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DRA snaps up 10‑acre Chennai plot for Rs 159 cr, eyes Rs 1,200 cr housing venture

Realty firm DRA has purchased a ten‑acre parcel in Chennai for Rs 159 crore, planning a housing project projected to generate Rs 1,200 crore in revenue.

By SamacharDaily Editorial Team • • 1 min read

DRA, a realty firm with four decades of project delivery, announced the acquisition of a ten‑acre land parcel in Chennai at a price of Rs 159 crore.

The company intends to develop a housing project on the site, estimating the venture could generate roughly Rs 1,200 crore in revenue, reflecting its expansion agenda.

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The deal aligns with a broader pattern of developers securing land amid strong demand for homes, a market condition DRA is leveraging given its extensive portfolio.

Why This Matters

The purchase signals DRA's confidence in sustained housing demand and its ambition to translate land assets into a multi‑billion‑rupee revenue stream, potentially strengthening its financial position and influencing competitive dynamics in India's real‑estate sector.

Reporting based on verified dispatches from The Economic Times. View primary release ↗
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