Prestige Group buys 25-acre site in Medavakkam, Chennai

Representative image
Representative image

NEW DELHI: Prestige Group has secured a 25-acre land parcel in Medavakkam, Chennai.

This land holds the potential for approximately five million square feet of development, estimated to generate over ₹5,000 crore in top-line revenue.

In early December 2025, Prestige Falcon Realty, a wholly-owned subsidiary, along with Prestige Projects, acquired a partnership interest in Bharatnagar Buildcon LLP, as disclosed in a regulatory filing.

The subsidiaries invested ₹938.75 crore through capital and current account contributions in the LLP.

As a result of this acquisition, the company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP, with 63.12% through Prestige Falcon Realty and 3.81% through Prestige Projects.

  • Published On Dec 23, 2025 at 01:00 PM IST

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