Godrej Properties has acquired a ~47 acre land parcel off Old Mahabalipuram Road (OMR) in Chennai through an outright purchase. The project is expected to generate an estimated revenue potential of ~INR 500 crore based on current business assumptions, strengthening the developer's presence in the fast-growing micro market of South Chennai.

Project Overview

The proposed development will comprise primarily plotted residential units, offering an estimated developable potential of ~1.2 million square feet. The site is strategically located to provide access to key employment hubs, including SIPCOT, and emerging nodes such as Vandalur, Guduvanchery, and the wider Mahabalipuram region.

The following table summarises the key project parameters:

Management Commentary

Gaurav Pandey, MD & CEO, Godrej Properties, highlighted the evolving residential demand in South Chennai. He stated that homebuyers are increasingly gravitating towards well-planned, future-ready communities that offer quality of living and long-term value. Pandey noted that the belt has emerged as a promising residential micro market supported by improving infrastructure and growing end-user interest.

Location Advantage

The location benefits from steadily evolving social infrastructure, including access to healthcare facilities, educational institutions, retail, and entertainment options. This connectivity and infrastructure contribute to the area's growing appeal as a residential destination.

Godrej Properties witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 1,26,070 shares transacted in a single deal valued at ₹22.96 crores. The trade was executed at a price of ₹1820.90 per share, reflecting significant institutional-scale activity in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large-volume transactions typically executed between institutional participants outside the regular order book, and are often indicative of significant portfolio activity by major investors in a given security.