Godrej Properties Limited (GPL) has acquired a 47-acre land parcel off the Old Mahabalipuram Road (OMR) in South Chennai to develop a plotted residential project with an estimated revenue potential of ₹500 crore. The company said the development is expected to offer approximately 1.2 million square feet of developable area, reflecting its continued focus on expanding in high-growth residential markets.
Strategically located near OMR, the site offers strong connectivity to major employment hubs along the Siruseri–Kelambakkam corridor, including SIPCOT, as well as Vandalur, Guduvanchery and the broader Mahabalipuram region. The location is expected to benefit from improving infrastructure and rising demand for well-planned residential communities.
Commenting on the acquisition, Godrej Properties Managing Director and CEO Gaurav Pandey said South Chennai has emerged as one of the region’s most promising residential markets, driven by growing end-user demand and infrastructure development. He added that the company aims to create thoughtfully designed, future-ready communities that deliver long-term value for homebuyers while strengthening its presence in Chennai.
The acquisition follows a strong financial performance by the company. In FY26, Godrej Properties retained its position as India’s largest residential developer by booking value for the third consecutive year, recording bookings worth ₹34,171 crore, a 16 percent year-on-year increase and a three-year compound annual growth rate (CAGR) of 41 percent.