DRA Homes Acquires 4.38 Acres in Chembarambakkam for ₹50 Crore to Launch New Housing Project
Real estate developer DRA Homes has purchased 4.38 acres of land in Chembarambakkam, Chennai, for ₹50 crore. The company plans to develop a mid-segment housing project with nearly one million square feet of residential space and managed residential services for short-term stays, expecting a revenue of ₹650 crore.
Dra HomesChembarambakkamReal EstateChennaiMidsegment HomesReal Estate MaharashtraOct 08, 2025
In a statement issued on Wednesday, the company confirmed that the land value, inclusive of stamp duty, is ₹50 crore. The project, located in Chembarambakkam, will have nearly one million square feet of mid-segment homes, catering to a diverse range of buyers. Additionally, the project will offer managed residential services for flexible short-term stays, making it an attractive option for both long-term residents and short-term visitors.
DRA Homes is optimistic about the project's potential, expecting to generate a revenue of ₹650 crore from the upcoming development. This projection is based on the growing demand for affordable and well-managed residential spaces in Chennai, a city that continues to attract a steady influx of residents and visitors.
DRA Homes has a strong track record of delivering successful projects across Chennai. The company’s commitment to quality and customer satisfaction has earned it a reputation as a reliable and innovative player in the real estate market. With this new acquisition, DRA Homes aims to continue its tradition of excellence and contribute to the city's urban development.
The project in Chembarambakkam is expected to not only boost the local economy but also enhance the quality of life for its residents. The inclusion of managed residential services for short-term stays is a unique feature that sets this project apart from others in the market, addressing the needs of a modern and dynamic population.
DRA Homes’ decision to invest in Chembarambakkam reflects the company's confidence in the region's potential and its commitment to sustainable and inclusive growth. As the project progresses, it is likely to create numerous employment opportunities and contribute to the overall development of the area.
For more information about DRA Homes and their upcoming projects, visit their official website or follow their social media channels for the latest updates and announcements.
Frequently Asked Questions
What is the total area of land acquired by DRA Homes in Chembarambakkam?
DRA Homes has acquired 4.38 acres of land in Chembarambakkam, Chennai.
What is the expected revenue from the new housing project in Chembarambakkam?
The expected revenue from the new housing project in Chembarambakkam is ₹650 crore.
What kind of residential services will the project offer?
The project will offer managed residential services for flexible short-term stays, in addition to mid-segment homes.
Where is the project located?
The project is located in Chembarambakkam, Chennai.
What is the total area of the housing project?
The housing project will have nearly one million square feet of residential space.
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