Tag: Ranjeeth Rathod

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DRA Homes Buys 4.38 Acres in Chennai for ₹50 Crore

Representative image NEW DELHI: DRA Homes, based in Chennai, has purchased 4.38 acres of land in Chembarambakkam along the Chennai–Bengaluru Highway for ₹50 crore (inclusive of stamp duty). Ranjeeth Rathod, the company’s managing director, stated, “Our Gold-rated Green building will integrate smart design, flexible living options, and community-focused amenities to create homes that meet the needs of India’s new generation of mobile professionals and families.” The residential project is set to include nearly one million square feet of mid-segment homes along with managed residential services for short-term stays, with an estimated sales potential of ₹650 crore. Published On Oct 22,…

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DRA & Balajadia Launch $100M Platform for Commercial Development

NEW DELHI: Chennai-based DRA Group has signed a memorandum of understanding (MoU) with the Philippines’ Balajadia Family office to establish a special purpose vehicle (SPV) platform. This 50:50 joint venture aims to develop one million sq ft of grade-A commercial and retail spaces in Chennai and Bengaluru during the first phase, with an estimated investment of $100 million. Ranjeeth Rathod, managing director of DRA, stated, “This collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth.” Lloyd Balajadia expressed enthusiasm, saying, “We look forward to creating landmark developments in India and exploring future collaborations…