Unit Type	Size	Price
1 BHK	650 sq. ft to 950 sq. ft.	On Request
2 BHK	1001 sq. ft to 1400 sq. ft.	On Request
3 BHK	1500 sq. ft to 2100 sq. ft	On Request
4 BHK	2500 sq. ft and 2900 sq. ft.	On Request

Prestige Pallava Gardens in Pallavaram, South Chennai, provides a variety of flats with varying styles and amenities for investors and first-time buyers with varying budgets. Each apartment's price is determined by the residents in which it is located and the amenities offered. Prestige Group has been strategically offering the best price in the project vicinity.

The apartment areas range from 650 to 2,900 sq. ft. After RERA approval, a detailed cost sheet will be published. The project's new launch pricing offers a range of rates and payment choices based on the unit features those purchasers and investors choose. Prestige Group is dedicated to offering their customers opulent residential apartments at a reasonable price and a flexible payment plan.

Pallavaram is an established neighborhood that has beautiful natural surroundings with urban growth. The area offers great connections, making it the perfect place to purchase a high-quality property. It is one of the most sought-after locations for real estate investment because of its proximity to a major IT cluster. Pallavaram is appealing to investors due to its affordable real estate prices. Prestige Pallava Gardens is a popular choice for homebuyers because of its distinctive style.

Prestige Group is committed to completing projects on time, hence this project will be ready for possession on the designated date (December 2029). For the Prestige Pallava Gardens prelaunch, reservations are currently being accepted. Purchasers can begin reserving the units they want now in order to receive favorable returns later.

Price of Apartments in Pallavaram

Pallavaram is one of the best areas for real estate investment as it is near major hubs like Chrompet, Nanganallur, and Meenambakkam, and it has 5.2% property appreciation every year. Also, it offers good resale value and rental income due to its proximity to tech hubs like International Tech Park Chennai, Ascendas IT Park, and Olympia Technology Park. The prices are also increasing in the area at a rapid rate, and this steady price appreciation makes the area a strong investment choice.

The price of a 1BHK apartment in Pallavaram starts from Rs. 65 Lakhs. The price of a luxury 1BHK apartment with modern amenities starts from Rs. 75 Lakhs. The rental price of a decent 1 BHK apartment in Pallavaram starts from Rs. 18,000.

Price of Apartments in Chennai

Chennai has ranked high in property appreciation, which makes it a good choice for long-term investors. The increasing demand for property results in an increase in prices, which benefits investors. The city has a good transport network with buses and metros, along with many job offers, so investing in Chennai is preferred by many people.

A few of the best areas in Chennai to invest in apartments are

• East Coast Road (ECR)
• Velachery
• Anna Nagar
• Tambaram
• Korattur
• Oragadam
• Meenambakkam
• Pallavaram

The price of apartments in Chennai varies with the size, amenities offered, builder, and location of the property in the city. The price of a 1BHK apartment unit in Chennai is Rs.45 lakhs. The price of a luxury 1BHK flat in Chennai with all the necessary modern amenities starts from Rs. 70 Lakhs. The rent of a 1BHK apartment in the prime areas of the city ranges from Rs. 9,000 to Rs. 18,000.

Prestige Pallava Gardens Payment Plan

The payment plan of Prestige Pallava Gardens gives buyers a clear explanation of all the total costs involved. The price of the apartment is based on floor area, GST, the type of unit, booking amount, and the instalments that need to be paid at every time.

The project offers many payment options, such as personalized payment plans, plans tied to construction, down payments, and paying a portion now and nothing till possession. The builder will go over any of these plans with the bank before buyers buy any units.

Buyers can make payments for their desired units with the risk-free installment plan offered by the Prestige Group Payment Plan. Buyers can select any payment plan that suits their budget.

The payment plan of Prestige Pallava Gardens has the following schedules:

• Buyers have to pay 10% of the total price of an apartment when booking any desired unit in this project
• As the construction procedure continues, 10% of the total amount should be paid.
• During the Excavation course, 10% of the total amount has to be paid
• During the Plinth course, 10% of the total amount has to be paid
• While building the Basement of this project, 10% of the entire amount must be paid
• During the building of the Ground Floor, 10% of the entire amount must be paid
• During the construction of the first floor of this project, 10% of the total amount must be paid
• During the Flooring stage of this project, 10% of the total amount can be paid
• During the Plumbing stage, 10% of the total amount can be paid
• During the possession time of the houses here, 10% of the total amount has to be paid.

Chennai Real Estate Trends

Chennai has steadily captured a high market share in terms of new residential launches. The current real estate market is a great time, as prices are expected to rise by 5% every year. Luxury properties are experiencing a notable surge in Chennai, with a 27% annual growth.

Prime areas like Manapakkam, Madhavaram, Ramapuram, and Siruseri, along the under-constructed metro corridors, witnessed the maximum growth. Recent price trends indicate a growth in Chennai's real estate market, mainly driven by the city's growing IT job market.

Chennai is a dream destination for IT professionals. Tidal Park, Asia's largest IT park, is located here, along with over 4,000 technology firms. Real estate investment in Chennai can, hence, be a good proposition for homebuyers, as an influx of students and job seekers ensures higher rental demand and returns on investment.

The price of real estate properties varies with every location in Chennai as follows,

Locality	Average Price	Price appreciation (last 5 years)	Average monthly rentals
Korattur	Rs 6,350/ sq. ft	10.4%	Rs 15,000 onwards
Urapakkam	Rs 4,600/ sq. ft	26%	Rs 7,500 onwards
Pallavaram	Rs 7,600/ sq. ft	12%	Rs 10,000 onwards
Valasaravakkam	Rs 9,800	38%	Rs 18,000 onwards
Medavakkam	Rs 6,000	25%	Rs 17,500 onwards
Velachery	Rs 8,350	13.6%	Rs 15,300 onwards

Buying a flat in Chennai is immensely worth it. The city has recently seen an increase in housing demand that has never been seen before. Chennai real estate prices would inevitably rise as a result. You can safeguard yourself against future increases in the cost of real estate or rent if you purchase an apartment in Chennai to reside in. You can guarantee yearly high profits if you purchase an apartment as an investment.

Current Price on Pallavaram and Price Trends

When it comes to connectivity, Pallavaram is the best locality in Chennai. Situated at the intersection of the Pallavaram-Thoraipakkam Road and Old Mahabalipuram Road (OMR), and the locality is near to the Outer Ring Road (ORR), East Coast Road (ECR), and Trichy-Chennai Highway. Pallavaram has both railway and metro stations.

Multiple tech parks exist in and around Pallavaram, including Chennai Trade Centre, Olympia Tech Park, and SIDCO Industrial Estate. The average rate of properties in Pallavaram is Rs. 7,600 per sq. ft, which is expected to increase exponentially in the coming years due to the area's status as an emerging hub and great demand for housing in the locality.

Cost Sheet of Prestige Pallava Gardens

Prestige Pallava Gardens cost sheet is the best tool for understanding the prices of all the apartments in the project. The 2 segments of the cost sheet are as follows

• The apartment cost breakdown and
• Payment plan

The cost sheet mentions Prestige Pallava Garden's price per square foot and floor cost to help buyers better understand the project. However, the cost sheet has yet to be released as this project is in the prelaunch stage.

Prestige Pallava Gardens cost sheet will provide comprehensive data of

• Sale value
• Build-up Area cost
• Taxes
• Total Price
• Base price
• Stamp duty charges
• Carpet Area cost
• Registration charges
• Agreement value cost
• Additional charges
• Applicable GST for the Apartment

Frequently Asked Questions