Godrej Properties Limited (GPL), a leading real estate developer, has acquired 47 acre land parcel through an outright purchase which is located off Old Mahabalipuram road (OMR), one of the fast-growing micro markets in South Chennai.The proposed development on this land will comprise primarily plotted residential units and is expected to offer a developable potential of 1.2 million sq ft, with an estimated revenue potential of ₹500 crore, says a release.The site is well connected via OMR, providing access to key employment hubs across the Siruseri–Kelambakkam corridor, including SIPCOT as well as emerging nodes such as Vandalur, Guduvanchery, and the wider Mahabalipuram region.Gaurav Pandey, MD & CEO, Godrej Properties, said, South Chennai is seeing a clear evolution in residential demand, with homebuyers increasingly gravitating towards well planned, future-ready communities that offer quality of living and long-term value.This belt has emerged as one of the most promising residential micro markets in the region, supported by improving infrastructure and growing end user interest.Published on June 30, 2026