A leading real estate group plans to invest over Rs 8,000 crore by 2030 to expand its portfolio in Chennai, with a pipeline of over 15 million sq ft, of which the residential segment comprises over 12 million sq ft. The gross development value (GDV) of the residential projects is estimated to be over Rs 13,000 crore.

In FY25, the company plans to launch over three million sq ft of residential projects and about one million sq ft of commercial development in Chennai. It recently launched a high-rise residential project with G +38 floors, featuring three-, four- and five-bedroom apartments starting from 2,500 sq ft, with a GDV of over Rs 1,800 crore.

According to the company’s managing director, the aim is to double growth in the city by expanding across residential, commercial, retail and hospitality verticals. The company has already signed MoUs with the State Government for four projects as part of the Global Investors Meet, with approvals currently in process.

In Chennai, the developer has completed over five million sq ft. In FY25, it plans to launch over three million sq ft of residential projects and about one million sq ft of commercial development in the city. 

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