₹1,212 Cr. Deal: Baashyaam Bags Nungambakkam's 5.8-Acre Gem

Baashyaam Group has completed one of Chennai’s largest real estate transactions by registering a 5.8-acre property on Haddows Road in Nungambakkam, acquired from Standard Chartered Bank.

The land’s estimated value, including registration costs, is around ₹1,212 crore. The company is currently evaluating potential development plans for the site, located in a prime area where large land parcels are increasingly rare. CBRE served as the transaction advisor for the deal.

In recent years, Baashyaam Group has acquired several premium properties in Chennai, focusing on luxury residential and high-end commercial developments. Notable projects include the upcoming Prarthana luxury development on ECR, luxury apartments at the Crowne Plaza site in Alwarpet, The Peak in Ashok Nagar, The Pinnacle in Boat Club, and other prestigious projects such as Royal Damera Gardens in Poes Garden and Promenade at Thuraipakkam on OMR.

News by Rahul Yelligetti.