Acquisition Details
Godrej Properties Limited acquired a approximately 47-acre land parcel located off Old Mahabalipuram road (OMR) in South Chennai. The acquisition was made through an outright purchase method.
Project Development Potential
The proposed development on this land will comprise primarily plotted residential units. The project offers an estimated developable potential of approximately 1.2 million square feet, with an estimated revenue potential of approximately ₹500 crore. These estimates are based on current business assumptions.
Location and Connectivity
The land parcel is situated in one of the fast-growing micro markets in South Chennai, specifically off Old Mahabalipuram road (OMR). The site provides 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.
Infrastructure and Amenities
The location is supported by steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination.
Management Commentary
Gaurav Pandey, MD & CEO of Godrej Properties, stated: "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."
Company Background Context
The press release notes that Godrej Properties is India's largest residential developer by both value and volume of homes sold, with over 100,000 families having found homes with the company. As of December 2025, the company was ranked the number one real estate company worldwide on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark.