Prestige Group, via Canopy Living LLP, a joint venture, has entered into an agreement to purchase a 16.38-acre land parcel in Padi, Chennai. The location is near Anna Nagar, a prime residential area, and the purchase aligns with Prestige’s strategy to enhance its presence in key urban locations. This acquisition will support the company’s future residential and mixed-use development plans.
Chennai Land Acquisition
Prestige Group has announced an agreement, effective January 8, 2026, through Canopy Living LLP, its joint venture with Arihant Foundations & Housing Limited, to acquire a 16.38-acre land parcel in Padi, Chennai.
Strategic Location
The acquired land is strategically positioned near Anna Nagar, a well-established residential area in Chennai. The location is known for its robust social infrastructure and strong connectivity.
Expansion Strategy
This acquisition aligns with Prestige Group’s strategy to strengthen its presence in high-quality urban areas. The company continues to seek well-located land acquisition opportunities to support its residential and mixed-use development pipeline.
About Prestige Group
Prestige Group is described as one of India’s most respected and diversified real estate developers. As of September 2025, the Group has completed 310 projects covering 202 million sft. They currently have a pipeline of 130 projects spanning 199 million sft.
Source: BSE
