Tag: Old Mahabalipuram Road

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Godrej Properties Purchases 47 Acres in Chennai

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured a 47-acre land parcel through outright purchase, situated off Old Mahabalipuram Road (OMR) in South Chennai. The future development on this site is anticipated to mainly consist of plotted residential units, with an expected developable area of 1.2 million sq ft, and a projected revenue potential of ₹500 crore. Gaurav Pandey, MD & CEO of the company, stated, “South Chennai has become one of the most promising residential micro-markets in the region, bolstered by improved infrastructure and increasing interest from end-users.” Published On Jun 30, 2026 at 08:23 AM IST…

Latest StoriesResidential

DRA Homes Buys 3.91 Acres in Chennai for ₹49.7 Crore

Certainly! Here’s a rewritten version of the provided content: NEW DELHI: DRA Homes has purchased 3.91 acres of land in Karanai, located off the Old Mahabalipuram Road (OMR) in Chennai, for ₹49.70 crore. The company intends to establish a mid-segment residential community on this site, with an anticipated inventory value of approximately ₹500 crore. Ranjeeth Rathod, the managing director, commented, “The acquisition in Karanai is in line with our strategy and will reinforce our development pipeline in Chennai.” Earlier in January 2026, the company secured a ₹250 crore debt platform from Yubi to enhance its land acquisition capabilities in high-growth…