Chennai Sets New Real Estate Record with ₹1,212 Crore Land Sale on Haddows Road

Chennai has once again made headlines in the real estate sector with a record-breaking land sale. The Baashyaam Group, a prominent player in the city's property market, has acquired a 5.8-acre plot on Haddows Road, Nungambakkam, for an astounding ₹1,212 crore. The seller, Standard Chartered, one of the world's leading banking institutions, has offloaded this prime piece of land, setting a new benchmark in the city's real estate history.

The transaction, which took place in December 2025, has sent ripples through the real estate community, highlighting the increasing value of prime locations in Chennai. Haddows Road, located in the heart of Nungambakkam, is known for its prime residential and commercial properties, making it a highly sought-after area for both developers and investors.

The Baashyaam Group, known for its innovative projects and commitment to quality, plans to develop a mixed-use project on the site. The project is expected to include high-end residential apartments, commercial spaces, and possibly a luxury hotel, further enhancing the area's appeal and value.

Real estate experts are hailing this transaction as a significant milestone, indicating a strong market sentiment and the potential for further high-value deals in the future. The deal also reflects the confidence of global investors in Chennai's real estate market, which has been steadily growing over the past few years.

According to industry analysts, the acquisition of this plot by Baashyaam Group is not just a business transaction but a strategic move that could reshape the development landscape of Nungambakkam. The area has seen significant infrastructure improvements, including better connectivity and modern amenities, which have contributed to its rising property values.

The sale also underscores the importance of location in determining property prices. Haddows Road, with its proximity to key business districts and amenities, has always been a prime location. The Baashyaam Group's investment in this area is expected to attract more developers and investors, potentially leading to a rise in property values and development activities in the surrounding areas.

For Standard Chartered, the sale represents a strategic divestment that allows the bank to focus on its core banking operations while capitalizing on its real estate assets. The proceeds from the sale are likely to be reinvested in other high-growth areas, further strengthening the bank's financial position.

The real estate market in Chennai has been resilient, despite various economic challenges. The city's strong industrial base, coupled with its strategic location, has made it an attractive destination for both domestic and international investors. The Baashyaam Group's acquisition of this prime plot is a testament to the city's potential and the confidence of investors in its future growth.

As the development plans for the 5.8-acre plot unfold, residents and businesses in Nungambakkam can look forward to a new landmark that will enhance the area's appeal and contribute to the city's urban development. The full video of the transaction provides exclusive insights and details, offering a behind-the-scenes look at this historic deal.

In conclusion, the sale of the Haddows Road plot for ₹1,212 crore marks a significant milestone in Chennai's real estate market. It not only sets a new benchmark for land prices but also highlights the city's growing prominence as a key real estate destination. The Baashyaam Group's investment in this prime location is expected to drive further development and innovation in the area, solidifying Chennai's position as a leading city for real estate investment.