Archive · 2 Dec 2025
Baashyaam Group Acquires Chennai Property for ₹1,212 Crore
Baashyaam Group, a real estate company from Chennai, bought a big piece of land from Standard Chartered Bank.
The land is 5.8 acres and cost ₹1,212 crore, which is a lot of money.
This is the biggest land deal in Chennai.
Baashyaam Group is known for building fancy homes and has other big projects happening.
They beat another company, Arihant Foundations, to buy this land.
A company called CBRE helped with the deal.
The purchase was completed in May 2025.
Baashyaam Group acquired a 5.8-acre property on Haddows Road, Nungambakkam, Chennai from Standard Chartered Bank for ₹1,212 crore.
This deal is the largest land transaction in Chennai.
Baashyaam Group is known for luxury residential projects, including developments like Prarthana by Baashyaam and The Peak.
CBRE acted as the transaction advisor for the acquisition.
Baashyaam Group outbid Arihant Foundations to secure the property, closing the deal in May 2025.
- Who
- Baashyaam Group (buyer), Standard Chartered Bank (seller)
- What
- Acquisition of 5.8-acre property in Chennai
- When
- Closed in May 2025
- Where
- Haddows Road, Nungambakkam, Chennai
- Why
- Largest land deal in Chennai, strategic investment for luxury residential projects
- Buyer
- Baashyaam Group
- Seller
- Standard Chartered Bank
- Property Location
- Haddows Road, Nungambakkam, Chennai
- Land Area
- 5.8 acres
- Deal Value
- ₹1,212 crore
- Transaction Advisor
- CBRE
- Competing Bidder
- Arihant Foundations
- Closing Month
- May