Prestige Group and Arihant Group jointly acquired a 16.331-acre prime land parcel in Padi, Chennai via Canopy Living LLP.
The site will be developed into a premium residential project with ~3.6 mn sq. ft. saleable area and ~₹5,000 crore estimated revenue.
Located near Anna Nagar, this is among Chennai's largest land deals in the past decade, filed under NSE: PRESTIGE / BSE: 533274.