In one of the city’s biggest real-estate transactions to date, Baashyaam Group has officially registered the iconic 5.8-acre property on Haddows Road, Nungambakkam, that it had acquired from Standard Chartered Bank. The land value, including registration costs, is estimated at around ₹1,212 crore.
Baashyaam Group is still assessing the type of development to pursue at the site, located in a part of the city where large land parcels have become increasingly scarce. CBRE served as the transaction advisor for the deal.
It’s curtains for Prarthana drive-in theatre on ECR near Chennai
In recent years, Baashyaam Group has secured several prime parcels across the city and is currently developing a range of luxury residential and other high-end projects. Some of its key projects include the upcoming luxury project in ECR-Prarthana by Baashyaam, luxury apartments at the Crowne Plaza site in Alwarpet, The Peak in Ashok Nagar, The Pinnacle in Boat Club , The epic in Gopalapuram , Royal Damera Gardens in Poes Garden, and Promenade, enchanted at OMR Thuraipakkam, a commercial project in Guindy.
