Real estate developer DRA Homes has announced plans to develop 400 sea-view apartments along OMR in Chennai. This announcement follows the company’s acquisition of a 3.43-acre prime land parcel in Navalur. The project, which will span over 7 lakh square feet, is set to launch in the first quarter of 2025.

DRA Homes expects this new venture to generate a topline of Rs 650 crore over the next four years. Navalur, located on OMR, boasts the highest population density in the area and features a robust ecosystem that includes office spaces, residential complexes, retail outlets, schools, colleges, and hospitals, all within close proximity.

Commenting on the project, DRA Homes highlighted that this initiative represents a significant milestone in their growth strategy. The expansion into Navalur underscores their commitment to delivering premium living spaces that cater to the modern homeowner's needs. The sea-view apartments will offer a unique and luxurious lifestyle, providing an unparalleled living experience. This development aims to set a new benchmark for residential properties and redefine living standards in Chennai.

OMR, or Old Mahabalipuram Road, is an upscale neighborhood in southern Chennai and a notable real estate hub. It attracts a diverse range of investors and home seekers, including both renters and buyers, due to its strategic location and the comprehensive amenities available in the area.

DRA Homes’ new project is poised to leverage the increasing demand for high-quality residential spaces in OMR. The region's appeal lies in its blend of commercial and residential infrastructure, making it a sought-after destination for both working professionals and families. The presence of numerous IT parks and corporate offices along OMR adds to its attractiveness, ensuring a steady demand for housing from professionals working in the vicinity.

Moreover, the introduction of sea-view apartments adds a distinctive feature to DRA Homes' portfolio. These apartments are expected to attract discerning buyers looking for exclusive and scenic living environments. The luxurious offerings combined with the strategic location in Navalur will likely drive significant interest and sales, contributing to the projected topline of Rs 650 crore.

The project’s launch in early 2025 aligns with DRA Homes' vision of expanding its footprint in key growth areas. By focusing on upscale developments in prominent localities like OMR, the company aims to capitalize on the evolving real estate market trends in Chennai. This strategic move not only enhances their portfolio but also strengthens their position as a leading real estate developer in the region.

In summary, DRA Homes' upcoming project on OMR, Chennai, signifies a major expansion effort with the development of 400 sea-view apartments. Set to launch in early 2025, this project is expected to generate substantial revenue and set new standards for luxury living in Chennai. With a strong focus on providing premium living spaces and leveraging the unique appeal of sea views, DRA Homes continues to innovate and lead in the real estate sector.