June 11, 2024: Real estate developer DRA Homes is planning to develop 400 sea-view apartments on OMR, Chennai. The announcement comes after the company’s purchased 3.43 acre of prime land in Navalur. Spread over 7 lakh square foot, DRA Homes plans to launch its latest project in the first quarter of 2025.
With this new project, DRA Homes is expected to generate a topline of Rs 650 crore over the next four years. Navalur has the highest density of population on OMR with the eco-system of office space, residential, retail, schools, colleges and hospitals in the same vicinity.
Ranjeeth Rathod, managing director of DRA Homes, said, “We are thrilled about our latest project in OMR, as it marks a significant milestone for DRA Homes. DRA’s expansion in Navalur is a testament to our dedication to delivering premium living spaces catering to the modern needs of a homeowner. The sea view apartments will offer an unparalleled living experience, combined with luxury with a unique lifestyle experience. We are confident that this development will set a new benchmark for residential properties and redefine the standards of residential properties in Chennai.”
OMR is an upscale neighbourhood in southern Chennai and a prominent real estate hub, which draws several investors and homeseekers, including renters and buyers.
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