DRA Homes forays into commercial development

March 22, 2024

DRA Homes, a real estate developer in Chennai, has announced its foray into commercial development.

It has emerged as the highest bidder and signed a 99-year lease agreement with the Rail Land Development Authority for a prime 1.06 acre plot located at Egmore.

The company plans to invest ₹150 crore in developing a A-grade office complex, says a release.

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