Prestige Falcon City Chennai Your Guide to a Retirement Wealth Engine
Prestige Falcon City Chennai Your Guide to a Retirement Wealth Engine is a simple real estate roadmap for seniors, IT employees, and smart investors who want a steady monthly income and strong property growth for their retirement years. Located along the busy Medavakkam-Sholinganallur Road in South Chennai, this large 23-acre housing project built by the well-known Prestige Group offers 2,170 modern 2, 3, and 4 BHK apartments. Buying a home here works like a financial engine—it brings in regular rent from people working in nearby tech parks while its own market price keeps increasing as South Chennai grows.
Why Prestige Falcon City Chennai is the Ideal Wealth Engine for Retirement
When you plan for retirement, you need investments that do two main jobs: bring in regular monthly money and protect your savings against rising prices (inflation). Buying a home in a fast-growing neighborhood does this much better than keeping money in a bank fixed deposit.
- Steady Rental Income: Easy to find tenants because thousands of people work in nearby IT parks.
- Property Value Growth: Prices rise over time thanks to new Metro lines and better roads.
- Low Risk: The Prestige Group is a trusted national brand, which makes the property easy to rent or sell later.
1. Great Location Close to Tech Hubs
The project sits on Medavakkam Main Road, putting it right next to key work hubs in South Chennai:
- Sholinganallur (OMR IT Corridor): Just 5 minutes away, where over 30,000 professionals work at companies like TCS, Cognizant, and Wipro.
- Velachery & Tambaram: Only 10 minutes away through connecting main roads.
- Chennai International Airport: About 30 minutes via the 200 Feet Radial Road.
Because it is so close to offices, you will always have working professionals looking to rent your flat, meaning your house rarely stays empty.
2. High Increase in Property Value
Property prices in Medavakkam have been going up by 12% to 15% every year. With the new Metro line coming up and road widening work happening, property rates here are expected to go even higher. Buying early lets you lock in lower prices before the rates shoot up.
Project Details & Investment Overview
| Feature | Details |
|---|---|
| Total Land Area | 23 Acres |
| Towers & Height | 22 High-Rise Towers (2 Basements + Ground + 14 Floors) |
| Total Homes | 2,170 Apartments |
| Open Space | 80% Greenery and Parks |
| Clubhouse | 70,000 Sq. Ft. with 60+ Amenities |
| Flat Types | 2, 3, 3.5, & 4 BHK |
| Flat Sizes | 1,001 Sq. Ft. to 2,735 Sq. Ft. |
| Starting Price | ₹1.30 Crore* Onwards |
How This Project Helps You Earn in Retirement
The Simple Retirement Rule:
Monthly Rent (pays for daily household expenses) + Long-Term Value Growth (builds a big safety fund for medical needs and family savings).
- Beating Rising Costs: Bank interest rates often fall behind price rises over the years. But real estate in popular areas grows faster, and you can also increase the rent every year.
- Peaceful Living for Seniors: Since 80% of the land is open space, you get clean air, quiet gardens, wide walking paths, and special health areas inside the clubhouse if you choose to live here yourself.
- The Power of a Big Builder Name: Flats built by top names like Prestige Group fetch higher rent and are much easier to sell compared to small local buildings.
Simple Steps to Buy Your Apartment
1.Check Your Budget:
Step 1.
Look at your bank savings, mutual funds, or home loan eligibility. Pick a 2 BHK for maximum rent earnings or a 3/4 BHK if you plan to live with family.
2.Book Your Choice Early:
Step 2.
Fill in an Expression of Interest (EOI) form during the initial launch phase to get the best flat location and early-bird prices.
3.Check Legal Papers:
Step 3.
Verify the official TN-RERA registration number and builder documents so you are 100% sure about legal safety.
4.Pick a Stage-by-Stage Payment Plan:
Step 4.
Choose a construction-linked payment plan where you pay in small parts as the building work moves forward, keeping your money stress-free.
Frequently Asked Questions (FAQs)
1. Where is Prestige Falcon City Chennai located?
It is located on Medavakkam-Sholinganallur Road in South Chennai, very close to OMR IT parks and Gleneagles Global Health City hospital.
2. What types of flats can I buy in this project?
You can buy 2, 3, 3.5, and 4 BHK high-rise apartments ranging from 1,001 sq. ft. to 2,735 sq. ft. in size.
3. What is the starting price of a flat here?
Prices start at ₹1.30 Crore for a 2 BHK apartment and go up to ₹3.54 Crore for a large 4 BHK luxury flat.
4. Why is Prestige Falcon City Chennai a good option for retirement?
It gives you reliable monthly rent from IT employees, steady growth in property value, 24/7 security, and lots of open green space for a healthy lifestyle.
5. How much open space is available in the layout?
The project keeps 80% of its 23-acre land as open green space, giving you plenty of fresh air and natural sunlight.
6. What facilities are available for senior citizens and families?
It includes a 70,000 sq. ft. clubhouse with a gym, swimming pool, walking tracks, peaceful parks, power backup, and round-the-clock security.
7. How is the road connectivity from this location?
It is well-connected to OMR (5 mins), Velachery (10 mins), Tambaram (10 mins), and Chennai Airport (30 mins) through wide main roads and upcoming Metro lines.
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