Godrej Properties Acquires Land Parcel in Chennai for Planned Residential Development
Godrej Properties Limited (GPL), a leading real estate developer in India, has announced the acquisition of approximately 47 acres of land located off Old Mahabalipuram road (OMR) in South Chennai. The outright purchase targets one of the fast-growing micro markets in South Chennai.The acquired parcel is slated for a new residential development, which is anticipated to offer a developable potential of around 1.2 million square feet. The project holds an estimated revenue potential of approximately INR 500 crore.
The prime location benefits from connectivity via OMR, offering access to various employment hubs along the Siruseri-Kelambakkam corridor, including SIPCOT, and emerging areas such as Vandalur, Guduvanchery, and the wider Mahabalipuram region. The area is characterized by a developing social infrastructure, providing residents with proximity to educational institutions, healthcare facilities, retail, and entertainment options, thus boosting its appeal as a residential destination.
Gaurav Pandey, MD and CEO of Godrej Properties, stated that South Chennai is witnessing a clear evolution in residential demand. He noted that homebuyers are increasingly gravitating towards planned, future-ready communities that promise both quality of living and long-term value. Pandey added that the region has emerged as one of the most promising micro markets, supported by infrastructural improvements and growing end-user interest, reinforcing the company's focus on delivering thoughtfully designed developments that align with these evolving expectations.
Godrej Properties Limited is part of the Godrej Industries Group and operates with a commitment to thoughtful design and quality. The company has served over 100,000 families across India, making it one of India's largest residential developers by volume and value sold. As of December 2025, GPL was ranked as the number one real estate company globally on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark.
GODREJPROP Stock Price Movement
Shares of Godrej Properties Limited on Monday slipped by 1.36% to settle at ₹1830.1, amid signs of downward pressure. The stock traded a volume of 630,680 shares during the session, closing well below its day high of ₹1869.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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