Leading real estate developer Godrej Properties Ltd (GPL) has acquired a 47-acre land parcel through an outright purchase in South Chennai, strengthening its presence in one of the city’s fastest-growing residential micro markets.
The land parcel is located off Old Mahabalipuram Road (OMR), a key growth corridor in South Chennai. The proposed development will primarily comprise plotted residential units with a developable potential of around 1.2 million sq ft. The project is expected to generate an estimated revenue potential of ₹500 crore.
Strategic location
The project site enjoys connectivity through OMR, offering access to major employment hubs along the Siruseri–Kelambakkam corridor, including SIPCOT, as well as emerging residential and commercial nodes such as Vandalur, Guduvanchery and the wider Mahabalipuram region.
The location is also supported by steadily improving social infrastructure, including healthcare facilities, educational institutions, retail centres and entertainment options, enhancing its attractiveness as a residential destination.
Company sees rising demand in South Chennai
Godrej Properties MD & CEO Gaurav Pandey 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,” he added.
The acquisition is part of Godrej Properties’ strategy to expand its footprint in key urban markets by adding projects in high-growth residential corridors.