The proposed project is estimated to have a marketable development potential of approximately 1.6 million square meters.
Godrej Properties Ltd., one of India’s leading real estate developers, today announced the purchase of 60 acres of land in Chennai’s booming Oragadam Junction micromarket.
Spread over an area of approximately 60 acres, the proposed project is assessed as potentially buildable with approximately 1.6 million square meters of the salable area comprising primarily residential lots.
The site is strategically located between Grand South Trunk Road (GST road) and NH-4 near Oragadam Junction (six lanes SH-48), providing access to other parts of the city via the Chennai Bypass from Chennai Thiruvallur Hai. Road and Red Hills Road.
Gaurav Pandey, MD & CEO, of Godrej Properties, said, “We are happy to add this land parcel to our portfolio. It fits with our strategy of deepening our presence across India’s leading cities. We will aim to build an outstanding plotted development project in Chennai that creates long-term value for its residents.”
Oragadam Junction is recognized as Chennai’s fastest-growing business and one of the largest industrial corridors, with manufacturing facilities for 22 Fortune 500 companies across the industrial belt stretching from Sriperumbudur to Oragadam. The area is well connected by road and rail and offers excellent civic and social infrastructure consisting of schools, universities, hospitals, and retail outlets.
