Prestige Canopy Living is an upcoming premium residential development in Padi, North Chennai, being developed through Canopy Living LLP — a joint venture between Prestige Estates Projects Ltd and the Chennai-based Arihant Foundations and Housing Ltd. The venture has acquired a 16.381-acre land parcel at Korattur village in Ambattur Taluk, Chennai, from Sundaram-Clayton Ltd for a total consideration of ₹561 crore, with the deal formalised through an Agreement to Sell signed on January 8, 2026.
The development is proposed to have a total saleable area of about 3.6 million square feet, positioning it as one of the largest single land parcels acquired by Prestige Group in Chennai in recent years, with an estimated revenue potential of approximately Rs 5,000 crore. The site sits in close proximity to Anna Nagar, one of the city's most established and sought-after residential micro-markets, and is expected to draw on the area's mature social infrastructure, connectivity and long-standing residential character.
While the joint venture has confirmed the land acquisition and the scale of the development, detailed unit mix, tower configuration, amenities list, launch pricing and construction timelines are yet to be officially released by Prestige Group and Arihant Group. Prestige Group has stated that Chennai remains a key market for the company, citing stable demand, improving infrastructure and evolving residential preferences, and has emphasised an approach centred on quality execution and timely delivery.
As details are finalised, this page will be updated with the official floor plans, RERA registration, pricing and possession schedule for Prestige Canopy Living. Prospective buyers are advised to treat any pricing or configuration currently circulating as indicative until the developer makes an official announcement.
Prestige Canopy Living is at the land-acquisition and planning stage; the developer has not yet released official unit sizes, pricing or a RERA number for this project. The table below will be updated with verified figures as soon as Prestige and Arihant Group announce the formal launch.
| Type | Size | Price | Status |
|---|---|---|---|
| 2 BHK | TBA | Price on Request | Pre-Launch |
| 3 BHK | TBA | Price on Request | Pre-Launch |
Specific amenities for Prestige Canopy Living have not been officially disclosed yet, but the project is expected to follow the standards typical of Prestige Group's premium Chennai residential developments.
A dedicated recreational clubhouse for residents, in line with Prestige's premium project format.
Green open spaces and landscaped courtyards across the large land parcel.
Resort-style pool zone expected as part of the leisure amenities.
A modern gymnasium and indoor fitness spaces for residents.
Dedicated outdoor play zones for younger residents.
Multi-purpose courts expected within the large-format layout.
Gated access with surveillance, typical of Prestige-managed communities.
Ground-level retail convenience zones planned within the development, similar to other large Prestige townships.
Padi is a well-established locality in North Chennai, bordered by Anna Nagar, Mogappair, Villivakkam, Korattur and Koyambedu. The Prestige Canopy Living site benefits from close proximity to Anna Nagar, widely regarded as one of Chennai's most sought-after residential micro-markets, giving residents access to an established ecosystem of schools, hospitals, retail and civic infrastructure. Connectivity is a strong draw for the area, with the Anna Nagar Tower Metro Station on the Green Line around 3.8 km away and Korattur Railway Station roughly 3 km from Padi. The locality also connects well to major employment and industrial hubs, with the Ambattur Industrial Estate — one of South India's largest industrial clusters — reachable via the Padi-Ambattur Road, while Anna Nagar Road links directly into Anna Nagar's premium residential and commercial belt. Koyambedu, home to the CMBT bus terminus and Chennai's largest wholesale market, is also accessible via the Anna Nagar Road and metro network, reinforcing Padi's position as a well-connected North Chennai address for both end-users and investors.
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Content is provided strictly for information and does not constitute an offer, solicitation, or contractual commitment. Specifications, pricing, and availability may change at any time. Independent verification of all particulars is advised. About · Projects
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