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Chennai real estate: Godrej Properties has acquired a 47-acre land parcel in South Chennai to develop a plotted residential project with a developable area of around 1.2 million sq ft.
Godrej Properties has expanded its presence in Chennai by acquiring a 47-acre land parcel in the city's southern region for a new plotted residential project. The company expects the development to generate an estimated ₹500 crore in revenue and has planned a developable area of around 1.2 million sq ft.
The land has been purchased through an outright acquisition and is located off Old Mahabalipuram Road (OMR), one of Chennai's key residential and commercial corridors.
According to the company's regulatory filing, the upcoming project will mainly consist of plotted residential units. The planned development is expected to cover around 1.2 million sq ft, offering buyers an opportunity to invest in residential plots in one of South Chennai's growing locations.
Godrej Properties estimates that the project has a revenue potential of nearly ₹500 crore.
The project site is situated near Old Mahabalipuram Road (OMR), a major route that connects several business and residential hubs in Chennai.
The location provides easy access to employment centres along the Siruseri–Kelambakkam corridor, including SIPCOT, while also connecting to developing areas such as Vandalur, Guduvanchery, and the Mahabalipuram region.
The company believes the project's location will attract homebuyers because of its improving infrastructure and strong connectivity.
Apart from road connectivity, the area is supported by expanding social infrastructure. Residents will have access to hospitals, schools, colleges, shopping centres and entertainment facilities, making the location increasingly attractive for residential development.
With more infrastructure projects coming up in South Chennai, demand for plotted developments has continued to grow in recent years.
Commenting on the acquisition, Gaurav Pandey, Managing Director and CEO of Godrej Properties, said South Chennai has emerged as one of the region's most promising residential markets.
He said homebuyers are increasingly looking for well-planned communities that offer a better quality of life and long-term value. According to him, improving infrastructure and rising end-user demand are driving growth in this part of the city.
Pandey added that the company remains focused on developing thoughtfully planned residential communities while strengthening its presence in the Chennai market.
The Chennai acquisition is part of Godrej Properties' ongoing expansion strategy.
During the 2025-26 financial year, the company acquired 18 land parcels across India for future residential developments. These projects together have an estimated revenue potential of around ₹42,100 crore, reflecting the company's focus on expanding its housing portfolio to meet rising consumer demand.
Also Read: Godrej Properties Wins Bid for 23.2-Acre Land Parcel in Greater Noida, Targets ₹7,000 Crore Revenue
Earlier this year, on June 1, Godrej Properties also announced that it had secured the bid for a 23.2-acre residential land parcel in the DMIC Integrated Township, Greater Noida. The company plans to develop a group housing project on the site, which is expected to generate more than ₹7,000 crore in revenue.
This latest acquisition in Chennai further strengthens Godrej Properties' presence in key residential markets as the developer continues to expand its footprint across India.
