Prestige Group Expands Chennai Footprint with Landmark Land Acquisition

Prestige Group, one of India’s leading real estate developers, announced the acquisition of a 16.38-acre land parcel in Padi, Chennai. The deal was executed through Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations & Housing Limited.

The land is situated close to Anna Nagar, a well-established residential hub known for its connectivity, social infrastructure, and mature urban character. This acquisition aligns with Prestige’s strategy of focusing on high-quality urban locations while maintaining disciplined capital allocation.

Key Highlights

• Land Size: 16.38 acres at Padi, Chennai
• JV Entity: Canopy Living LLP (Prestige Estates + Arihant Foundations)
• Strategic Location: Near Anna Nagar, a prime residential micro-market
• Purpose: Strengthen residential and mixed-use development pipeline
• Group Legacy: Delivered 310 projects spanning 202 mn sq. ft.; pipeline of 130 projects across 199 mn sq. ft.

Prestige Group continues to evaluate well-located land opportunities across India to support its long-term growth and expansion strategy.

Sources: Prestige Estates Projects Limited corporate filing to NSE & BSE dated January 8, 2026.