Godrej Properties Acquires 47-Acre Land Parcel Off OMR in South Chennai
South Chennai's growth story along the Old Mahabalipuram Road has found a new chapter. Godrej Properties Limited has acquired a 47-acre land parcel through an outright purchase off the Old Mahabalipuram Road in South Chennai. The move deepens the developer's presence in a corridor that has steadily transformed from the city's periphery into one of its most closely watched residential addresses.
According to the company's disclosure, the company will develop plotted residential units on the land, which is expected to offer a developable potential of about 1.2 million square feet, with an estimated revenue potential of ₹500 crore. Plotted development, rather than apartments, appears to be a deliberate strategic choice here. As one industry analysis put it, plotted development, rather than apartments, is a deliberate choice for this kind of land parcel, since it appeals to buyers seeking long-term land ownership and the flexibility to build at their own pace.
Connectivity is central to the site's appeal. The site is well connected via OMR, providing access to key employment hubs across the Siruseri-Kelambakkam corridor, including SIPCOT, as well as Vandalur, Guduvanchery and the wider Mahabalipuram region. This places the future development within reach of thousands of IT and industrial jobs, a factor that has historically driven housing demand along the OMR stretch. The location is supported by a steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination.
Commenting on the acquisition, 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, adding that this belt has emerged as one of the most promising residential micro-markets in the region, supported by improving infrastructure and growing end-user interest. He further noted that the company's focus is on creating thoughtfully designed developments that align with these changing expectations and deliver enduring value over time, as it continues to strengthen its presence in Chennai.
Industry observers see this as part of a broader trend playing out across Indian metros. That reading aligns with a broader pattern across Indian metros, where suburban and peri-urban corridors anchored by employment clusters have outperformed core city locations on both absorption and price appreciation. The Siruseri-Kelambakkam stretch, once considered an outer suburb, has increasingly drawn attention from developers and homebuyers alike as IT parks and supporting infrastructure mature in the area.
The timing of this acquisition is notable, coming on the back of a record year for the company. In FY26, Godrej Properties retained its position as India's largest residential developer by booking value for the third consecutive financial year, with its booking value growing 16 per cent year-on-year and at a three-year compound annual growth rate of 41 per cent to ₹34,171 crore. The company also posted strong operational numbers, with its highest-ever business development, bookings, collections and operating cash flow in FY26, as collections grew 17 per cent year-on-year and at a three-year CAGR of 30 per cent to ₹19,965 crore.
For prospective plot buyers, early market chatter suggests the project could see plot sizes ranging widely to suit different family and investment needs, with reports indicating the project spreads across 47 acres of land and offers spacious residential plots ranging from 1200 square feet to more than 3000 square feet. While pricing, launch date and RERA registration are yet to be officially confirmed by Godrej Properties, the scale of the acquisition and the developer's track record in Chennai (this being its expanding footprint in the city) make it a project worth tracking for anyone eyeing land ownership in South Chennai's fastest-growing belt.
As infrastructure along OMR continues to mature, with better road connectivity, expanding social amenities and a steady influx of IT-driven employment, plotted developments in this corridor are likely to remain in strong demand among both end-users wanting to build custom homes and investors betting on long-term appreciation.
