Prestige and Arihant Groups Acquire Land in Padi, Chennai

Representative Image
Representative Image

NEW DELHI: Prestige Group and Arihant Group have acquired a 16.331-acre land parcel in Padi, Chennai.

The acquisition is being handled through Canopy Living LLP, a joint venture between Prestige Estates Projects and Arihant Foundations and Housing.

The land is planned for a residential project with a total saleable area of approximately 3.6 million sq ft and an estimated revenue potential of around ₹5,000 crore.

Irfan Razack, Chairman and Managing Director, stated, “We remain focused on expanding our presence in the city through well-located, high-quality developments.”

  • Published On Mar 27, 2026, at 06:56 AM IST

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