DRA Acquires 10 Acres Near Thazhambur for Rs 159 Crore

Real estate developer DRA has strengthened its footprint in Chennai by acquiring a 10-acre land parcel off Old Mahabalipuram Road (OMR) near Thazhambur for Rs 159 crore. Aligned with its strategy to capture rising residential demand, the firm plans to develop a 1.55 million sq. ft. housing project on the site, projecting an estimated revenue potential of Rs 1,200 crore. This acquisition underscores the ongoing trend of strategic land-banking by top-tier developers across India.

News by Rahul Yelligetti.