Godrej Properties acquires a 47-acre land parcel in South Chennai through an outright purchase, according to a company statement cited by Business Line. The company says the site is located off Old Mahabalipuram Road. The acquisition is positioned by the developer as part of its expansion plans in Chennai, with an outlook cited by the report indicating potential revenue of about ₹500 crore from the project to be developed on the acquired land. The sources do not detail the developer’s timelines, the size of the planned built-up area, or the expected mix of residential or commercial development. No information is provided in the supplied excerpts on the purchase consideration, seller details, or regulatory approvals. Overall, the reporting focuses on the land purchase size, the location in South Chennai, and the company’s stated revenue expectation tied to development of the parcel.