Godrej Properties (GPL) did not arrive in Chennai's Siruseri–Kelambakkam corridor by accident. The company has made two distinct moves here — first an apartment community at Padur and, announced in June 2026, a freshly acquired 47-acre land parcel off Old Mahabalipuram Road (OMR) for plotted residential development. Together, these investments reflect a considered read on one of South Chennai's fastest-moving residential micro-markets, executed by India's largest residential developer by booking value for three consecutive years.
GPL's FY2026 booking value reached ₹34,171 crore — the highest annual figure ever reported by an Indian real estate developer — and the company retained its position as India's largest residential developer by booking value for the third consecutive financial year. For the first time, GPL's South Zone, comprising Bengaluru, Hyderabad, and Chennai, crossed ₹11,000 crore in booking value. The OMR acquisition signals where Chennai fits in that southward push.
Godrej Azure is spread across 9.52 acres and features multiple high-rise towers offering 2, 3, and 4 BHK residences ranging from 1,029 sq ft to 2,720 sq ft. The project carries an IGBC Silver rating, signifying a commitment to sustainable practices and eco-friendly living. The development dedicates 70% or more of the land to greenery and open areas.
Godrej Azure is located in Padur, along Rajiv Gandhi Salai (OMR), with easy access to ECR and the upcoming Siruseri Metro Station. In terms of price movement, average prices at Godrej Azure moved from ₹6,600 per sq ft to ₹7,450 per sq ft across Q3 and Q4 of 2025, reflecting cumulative appreciation of roughly 12.9% over two quarters.
GPL has acquired a 47-acre land parcel through an outright purchase off OMR in South Chennai, where it will develop plotted residential units with a developable potential of approximately 1.2 million square feet and an estimated revenue potential of ₹500 crore. The site is well connected via OMR, providing access to key employment hubs across the Siruseri–Kelambakkam corridor, including SIPCOT, as well as Vandalur, Guduvanchery, and the wider Mahabalipuram region.
The location is supported by a steadily evolving social infrastructure, with access to healthcare facilities, educational institutions, retail, and entertainment options, contributing to its growing appeal as a residential destination.
Gaurav Pandey, MD & CEO of Godrej Properties, framed the rationale directly: "South Chennai is seeing a clear evolution in residential demand, with homebuyers increasingly gravitating towards well-planned, future-ready communities that offer quality of living and long-term value. This belt has emerged as one of the most promising residential micro-markets in the region, supported by improving infrastructure and growing end-user interest."
Siruseri, positioned along OMR between Navalur and Kelambakkam, has transformed from an industrial zone into Chennai's most dynamic IT and residential hub. Once dominated by the sprawling SIPCOT IT Park, it now represents a mature real-estate market where infrastructure meets opportunity. Siruseri is home to the SIPCOT IT Park, one of the largest in South India, hosting companies like Cognizant, TCS, Aspire Systems, and more. For IT professionals, Godrej's addresses here — Padur and the new plotted site — translate directly into shorter commutes and larger homes than anything comparable closer to the city centre.
Godrej's projects are located in Padur on the OMR, providing access to major IT hubs such as Siruseri IT Park and ETA Techno Park, with good road connectivity via OMR, ECR, and Vandalur–Kelambakkam Road. A major upcoming infrastructure project is the Siruseri Metro Station, part of Chennai Metro Phase II, Corridor 3, connecting Madhavaram to Siruseri SIPCOT over 45.4 km. The upcoming Siruseri Metro Station is approximately 3 km from Godrej Azure, part of the Purple Line, expected by 2028.
According to Anarock Research, between 2018 and 2024, property values in Siruseri surged by 36%, with over 3,500 residential units launched during that period. More recently, flat rates in Siruseri have increased by 12.1% in the last year, 25.0% in the last three years, and 34.8% in the last five years. Knight Frank India's Chennai report (2024) listed OMR South, including Siruseri, among the top five micro-markets for long-term investment; Colliers' market outlook anticipates a steady 8–10% year-on-year price growth in Siruseri over the next five years, driven by metro development and tech job opportunities.
South Chennai continued to lead residential sales growth, accounting for 57% of total sales. Key micro-markets such as Kelambakkam and Sholinganallur (OMR) experienced 5–12% price growth in the period tracked.
Buyers at Godrej projects in this corridor do not depend on future infrastructure alone. The area already offers direct OMR frontage with access to the ECR and Vandalur–Kelambakkam Road; educational institutions including Gateway International School (1.4 km) and Hindustan International (2 km); healthcare facilities such as Chettinad Hospital (3.8 km); and retail options including Grand Marina Mall (2.3 km) and Decathlon (3.5 km).
Godrej Properties' presence in Chennai is broader than a single corridor. Godrej Azure was developed in three RERA-approved phases. Marking its first-ever plotted development in Chennai, Godrej Sunrise Estate is situated in Oragadam, a rapidly developing industrial and residential hub. Godrej Palm Grove at Chembarambakkam is a ready-to-move lakeside community across a 12.5-acre property, featuring 14 towers of 19 floors with 2 and 3 BHK homes between 1,187 and 1,489 sq ft. The OMR plotted acquisition announced in June 2026 adds a fourth distinct address to that roster — and its plotted format signals a product type that GPL has already validated at Oragadam and in other cities.
Kelambakkam and Siruseri are gaining attention specifically for plotted developments and tech campuses. Areas like Padur and Thaiyur are seeing land prices move upward and availability shrink with residential and commercial development; the 18-km stretch along the Kelambakkam–Vandalur Road has a large number of plotted developments. GPL's 47-acre, 1.2-million-sq-ft plotted project therefore enters a format that has genuine organic demand in this precise geography — from IT professionals seeking customisable homes with larger land parcels than gated apartment living allows, and from investors benchmarking long-term land appreciation against the metro timeline.
