DRA Homes, one of Chennai’s leading real estate developers, has acquired a 4.38-acre land parcel at Chembarambakkam along the Chennai–Bengaluru Highway for a new mid-segment residential project. Valued at ₹50 crore (including stamp duty), the acquisition marks a key milestone in the company’s expansion across Western Chennai’s fast-growing corridor. The upcoming development, spanning nearly one million sq. ft., will feature a mix of sustainable homes and managed residences, reflecting DRA Homes’ vision of creating smart, flexible, and community-focused urban living spaces.

A corridor with pan-India appeal, the Chennai–Bengaluru Highway is rapidly transforming into a nationally significant corridor, drawing interest from professionals, businesses, and investors well beyond Tamil Nadu and Karnataka. Its enhanced connectivity, proximity to the upcoming Parandur International Airport, thriving industrial hubs like Sriperumbudur and Poonamallee, and proposed metro expansions make it an attractive destination for buyers and investors from across India, including northern, western, and eastern regions.

The project will feature nearly one million sq. ft. of thoughtfully planned mid-segment homes combined with managed residential services for flexible short-term stays. This unique hybrid model answers the needs of both long-term homeowners and business travelers, offering a blend of convenience, flexibility, and investment potential.

The development champions green building principles and energy-efficient design, promoting healthier living environments and cost savings. Community amenities will include serviced apartments, a clubhouse, swimming pool, sports courts, and landscaped open spaces, fostering a vibrant and modern lifestyle within a self-contained neighborhood.

The acquisition of this land valued at ₹50 crore (inclusive of stamp duty) represents a strategic investment in a high-growth corridor, with the complete development poised to achieve an estimated sales potential of ₹650 crore.

Commenting on the development, Ranjeeth Rathod, Managing Director, DRA Homes, said, “Securing this 4.38 acres land parcel on the Chennai–Bengaluru Highway is a cornerstone for our vision of delivering sustainable, modern living to a national audience. Our Gold-rated Green building will combine smart design, flexible living options, and community-centric amenities to create homes that cater to India’s new generation of mobile professionals and families.”

By developing this landmark project, DRA Homes reinforces its leadership in Chennai’s mid-segment residential market while setting new standards for sustainable, connected, and flexible urban living in one of India’s fastest-growing corridors.