GPL Acquires 47 Acre Land Parcel in Chennai for ₹500 Cr Project

Godrej Properties Limited (GPL) has announced the acquisition of a approximately 47-acre land parcel located off Old Mahabalipuram Road (OMR) in South Chennai. The proposed development is expected to have a developable potential of around 1.2 million square feet and an estimated revenue potential of approximately INR 500 crore. The project will primarily comprise plotted residential units. This strategic acquisition aims to strengthen GPL's presence in Chennai, a rapidly growing micro-market with improving infrastructure and increasing end-user interest.