• Godrej Properties acquires 60 acres of land in Chennai: The proposed project is estimated to have a developable potential of around 1.6 million sq. salable area
Godrej Properties Limited, one of India's leading real estate developers, today announced that it has purchased 60 acres of land on an outright basis in the fast-growing micro-market of Oragadam Junction, Chennai.
Spread over ~60 acres, the proposed project is estimated to have a developable potential of around 1.6 million sq. salable area, which mainly comprises of residential plotted development.
The site is strategically located between Grand South Trunk Road (GST Road) and NH-4, just opposite Oragadam Junction (on 6-lane SH-48) Chennai Bypass Road, Chennai Tiruvallur High to other parts of the city provides access to. Road and Red Hills Road.
Gaurav Pandey, MD & CEO, Godrej Properties said, “We are delighted to add this land parcel to our portfolio. This is in line with our strategy to deepen our presence across key cities in India. We will aim to create an outstanding plotted development project in Chennai that creates long-term value for its residents."
Oragadam Junction is recognized as one of Chennai's fastest growing business and largest industrial corridors, with manufacturing facilities of 22 Fortune 500 companies spread across the industrial belt stretching from Sriperumbudur to Oragadam. The area is well connected via road and rail and offers good civic and social infrastructure consisting of schools, colleges, hospitals and retail outlets.
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