Godrej Properties Ltd announced today that it has purchased 60 acres outright in Chennai’s fast-growing micro market of Oragadam Junction.

The proposed project, which spans 60 acres, is estimated to have a developable potential of approximately 1.6 million square feet of saleable area, primarily comprised of residential plotted development.

The site is strategically located between the Grand South Trunk Road (GST road) and the NH-4, just off Oragadam Junction (on the 6-lane SH-48), with access to the rest of the city via Chennai Bypass Road, Chennai Tiruvallur High Road, and Red Hills Road.

“We are pleased to add this land parcel to our portfolio,” said Gaurav Pandey, MD & CEO of Godrej Properties. It is consistent with our strategy of expanding our presence in India’s major cities. We intend to construct an outstanding plotted development project in Chennai that will provide long-term value to its residents.”

Oragadam Junction is recognised as one of Chennai’s fastest-growing businesses and largest industrial corridors, with 22 Fortune 500 companies’ manufacturing facilities spread across the industrial belt stretching from Sriperumbudur to Oragadam. The area has the good civil and social infrastructure, including schools, colleges, hospitals, and retail outlets, and is well-connected by road and rail.

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.