Bhasyam Developers Acquires Chennai Plot from Standard Chartered for ₹1,200 Crore
Representative AI image Realty developer Baashyaam Group has successfully purchased the renowned 5.5-acre Standard Chartered Bank property located in Nungambakkam, Chennai, for approximately Rs 1,200 crore. This marks it as the largest recorded land transaction in the city’s recent history, according to insiders involved in the deal. “The centrally positioned land is set to be redeveloped into a luxury residential and retail-focused project, driven by substantial demand, the strategic location, and the size of the property,” mentioned a source. This acquisition is expected to boost Chennai’s luxury housing market, which is facing significant supply constraints as prime land parcels in…