Is Chennai Real Estate Getting More Expensive Every Year?

Over the past few years, house prices in Chennai have been going up steadily. New roads, expanding metro lines, and the growth of IT parks have made properties more valuable. Areas like Old Mahabalipuram Road (OMR), Velachery, and Medavakkam are seeing continuous price increases. Buying a home early in a well-planned gated community can help buyers build good wealth and earn good rental income over time.

One popular project in South Chennai is Prestige Falcon City Chennai. Built by the Prestige Group, this high-rise apartment complex is located on the main Medavakkam–Sholinganallur Road.

Everything You Need to Know About Prestige Falcon City Chennai

Spread across 23 acres, Prestige Falcon City Chennai is a large modern complex. It has 22 tall towers with 14 floors each, offering 2,170 modern apartments. The project is designed with plenty of nature in mind, leaving over 80% of the land as open green space, gardens, and parks.

Apartment Configurations and Floor Sizes

The project offers different apartment sizes to fit small families, working professionals, and large families:

Layout Type	Super Built-Up Area (Sq. Ft.)	Starting Base Price (Approx.)	Ideal For
2 BHK	1,001 – 1,220 sq. ft.	₹1.30 Crore onwards	Working adults and small families
3 BHK Compact	1,380 – 1,550 sq. ft.	₹1.57 Crore onwards	Growing families wanting more room
3.5 BHK (with Study)	1,750 – 2,150 sq. ft.	₹1.95 Crore onwards	People who work from home
4 BHK Luxury	2,450 – 2,735 sq. ft.	₹2.63 Crore onwards	Large families living together

Location Advantage & Connectivity

Located on the Medavakkam–Sholinganallur Road, this township makes daily travel quick and easy:

IT Hubs: About 10 to 12 minutes from ELCOT SEZ and the OMR IT area.
Metro Access: Just 5 minutes from the upcoming Medavakkam Metro Station.
Airport Travel: Around 30 minutes to Chennai International Airport using the 200 Feet Radial Road.
Hospitals & Schools: Right next to Gleneagles Global Health City hospital and close to good schools.

Lifestyle Amenities

Residents can enjoy more than 60 modern facilities. These include a huge 70,000 sq. ft. clubhouse, a swimming pool, a modern gym, indoor sports areas, a spa, party halls, and safe play areas for children.

Frequently Asked Questions (FAQs)

1. Is property in Chennai becoming more expensive every year?

Yes, property prices in Chennai are rising every year because of new roads, metro projects, and high demand for safe gated communities near work hubs.

2. Where is Prestige Falcon City Chennai located?

The project is on the Medavakkam–Sholinganallur Road in South Chennai, right next to Gleneagles Global Health City hospital.

3. What apartment configurations are available at Prestige Falcon City Chennai?

You can buy 2 BHK, 3 BHK, 3.5 BHK (with a study room), and 4 BHK luxury apartments ranging from 1,001 to 2,735 square feet.

4. What is the starting price for an apartment in this project?

Prices start at around ₹1.30 Crore for a 2 BHK apartment and go up to ₹3.54 Crore for larger 4 BHK homes.

5. What amenities does Prestige Falcon City Chennai offer?

It offers over 60 facilities, including a large clubhouse, swimming pools, a gym, sports courts, walking tracks, gardens, and 24/7 security.

6. How far is Prestige Falcon City Chennai from key IT parks and the airport?

It is about 10 to 12 minutes from the Sholinganallur IT hub and about 30 minutes from the Chennai International Airport.

7. Is Prestige Falcon City Chennai a good real estate investment?

Yes. Thanks to its location near the upcoming metro line, nearby IT offices, and trusted Prestige brand, it is a great choice for long-term growth and rental income.