NEW DELHI: DRA Homes has acquired 3.91 acres of land at Karanai, off Old Mahabalipuram Road (OMR) in Chennai for ₹49.70 crore.
The company plans to develop a mid-segment residential community with an estimated inventory value of around ₹500 crore on the site.
Ranjeeth Rathod, managing director of the company said, “The Karanai acquisition aligns with this approach and will further strengthen our development pipeline in Chennai.”
In January 2026, the company had entered into a strategic ₹250 crore secured debt platform with Yubi, to strengthen its land acquisition inventory across high-growth residential micro-markets.
The platform is structured as secured non-convertible debentures (NCDs), with proceeds allocated exclusively to land acquisition.
