The record
Written from the 1 report below. Nothing here is unsourced.
- Chennai-based real estate company DRA has bought a 10-acre land parcel off OMR near Thazhambur for ₹159 crore.
- The company plans to build a premium residential community with about 1.55 million sq. ft. of residential space on the site.
- The development will have an estimated gross development value of ₹1,200 crore.
- The project will include row houses, mid-rise apartments and a 38-storey high-rise residence.
- The investment matters because it targets premium mid-income and upper-middle-class homebuyers in South Chennai, a market the company says is maturing into a residential destination.
What to watch next
- Details of the residential project's launch timeline and pricing
- Response of premium homebuyers in the OMR–Medavakkam belt to larger, community-style housing
- Further land acquisitions by DRA in South Chennai
Who said what2
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Ranjeeth Rathod
Managing Director of DRA
2 quotes · 1 outlet
“South Chennai is evolving rapidly, with the OMR–Medavakkam belt moving beyond being an employment corridor to becoming a mature residential destination.”
In the article
…apartments and a 38-storey high-rise residence, bringing together diverse housing formats within an integrated community. South Chennai’s evolving residential market Ranjeeth Rathod, Managing Director, DRA, said, “ South Chennai is evolving rapidly, with the OMR–Medavakkam belt moving beyond being an employment corridor to becoming a mature residential destination. As this transformation continues, homebuyers are looking beyond connectivity and increasingly seeking larger homes, thoughtfully planned communities, open spaces and lifestyle infrastructure.” Published on September…
“As this transformation continues, homebuyers are looking beyond connectivity and increasingly seeking larger homes, thoughtfully planned communities, open spaces and lifestyle infrastructure.”
In the article
…market Ranjeeth Rathod, Managing Director, DRA, said, “South Chennai is evolving rapidly, with the OMR–Medavakkam belt moving beyond being an employment corridor to becoming a mature residential destination. As this transformation continues, homebuyers are looking beyond connectivity and increasingly seeking larger homes, thoughtfully planned communities, open spaces and lifestyle infrastructure. ” Published on September 16, 2026…
Coverage1
All filed from India
Named India · South Chennai · DRA · Ranjeeth Rathod
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