Godrej Properties Acquires 47-Acre Land in Chennai

• 47-acre land acquired off OMR in South Chennai.
• Plotted housing project to offer 1.2 million sq ft development potential.
• Project expected to generate around ₹500 crore in revenue.

Chennai: Godrej Properties has strengthened its presence in Chennai by acquiring a 47-acre land parcel in South Chennai for a new plotted residential development. The acquisition, announced on June 30, is expected to generate an estimated ₹500 crore in revenue and reflects the company’s continued expansion in India’s growing housing market.

The land parcel is located off Old Mahabalipuram Road (OMR), one of Chennai’s fastest-growing residential corridors. According to the company, the project will offer around 1.2 million square feet of developable area, primarily consisting of residential plots.

The location provides easy connectivity to major employment hubs, including the Siruseri SIPCOT IT Park, while also offering access to Vandalur, Guduvanchery, Kelambakkam, and the Mahabalipuram region. With improving infrastructure, schools, hospitals, shopping centres, and entertainment facilities nearby, the area has emerged as a preferred destination for homebuyers.

Commenting on the acquisition, Gaurav Pandey, Managing Director and CEO of Godrej Properties, said South Chennai is witnessing a steady rise in residential demand as buyers increasingly look for well-planned communities that offer long-term value and better quality of life. He added that the company remains focused on delivering thoughtfully designed developments while strengthening its footprint in Chennai.

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The latest acquisition highlights Godrej Properties’ aggressive expansion strategy amid robust demand for residential projects. Plotted developments have gained popularity among buyers due to greater flexibility, long-term appreciation potential, and increasing infrastructure investments in suburban locations. For Chennai’s real estate market, the project is expected to add more organised housing options in one of the city’s most promising growth corridors.

Looking ahead, Godrej Properties is expected to begin planning and approvals for the project before launching the plotted development. The Chennai acquisition follows another major land purchase earlier this year in Coimbatore, where the company acquired a 44-acre site for a premium plotted project with an estimated revenue potential of ₹450 crore.

During the 2025-26 financial year, the developer has acquired 18 land parcels across India with a combined estimated revenue potential of ₹42,100 crore, reinforcing its long-term growth plans.

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