Real estate major Godrej Properties has purchased a 60-acre land parcel in Chennai’s Oragadam Junction. Estimated to have a developable potential of approximately 1.6 million sqft, the project will be primarily residential.
Located between the Grand South Trunk road (GST road) and the NH-4, the area is connected to other parts of the city via the Chennai Bypass Road, the Chennai Tiruvallur High Road and the Red Hills Road.
“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,” says Gaurav Pandey, MD & CEO, Godrej Properties.
See also: Godrej Properties buys 9-acre land in Gurgaon’s Golf Course Road Extension