The Prestige Medavakkam payment plan sets out how a buyer pays over the build. It is a construction-linked plan, so the money follows the progress of the towers. It uses a 10:10:80 structure, with 10% at booking, 10% at a construction milestone and the balance across later stages. Prices start at Rs 1.30 Crore. This page explains the payment stages and the charges that sit alongside, for the 23-acre project at Medavakkam, South Chennai.
A construction-linked plan ties each payment to a stage of the build. You do not pay the full amount up front. The cost is spread from booking to the final stages. Prestige Medavakkam follows a 10:10:80 structure. The table below sets out the broad stages.
| Stage | Share | When it is paid |
| Booking | 10% | At the time of booking |
| 3rd floor slab | 10% | When the 3rd-floor slab starts (around June 2028) |
| Construction-linked | 80% | In steps as the 22 towers are built, up to possession |
The exact split within the 80% is set out in the cost sheet. As the plan follows RERA-regulated stages, the schedule is milestone-based. Ask the sales team for the full breakup before you book.
A staged plan eases the cash flow for a buyer. The outflow matches the build rather than landing all at once. A few points stand out.
So the plan links what you pay to what has been built, which lowers the early burden.
The payment plan applies across the configurations. The prices below are the base figures the plan is built on.
These are indicative pre-launch prices from the current project data. Floor-rise, the Preferred Location Charge, GST, stamp duty and registration are extra, as set out in the cost sheet.
The payment plan covers the apartment cost. A few charges sit alongside it and are billed as they apply. GST applies on an under-construction home. Stamp duty and registration are payable in Tamil Nadu at the sale deed. A floor-rise charge applies from the 7th floor onwards. Preferred Location Charges of about 5 to 10% apply to corner or park-view units. Maintenance of about Rs 9 per sq ft on carpet area and a corpus fund of about Rs 50,000 to Rs 1 Lakh are collected around possession. Budget for these on top of the staged payments.
Prestige Medavakkam is a 23-acre project by Prestige Group at Medavakkam, South Chennai. It has 22 high-rise towers with a 2-basement, ground and 14-floor structure. It holds 2,170 apartments in 2, 3 and 4 BHK formats, from 1,001 to 2,735 sq ft. The project keeps about 80% open space, with large central parks. It is about 3.5 km from OMR and 5 km from Sholinganallur. The project is at pre-launch, with the official launch set for December 2026 and RERA approval expected by November 2026. Confirm the RERA status on the Tamil Nadu RERA portal before booking.
It is a construction-linked 10:10:80 plan. You pay 10% at booking, 10% at a construction milestone and the balance 80% across later stages. The exact split is in the cost sheet.
The booking amount is 10% of the total cost. A further 10% falls at the 3rd-floor slab stage, expected around June 2028. The remaining 80% follows later construction stages.
Yes. Later payments fall due as the 22 towers are built. So the outflow matches the project's progress, rather than landing all at once.
Yes. GST applies on an under-construction home, with stamp duty and registration in Tamil Nadu. Floor-rise from the 7th floor, a PLC of 5 to 10%, maintenance and a corpus fund apply as per the cost sheet.
Banks usually fund up to about 80% of the cost, subject to your income and credit profile. Prestige Medavakkam has tie-ups with major banks. Confirm the amount and rate with your bank.
Not yet. The project is at pre-launch, with RERA approval expected by November 2026. Verify the current status on the Tamil Nadu RERA portal before you book.
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