Godrej Properties gains on acquiring land parcel in Chennai with Rs 500 crore revenue potential
Mumbai, June 30 -- The proposed development on this land will comprise primarily plotted residential units and is expected to offer a developable potential of nearly 1.2 million square feet, with an estimated revenue potential of Rs 500 crore.
The site is well connected via OMR, providing 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.
Gaurav Pandey, MD & CEO, Godrej Properties, 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 emer...
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