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Prestige Group inks pact to buy 16.38 acres land parcel in Chennai
Jan-08-2026

Prestige Group, through Canopy Living LLP, a joint venture between Prestige Estates Projects and Arihant Foundations & Housing, has signed an agreement to Sell for the purchase of a land parcel measuring 16.381 acres located at Padi, Chennai. The land parcel is strategically located in close proximity to Anna Nagar, one of Chennai’s most established and prime residential micro-markets, known for its strong social infrastructure, connectivity, and mature residential character. This acquisition is aligned with Prestige Group’s strategy of strengthening its presence in high-quality urban locations, while maintaining a disciplined approach to capital allocation.

Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

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