Cost of Living in Medavakkam for Families and Renters

Understanding the Cost of Living in Medavakkam for Families and Renters simply means knowing how much money you need each month to live well in one of South Chennai’s fastest-growing areas. Medavakkam sits right between the busy OMR IT road and the GST main road. Because of this great spot, it gives you easy city access without high costs. For single renters, young couples, and families, daily expenses like house rent, food, school fees, doctor visits, and travel are much cheaper here than in nearby busy areas like Adyar or Velachery. At the same time, rapid road and metro growth has brought big luxury housing projects like Prestige Falcon City Chennai. Located on the Medavakkam–Sholinganallur Road, this grand gated community gives families and buyers a great chance to move from a rented flat into their own modern dream home.

Monthly Expense Breakdown in Medavakkam

Before looking at buying a luxury home, families and renters usually check how Medavakkam fits into their monthly budget:

Rental Housing: Renting a normal 1 BHK flat in Medavakkam costs ₹10,000 to ₹17,000 per month. Bigger 2 BHK and 3 BHK flats cost between ₹14,000 and ₹35,000, depending on the building facilities and furniture.
Groceries & Utilities: A family of four usually spends ₹8,000 to ₹15,000 a month on daily food, milk, and vegetables. Electricity bills, fast internet, and water add another ₹2,500 to ₹5,000.
Education & Healthcare: With many good schools nearby, school fees cost about ₹3,500 to ₹12,000 per month for each child. Big hospitals like Gleneagles Global Health City are right in the area, which saves travel time and money during medical needs.
Commute & Connectivity: Daily travel costs stay low (₹1,500 to ₹4,000 a month) because of smooth roads connecting to Sholinganallur, Velachery, and Tambaram. Travel will become even cheaper and faster once the new Medavakkam Metro Station opens.

Spotlight on Prestige Falcon City Chennai: Complete Project Details

While Medavakkam is great for renters on a budget, Prestige Falcon City Chennai brings a luxury lifestyle for IT workers, doctors, and families looking for a long-term home. Built by the famous Prestige Group, this huge gated community covers 23 acres on the main Medavakkam–Sholinganallur Road (Pin Code: 600100).

Master Plan & Architecture

The project is planned with 80% open green space, which includes a huge 7-acre central park, green gardens, and wide roads inside the gate. It has 22 tall towers (split into 11 blocks). Each tower has 2 basements, a ground floor, and 14 upper floors (2B+G+14). In total, there are 2,170 Vaastu-friendly luxury flats. The buildings use special heat-blocking glass and have wide gaps between towers so every home gets plenty of fresh air, bright sunlight, and nice park views.

Apartment Configurations & Pricing

Prestige Falcon City Chennai offers different home sizes to fit small and large families. The early base price is around ₹12,987 per sq. ft.

Configuration	Size Range (Sq. Ft.)	Starting Price (Approx.)	Ideal For
2 BHK Flats	1,001 – 1,220 sq. ft.	₹1.30 Cr – ₹1.46 Cr*	Young couples & small families
3 BHK (Compact & Large)	1,214 – 2,150 sq. ft.	₹1.57 Cr – ₹2.29 Cr*	Growing families & people working from home
4 BHK Luxury Units	2,028 – 2,735 sq. ft.	₹2.63 Cr – ₹3.54 Cr*	Large or joint families wanting extra space

World-Class Amenities

Right in the center of the project is a huge 70,000+ sq. ft. clubhouse along with more than 60 fun and fitness facilities. Residents can enjoy swimming pools for adults and kids, a full gym, a yoga room, badminton and tennis courts, a mini movie theater, work-from-home spaces, a spa, indoor game rooms, party halls, and 24/7 security guards with video door phones.

Location Advantages & Project Timeline

Sitting right next to Gleneagles Global Health City, the project is just 5 km (a 10-minute drive) from ELCOT SEZ and the Sholinganallur IT Hub. Velachery is 6.4 km away, Tambaram Railway Station is 8.2 km away, and the Chennai Airport is an easy 12 to 14 km drive via the 200 Feet Radial Road. The project is now in its pre-launch stage and will officially launch in December 2026. It will take about 4.5 years to build, so buyers can move in by mid-to-late 2031. Because more than 30,000 IT and hospital staff work within 5 km of this spot, owners can earn high monthly rent and see their property value grow fast.

Frequently Asked Questions (FAQs)

1. What is the average monthly cost of living in Medavakkam for a family?

A family of four can live well in Medavakkam on ₹45,000 to ₹75,000 a month. This covers rent for a 2 or 3 BHK flat, food, bills, school fees, and local travel.

2. Where exactly is Prestige Falcon City Chennai located?

It is on the main Medavakkam–Sholinganallur Road in South Chennai (Pin Code: 600100), right next to Gleneagles Global Health City and 5 minutes from the upcoming Medavakkam Metro Station.

3. What apartment types and sizes are available in Prestige Falcon City Chennai?

The project has 2 BHK, 3 BHK, and 4 BHK luxury flats ranging from 1,001 sq. ft. to 2,735 sq. ft. across 22 tall towers.

4. What is the starting price of apartments at Prestige Falcon City Chennai?

Prices start at ₹1.30 Crores for a 2 BHK flat and go up to ₹3.54 Crores for a big 4 BHK luxury home.

5. How much open space is provided within the Prestige Falcon City township?

Out of the 23 acres of land, 80% is kept open for green gardens, walking paths, and a 7-acre central park.

6. Why is Prestige Falcon City Chennai considered a strong investment for rental income?

It is very close to ELCOT SEZ, OMR IT parks, and Global Hospital. Over 30,000 workers in this 5 km circle need good homes, which means flat owners can easily get high monthly rent.

7. When is the launch and possession date for Prestige Falcon City Chennai?

The official launch is in December 2026, and the flats will be ready for families to move in between June and December 2031.