a few months for final safety checks and government clearances.
5. Where exactly is this project located in Chennai?
The property is situated right on the Medavakkam–Sholinganallur Road in South Chennai. It is located very close to Global Hospital and offers easy access to the OMR IT corridor.
6. What sizes of apartments can I choose from?
You can choose from 2, 3, 3.5, and 4 BHK layouts. The flat sizes range from 1,001 sq. ft. for smaller families up to 2,735 sq. ft. for large family homes.
7. How much booking amount do I need to pay during the pre-launch phase?
To express your interest and book a flat early, you need to pay an initial token amount. This initial check usually starts from ₹3 Lakhs to ₹8 Lakhs depending on the configuration you choose.
