Mumbai, Dec. 23 -- The site is proposed to be developed into a large-format project in line with Prestige Group's focus on scale and planning efficiency.

Medavakkam is a rapidly developing residential micro-market in Chennai, benefiting from proximity to the OMR IT corridor, improving road infrastructure, and upcoming metro connectivity. The area offers a balanced mix of accessibility, affordability, and growing social infrastructure, supporting sustained residential demand.

Irfan Razack, chairman and managing director, Prestige Group, said: "This land acquisition in Medavakkam aligns with our long-term view on Chennai as an important market for the Group.

The location is well suited to address the city's sustained mid-segment housing ...