Prestige Medavakkam Price

The Prestige Medavakkam prices for 2, 3, and 4 BHK apartments range between ₹1.30 Crore onwards and ₹3.54 Crore onwards. The 2 BHK units start at ₹1.30 Crore, 3 BHK units begin at ₹1.57 Crore, as well as 4 BHK luxury apartments start at ₹2.63 Crore. The project covers 23 acres and offers unit sizes between 1,001 sq ft and 2,735 sq ft. It is based on the December 2026 launch update. These prices reflect the prime location advantage as well as high demand for the Medavakkam-Sholinganallur residential corridor.

The pricing is based on the layout, specific floor, unit size, and view, with a planned launch price update. This price is at present 8–12% lower than premium projects in Velachery as well as Sholinganallur. It gives early buyers a clear cost benefit. Apartment sizes may vary from 1,001 sq ft to 2,735 sq ft. The project offers multiple options to match different budgets and family sizes.

Unit Type	Size (sq.ft)	Starting Price (Rs.)
2 BHK	1,001 - 1,130 sq. ft.	₹1.30 Cr*
3 BHK	1,214 - 1,771 sq. ft.	₹1.57 Cr*
4 BHK	2,028 - 2,735 sq. ft.	₹2.63 Cr*

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Complete Costing Details

These prices are introductory and will likely increase by 5–7% after the initial phase due to floor-rise charges and market demand. Prestige Medavakkam apartments has a strong luxury investment opportunity in South Chennai. It offers spacious layouts and the fast-growing Medavakkam market with recording 7–10% annual growth.

About Prestige Medavakkam Price

The detailed Prestige Medavakkam price list for 2, 3, and 4 BHK units is provided below.

Unit Type	Size (SBA)
2 BHK	1,001 – 1,130 Sq. Ft.
3 BHK	1,214 – 1,771 Sq. Ft.
4 BHK	2,028 – 2,735 Sq. Ft.

The price listed is the base price. Additional charges apply for booking flats on higher floors as floor rise charges (typically above the 6th floor). Registration and stamp duty charges are also added separately. The launch price is finalized after exploring current market trends in Chennai. Medavakkam currently shows one of the fastest absorption rates due to its proximity to the ELCOT SEZ and OMR IT Corridor.

Price Breakup (Indicative)

Base Price: It is calculated based on the super built-up area (SBA).
Floor Rise Charges: Applicable from the 7th floor onwards (around ₹2,000–₹3,000 total increase).
PLC (Preferred Location Charges): 5-10% extra for the corner or sometimes park-view units in the project.
Car Parking: Reserved slots at ₹3,50,000 for one basement space.
Clubhouse: One-time membership fee of ₹1,00,000 to ₹2,00,000.
Maintenance Amount: Paid at the time of possession which is around ₹9 per sq ft on carpet area.
Corpus Fund: One-time payment at possession (₹50k to ₹1L).
Registration Charges: Paid as per Tamil Nadu government norms (approx. 7% stamp duty and 1% registration).

Prestige Medavakkam Payment Plan

A payment plan details the amount due at each construction stage. It explains when payments must be made as the project moves forward.

Buyers can use risk-free installments with the Prestige Medavakkam Payment Plan. The first payment is 10% of the total amount, due when the unit is booked. The remaining price is split into installments.

Available Payment Schemes

Construction Linked Plan (CLP): Payments are made with each milestone of the project.
Flexi Plan (30:70): 30% payment in the first year as well as 70% linked to construction.
Home Loan Assistance: Tie-ups with major banks for easy EMIs and up to 80% loan coverage.

Installment Schedule (10:10:80 Structure)

As a RERA-approved project, the payment plan follows standard rules, wich is given below.

1. Booking: 10% of the total amount.
2. Agreement: 10% within 45 days of booking.
3. Foundation: 10% when the foundation course starts (June 2027).
4. Plinth: 10% when the plinth process begins (Dec 2027).
5. 3rd Floor Slab: 10% when the 3rd-floor building starts (June 2028).
6. 7th Floor Slab: 10% when the 7th-floor building starts (Dec 2028).
7. 10th Floor Slab: 10% when the 10th-floor building starts (June 2029).
8. 14th Floor Slab: 10% when the top-floor slab is cast (Dec 2029).
9. Finishing: 10% when internal flooring and plumbing work begins (June 2030).
10. Possession: The final 10% is paid during the handover (Dec 2031).

Prestige Medavakkam Cost Sheet

A cost sheet is a clear document that provides a full breakdown of a property’s pricing. It helps homebuyers to make better, informed financial decisions. The cost sheet for Prestige Medavakkam is a supportive tool for comparing the final prices of several apartment options. Buyers can take the one that best suits their needs and budget.

The Prestige Medavakkam cost sheet will have wide-ranging information on:

Base price
Sale value
Build-up area cost
Stamp duty charges
Registration charges
Taxes (GST)
Additional charges (Floor rise, PLC)
Carpet area cost
Agreement value cost
Total price

Investment Value for Apartments

Expected annual price growth in Medavakkam: 7–10% (2026–2031).
High rental yield: Average rents are expected at ₹35–₹45 per sq ft due to the proximity to the OMR IT corridor.
Steady value appreciation: Strong growth is predicted as the area connects directly to the ELCOT SEZ and upcoming Metro Phase 2.

