NE REALTY BUREAU
MUMBAI, JUNE 20
Godrej Properties Limited (GPL) has strengthened its footprint in South India with the acquisition of a ~47-acre land parcel through an outright purchase in South Chennai, marking another strategic expansion into one of the city’s fastest-growing residential corridors.
Located off Old Mahabalipuram Road (OMR), the land parcel is slated for the development of a predominantly plotted residential community with an estimated developable potential of nearly 1.2 million square feet. Based on current business assumptions, the project is expected to generate an estimated **revenue potential of around ₹500 crore.”
- 47-acre acquisition off Old Mahabalipuram Road (OMR) to pave the way for a premium plotted residential community
- Project carries an estimated developable potential of nearly 1.2 million sq ft with projected revenue of around ₹500 crore
- Strategic location offers seamless connectivity to SIPCOT, Siruseri, Kelambakkam and emerging growth corridors
- Move reinforces Godrej Properties’ long-term expansion strategy in one of Chennai’s fastest-growing residential micro-markets
The site enjoys strategic connectivity through OMR, providing easy access to major employment hubs along the Siruseri-Kelambakkam corridor, including SIPCOT, while also linking seamlessly to emerging residential and commercial destinations such as Vandalur, Guduvanchery, and the broader Mahabalipuram region.
Adding to its investment appeal, the location is supported by rapidly expanding social infrastructure comprising reputed educational institutions, healthcare facilities, shopping destinations and entertainment centres, making it an increasingly preferred address for homebuyers seeking long-term value.
Commenting on the acquisition, Gaurav Pandey, MD & CEO, Godrej Properties, said: “South Chennai is seeing a clear evolution in residential demand, with homebuyers increasingly gravitating towards well planned, future-ready communities that offer quality of living and long-term value. This belt has emerged as one of the most promising residential micro markets in the region, supported by improving infrastructure and growing end user interest. Our focus is on creating thoughtfully designed developments that align with these changing expectations and deliver enduring value over time, as we continue to strengthen our presence in Chennai.”
*Revenue and development estimates are based on current business assumptions.
