DRA Homes Buys Chembarambakkam Land, Targets Rs 6,500 Million Sales
Real Estate

DRA Homes Buys Chembarambakkam Land, Targets Rs 6,500 Million Sales

Chennai-based real estate company, DRA Homes has purchased 4.38 acres of prime land in Chembarambakkam, located along the Chennai–Bengaluru highway, for Rs 500 million, inclusive of stamp duty. The fully developed project is expected to yield Rs 650 crore in sales potential, according to a release.

The Chennai–Bengaluru highway is swiftly emerging as a key national corridor, attracting growing interest from professionals, businesses, and investors beyond Tamil Nadu and Karnataka. Its improved connectivity, closeness to the upcoming Parandur International Airport, established industrial hubs such as Sriperumbudur and Poonamallee, and proposed metro extensions have boosted its appeal among buyers nationwide.

Spanning nearly one million square feet, the development will comprise well-planned mid-segment homes along with managed residential services catering to flexible short-term stays. The hybrid model is designed to meet the needs of both long-term homeowners and business travellers, offering convenience, adaptability, and promising investment value.

Chennai-based real estate company, DRA Homes has purchased 4.38 acres of prime land in Chembarambakkam, located along the Chennai–Bengaluru highway, for Rs 500 million, inclusive of stamp duty. The fully developed project is expected to yield Rs 650 crore in sales potential, according to a release. The Chennai–Bengaluru highway is swiftly emerging as a key national corridor, attracting growing interest from professionals, businesses, and investors beyond Tamil Nadu and Karnataka. Its improved connectivity, closeness to the upcoming Parandur International Airport, established industrial hubs such as Sriperumbudur and Poonamallee, and proposed metro extensions have boosted its appeal among buyers nationwide. Spanning nearly one million square feet, the development will comprise well-planned mid-segment homes along with managed residential services catering to flexible short-term stays. The hybrid model is designed to meet the needs of both long-term homeowners and business travellers, offering convenience, adaptability, and promising investment value.

Next Story
Infrastructure Transport

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Next Story
Real Estate

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Next Story
Building Material

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement