The Prestige Falcon City Chennai RERA status is currently applied and awaiting official approval from the Tamil Nadu state board. The developer filed all structural, financial, and legal papers with the real estate authority.
The upcoming premium township project is right on the active Medavakkam - Sholinganallur Road in South Chennai. This grand 23 acres project will fully comply with all state housing rules.
Every new building setup must upload its exact master plan data to the official state portal. Below is the main legal and physical data for this premium gated community.
| Property Feature | Chennai Project Specifications |
|---|---|
| Project Name | Prestige Falcon City Chennai |
| Official Address | Medavakkam - Sholinganallur Road, Chennai 600100 |
| Total Property Size | 23 Acres Residential Apartment Gated Community |
| Current Legal Status | RERA Applied (Approval expected by December 2026) |
| Tower Design | High-Rise Towers (2 Basements + Ground + 14 Floors) |
| Total Flat Inventory | Around 2,170 Premium Apartments |
| EOI Booking Opens | November 25, 2026 |
| Official Launch Date | December 15, 2026 |
| Target Delivery Date | December 31, 2031 |
The Tamil Nadu Real Estate Regulatory Authority (TNRERA) monitors all large housing developments across the city.
Builders must put 70% of the buyer's money into a separate escrow bank account. They can only use this specific cash for land costs and actual building construction. This clever rule prevents companies from shifting your hard-earned funds to other business sites.
If a builder misses the final delivery date, they must pay monthly interest to the buyers. This penalty protects your finances if your family faces unexpected rental stay extensions. It forces construction teams to work faster and meet their targets.
Earlier, builders confused buyers with vague super built-up area calculations. Now, RERA mandates showing the exact carpet area in square feet. You pay only for the actual inner floor space you receive.
RERA protects buyers from construction delays. It also stops financial scams by builders.
The builder applied for the license. The official number should arrive by December 2026.
It is a secure bank account. It holds 70% of buyer money solely for construction.
The site stands directly on the busy Medavakkam - Sholinganallur Road in South Chennai.
No. The builder needs written consent from two-thirds of the buyers first.
The pre-launch Expression of Interest (EOI) window opens on November 25, 2026.
Search the official TNRERA website. Use the unique project registration number to check.
The builder must pay you monthly interest until they hand over the keys.
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