Godrej Properties Acquires 47-Acre Land Parcel in South Chennai for ₹500 Crore Residential Project

Godrej Properties has expanded its footprint in Tamil Nadu by acquiring a 47-acre land parcel in South Chennai for a plotted residential development with an estimated revenue potential of ₹500 crore. The acquisition reinforces the company’s long-term growth strategy as it continues to strengthen its presence in key residential markets across India.

According to the company, the proposed development will primarily consist of plotted residential units with a total developable potential of around 1.2 million square feet. While the financial details of the land acquisition have not been disclosed, the project is expected to contribute significantly to the company’s residential portfolio in Chennai.

South Chennai has emerged as one of the city’s most attractive residential destinations, supported by expanding infrastructure, improved road connectivity and growing demand from homebuyers seeking well-planned communities. The region continues to attract both end-users and investors due to its long-term appreciation potential and proximity to major employment hubs.

Commenting on the acquisition, Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, said the company sees strong opportunities in South Chennai, where demand for high-quality residential developments continues to grow. He noted that the company aims to create thoughtfully planned communities that deliver long-term value for homeowners.

The latest acquisition further strengthens Godrej Properties’ expansion strategy. Earlier this month, the company acquired a 23.2-acre land parcel in Greater Noida to develop a residential project with an estimated revenue potential of ₹7,000 crore.

During FY26, Godrej Properties acquired 18 land parcels across multiple cities with a combined estimated revenue potential of ₹42,100 crore. The aggressive land acquisition strategy reflects the developer’s confidence in India’s residential real estate market, which continues to witness healthy demand across major metropolitan regions.

The Mumbai-based developer also emerged as India’s largest listed real estate company by sales bookings during FY26. The company reported sales bookings of ₹34,171 crore during the financial year, compared with ₹29,444 crore in the previous year, highlighting sustained customer demand and successful project launches.

With the new South Chennai development, Godrej Properties is expected to further strengthen its market presence while contributing to the city’s expanding residential landscape through a modern plotted housing project designed to meet evolving homebuyer preferences.