Prestige Group's joint venture, Canopy Living LLP, has signed an agreement to purchase 16.381 acres of land in Padi, Chennai. The land parcel is situated near Anna Nagar, a prime residential area known for its infrastructure and connectivity. This acquisition aligns with Prestige Group's strategy to expand its presence in key urban locations for future residential and mixed-use developments. The company has been active in real estate, reporting strong pre-sales figures in the previous financial year.