After a span often years, India's largest real estate developer, DLFLtd, is gearing up to re-enter Chennai, one of India's largest markets, through a plotted residential development project in the OMR (Old Mahabalipuram Road) region.
The company is also planning to come up with two other residential projects-a high-rise premium project in Central Chennai and another one at Sriperumbadur on the outskirts of the city.
The OMR project is likely to see an investment of around ₹150 crore, with an expected turnover of around ₹700 crore. After Gurugram, Delhi and Chandigarh, DLF has its highest land bank of around 12 million square feet in Chennai. The project in OMR will be spread across 85 acres and close to 1,500 plots will be available in the range of ₹20 lakh to ₹70 lakh.
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