Godrej Properties has acquired around 47-acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai. The proposed development on this land will comprise primarily plotted residential units and is expected to offer a developable potential of around 1.2 million square feet, with an estimated revenue potential of around Rs 500 crore (on the basis of current business assumptions).
The site is well connected via OMR, providing access to key employment hubs across the Siruseri-Kelambakkam corridor, including SIPCOT as well as emerging nodes such as Vandalur, Guduvanchery, and the wider Mahabalipuram region. The location is supported by a steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
