4.38 acres land acquired by DRA Homes at Chembarambakkam
Real estate firm DRA Homes has acquired 4.38 acres of land at Chembarambakkam along the Chennai–Bengaluru Highway for about Rs 50 crore. The firm would develop a housing project on the land that will feature mid-segment apartments and serviced residences.
The project aims to cater to mobile professionals and families. As per the firm, the plan is to develop a one-million sq. ft. mid-segment housing project with an estimated sales potential of Rs 650 crore.
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