Prestige Medavakkam's early pricing offers great profit for both homebuyers and investors because of its prime location. Buyers can expect strong returns, as property values increase each year. Investors can get high rental income as there is a high demand for quality gated communities in South Chennai.

Price of Apartments in Medavakkam

Medavakkam has competitive property prices when compared to nearby areas like Velachery or Adyar. Due to the area's proximity to important IT hubs in Sholinganallur and Siruseri, prices have been rising steadily.

Real estate costs in Medavakkam are currently attractive for the value offered. Prestige Group investigates current market trends before setting prices for its new projects. Therefore, buyers can choose Prestige projects in Medavakkam to enjoy fair prices with exciting discounts for early bookings.

The price range and rental price of apartments vary in Medavakkam Real Estate, with estimated sizes as follows:

1 BHK – Price starts from ₹65 Lakhs; Rental price starts from ₹14,000 per month.
2 BHK – Price starts from ₹1.30 Crores; Rental price starts from ₹22,000 per month.
3 BHK – Price starts from ₹1.57 Crores; Rental price starts from ₹32,000 per month.

The area is expanding quickly. It is the best time to invest now, as prices will increase and give high returns later. Much of the demand in Medavakkam comes from IT professionals, making the rental market extremely strong throughout the year.

Price of Apartments in Chennai

The Chennai real estate market is steady now and continues to yield high profits for investors. The city's IT and manufacturing growth has caused an increase in property prices. Luxury apartments are preferred by many, creating a high demand for gated communities with modern amenities.

In Chennai, the starting price of a 1 BHK apartment is around ₹55 Lakhs, that varies by area. A 2 BHK apartment can be bought for ₹95 Lakhs, while a 3 BHK in prime zones starts from ₹1.80 Crores. Rental rates for a 2 BHK in a good locality start from ₹20,000. Both luxury buyers and investors can get good value for their money in this market.

Chennai Real Estate Trends

Chennai’s real estate market shows steady growth with a focus on end-user demand. The market is driven by a growth in IT jobs and infrastructure like the Peripheral Ring Road. Luxury flats selling for over ₹1.5 Crores have seen a significant increase in sales since 2025.

The price varies with each location inside Chennai. Buyers can choose an area based on their budget and preferences.

Location	Price (per Sq. Ft.)
Anna Nagar	₹14,500
Velachery	₹11,000
Adyar	₹16,000
Sholinganallur (OMR)	₹9,500
Medavakkam	₹8,200
Tambaram	₹6,800
Perumbakkam	₹6,200
Vandalur	₹5,500

Looking forward into late 2026, there will be increased growth. It is the correct time for buyers to become a part of the real estate story of Chennai.

Current Price in Medavakkam and Price Trends

Medavakkam is a popular area well-known for its balance of price as well as closeness to IT hubs like Sholinganallur. The real estate market in the area has seen rapid growth as many professionals move here for work. The upcoming metro line and road widening will enhance transport and increase property values.

In Medavakkam, properties typically cost between ₹7,500 and ₹11,000 per square foot which is based on the builder as well as amenities. The rental yield in Medavakkam averages ₹35–₹45 per sq ft per month, offering a good profit for investors. The price movement here has outperformed many other South Chennai pockets due to new schools, hospitals, and tech expansion planned nearby.

Frequently Asked Questions

1. What is the current price per square foot for Prestige Medavakkam?

As of May 2026, the base price is set at ₹10,800 per sq. ft. for the launch phase. When accounting for GST, floor rise, and other mandatory infrastructure charges, the all-inclusive effective rate typically ranges between ₹12,700 and ₹13,800 per sq. ft., depending on the unit type and floor.

2. How much is the booking amount and the initial payment?

Buyers must pay a booking amount of 10% of the total property value to secure a unit. An additional 10% is payable within 45 days during the Sale Agreement signing. The remaining 80% is paid in stages based on construction milestones over the next 4 years.

3. Are there additional charges for higher floors or specific views?

Yes, the project follows a Floor Rise and PLC (Preferred Location Charge) model.

Floor Rise: Charges apply from the 7th floor onwards, typically adding ₹2,000 to ₹3,000 to the total unit cost.
PLC: Units facing the Medavakkam Urban Forest, lake view, or corner units attract a premium of 5% to 10% on the base price.

4. What are the expected maintenance and one-time corpus fund costs?

Maintenance charges are estimated at ₹9 per sq. ft. per month based on the carpet area. At the time of possession, buyers must also pay a one-time Corpus Fund:

2 BHK: ₹50,000
3 BHK: ₹75,000
4 BHK: ₹1,00,000

5. Does the price include Stamp Duty and Registration?

The all-inclusive price generally covers the apartment cost, GST, and amenities. However, it does not include statutory government charges. In Tamil Nadu (2026), buyers should budget an additional 7% for Stamp Duty and 1% for Registration based on the guideline value or agreement value, whichever is higher.