The company did not disclose the deal size and the name of the sellers.
The proposed development on this land will comprise primarily plotted residential units and is expected to offer a developable potential of 1.2 million square feet, with an estimated revenue potential of Rs 500 crore, the company said in a statement.
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, it added.
The location is supported by a steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination, the company said.
“South Chennai is seeing a clear evolution in residential demand, with homebuyers increasingly gravitating towards wellplanned, future-ready communities that offer quality of living and long-term value,” Gaurav Pandey, MD & CEO, Godrej Properties, said.
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, he said.
“Our focus is on creating thoughtfully designed developments that align with these changing expectations and deliver enduring value over time, as we continue to strengthen our presence in Chennai,” Pandey added.