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DRA Homes has acquired 4.38 acres of land at Chembarambakkam along the Chennai-Bengaluru Highway, investing INR 50 crore, with projected sales of INR 650 crore. The company plans a mid-segment residential development spanning one million sq. ft., incorporating Gold-rated Green building principles and energy-efficient design. The project will offer homes for long-term residents and flexible short-term stays, along with community amenities like a clubhouse, swimming pool, sports courts, and landscaped spaces. Positioned in a high-growth corridor near industrial hubs and upcoming infrastructure, the project aims to meet India's mobile population's evolving lifestyle needs.
DRA Homes, one of India's fastest-growing residential developers, has completed the acquisition of 4.38 acres of prime land at Chembarambakkam, situated along the Chennai-Bengaluru Highway. The land was purchased at INR 50 crore, including stamp duty, with the overall development expected to generate sales worth INR 650 crore. This acquisition forms a significant part of the company's strategy to expand in Western Chennai's emerging residential corridor. Advertisement
The Chennai-Bengaluru Highway is increasingly becoming a corridor of national importance, attracting interest from professionals, businesses, and investors beyond Tamil Nadu and Karnataka. Its strategic location offers enhanced connectivity, proximity to the upcoming Parandur International Airport, thriving industrial hubs like Sriperumbudur and Poonamallee, and proposed metro expansions. These factors make it a preferred choice for homebuyers and investors from northern, western, and eastern India.
DRA Homes plans to develop a one million sq. ft. residential project that combines mid-segment homes with managed residential services for flexible short-term stays. This hybrid approach is designed to cater to both long-term homeowners and business travelers, offering convenience, flexibility, and strong investment potential.
The development will follow Gold-rated Green building standards, promoting energy efficiency and healthier living environments. Residents will have access to a range of community amenities, including a clubhouse, swimming pool, sports courts, landscaped open spaces, and serviced apartments. The project aims to foster a vibrant, self-contained community, combining modern living with sustainability.
Mr. Ranjeeth Rathod, Managing Director of DRA Homes, highlighted that securing this land marks a key step in delivering modern, sustainable living to a national audience. He emphasized that the project's smart design, flexible living options, and community-focused amenities will serve India's increasingly mobile professionals and families.
Through this project, DRA Homes is reinforcing its leadership in Chennai's mid-segment residential market while setting new standards for sustainable, connected, and flexible urban living in one of the country's fastest-growing residential corridors.
DRA Homes has a legacy of over 40 years and has completed several award-winning projects across Chennai, serving more than 12,000 satisfied customers. Notable projects include DRA Pristine Pavilion, Tuxedo, Ascot, Skylantis, Elite, and Infinique. The developer has been recognized with awards such as FICCI's REISA and Times Business Awards and holds the distinction of being Chennai's first developer with CRISIL's 7-star grading. Social initiatives like pond restoration and supporting young sports talent demonstrate DRA Homes' commitment to community development.
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