What is the Price of Prestige Falcon City Chennai?
The price of Prestige Falcon City Chennai is that starts at ₹1.30 Crores for a 2 BHK and goes up to ₹3.54 Crores for a 4 BHK. Built by the famous Prestige Group, this large 23-acre housing community sits right on Medavakkam–Sholinganallur Road in South Chennai. It offers a mix of city convenience and peaceful green living. If you want to buy a home or invest near Chennai's big IT hub, knowing the costs, house sizes, and location perks will help you make a wise decision.
Price Breakdown & Flat Sizes
Prestige Falcon City Chennai has 2,170 modern apartments spread across 22 tall towers. About 80% of the land is kept open for trees and parks. Here is a look at the different flat sizes and their starting prices:
| Flat Type | Size (in Square Feet) | Starting Price | Best Suited For |
|---|---|---|---|
| 2 BHK | 1,001 – 1,220 sq. ft. | ₹1.30 Crores onwards | Small families and office workers |
| 3 BHK Compact | 1,380 – 1,550 sq. ft. | ₹1.57 Crores onwards | Families who need extra space |
| 3 BHK Large | 1,750 – 2,150 sq. ft. | ₹1.95 Crores onwards | Families who want bigger balconies |
| 4 BHK Luxury | 2,450 – 2,735 sq. ft. | ₹3.54 Crores onwards | Buyers looking for large, top-end homes |
Keep in Mind: The basic starting rate during the initial launch phase is around ₹9,200 per sq. ft. Additional costs like Government GST, property registration, stamp duty, and floor elevation fees are added to the final price tag.
What is the Price Reasoning for These Apartments?
Buyers often ask why the price of Prestige Falcon City Chennai is higher than the average property rate in Medavakkam. The higher value comes from a few key reasons:
- Trusted Brand Value: Prestige Group is one of India's most respected builders. Homes built by trusted names hold higher resale value and offer better construction quality than local projects.
- Low-Density 23-Acre Township: Most projects in Medavakkam build tightly on small plots. Prestige Falcon City spreads 2,170 homes across 23 acres, leaving 80% of the land open for fresh air, gardens, and wide roads.
- World-Class Facilities: You are not just paying for four walls. The price includes access to a huge 70,000 sq. ft. clubhouse, top-notch security, EV charging stations, and sports grounds.
- Smart Floor Plans: Every flat is designed to maximize usable carpet area with minimal space waste, allowing maximum sunlight and natural ventilation.
- Strong Future Capital Returns: Located right on the Medavakkam–Sholinganallur connection road, property values here are expected to grow fast once the upcoming Metro line starts operating.
Why Buying a Flat in Medavakkam Makes Sense
The value of any property goes up when the location is strong. Medavakkam has grown into one of the top places to live in South Chennai.
- Close to IT Hubs: It takes just 5 minutes to drive to Sholinganallur (OMR). Major IT companies like TCS, Cognizant, Wipro, and Infosys are located right in this area.
- Easy Travel Routes: The project sits right on the main Medavakkam–Sholinganallur Road. You can reach the 200 Feet Radial Road and the Chennai International Airport in under 30 minutes.
- Upcoming Metro Train: A new Metro station line (Red Line) is coming up nearby. This will make daily travel very smooth and increase land prices over time.
What Amenities Do You Get?
When you buy a flat here, you also get access to high-end lifestyle facilities:
- Massive Clubhouse: Features an indoor swimming pool, gym, health spa, event halls, and sports courts.
- Plenty of Green Spaces: Includes long walking tracks, gardens, play spaces for children, and separate areas for pets.
- Safety & Eco Features: Offers 2-level basement parking with electric car charging points, 24x7 security cameras, and rainwater collection systems.
Frequently Asked Questions
1. What is the price of Prestige Falcon City Chennai for a 2 BHK flat?
The starting price for a 2 BHK flat in Prestige Falcon City Chennai is ₹1.30 Crores. The total price changes based on the exact size and floor level you choose.
2. Where is Prestige Falcon City Chennai located?
The project is located on Medavakkam–Sholinganallur Road in Medavakkam, South Chennai, right near Gleneagles Global Health City.
3. What flat options are available in this project?
You can pick from 2 BHK, 3 BHK (Compact and Large), and 4 BHK luxury flat options. Flat sizes range from 1,001 sq. ft. to 2,735 sq. ft.
4. Is this property good for getting rental income?
Yes. Since Medavakkam is close to the Sholinganallur OMR IT belt, thousands of software engineers look for rented homes here every year. This guarantees steady monthly rent.
5. What is the expected handover date for these flats?
The construction will take around 4.5 years. Project work is expected to finish by June 2031, and home keys will be handed over by December 2031.
6. Does the starting price cover stamp duty and GST costs?
No. The base price covers only the flat cost. Extra costs like GST, government stamp duty, property registration, and maintenance fees are listed separately on the official cost sheet.
7. How can I book a flat during the initial launch stage?
You can book an apartment by paying an Expression of Interest (EOI) advance token amount of ₹2 Lakhs through an authorized sales partner. This booking amount is 100% refundable if you change your mind.
