Mithun Sacheti Buys Teynampet Property for ₹36.5 Crore

• Mithun Sacheti buys 7,044 sq ft property in Chennai for ₹36.5 crore
• Deal includes two adjoining plots and shared access passage
• Surge in luxury property deals across Chennai in recent months

Chennai: Premium real estate activity in Chennai continues to gain momentum, with high-profile buyers actively investing in prime locations. In the latest transaction, Mithun Sacheti, founder of CaratLane, has purchased a residential property in Teynampet for ₹36.5 crore.

According to property registration records, the deal was finalised on March 6, 2026. The property is located on JJ Road in Teynampet—one of Chennai’s well-established and centrally located residential areas. The acquisition includes a total land parcel of about 7,044 sq ft and a combined built-up area of around 5,210 sq ft.

The transaction involved two sellers, who owned adjacent residential properties along with a shared access passage. One portion includes a G+1 structure on a 3,120 sq ft plot, while the other consists of a similar G+1 house built on a 3,132 sq ft plot. Additionally, a 792 sq ft common passage forms part of the overall deal.

This purchase comes amid a broader trend of high-value real estate investments in Chennai. In January 2026, Girish Mathrubootham, founder of Freshworks, acquired a premium property in the city for ₹60 crore, further underlining growing interest from business leaders in the luxury housing segment.

Celebrity investments have also contributed to this surge. South Indian film star Nayanthara and her husband Vignesh Shivan purchased a luxury duplex apartment worth ₹31.5 crore in the upscale Poes Garden area, a neighbourhood known for housing iconic personalities like Rajinikanth and former Tamil Nadu Chief Minister J. Jayalalithaa.

Meanwhile, large-scale land deals are also shaping the market. Chennai-based developer G Square Group recently acquired a five-acre land parcel in Madurai for ₹167 crore and plans to develop a premium plotted project.

Industry observers note that Chennai’s luxury real estate segment is witnessing renewed momentum, driven by stable pricing, strategic locations, and increasing demand from high-net-worth individuals. Sacheti’s latest acquisition further reflects confidence in the city’s premium residential market.