In a significant real estate transaction, Bengaluru-based Bagamane Constructions has acquired a prime property in Thoraipakkam, Chennai. The 13.68-acre property was purchased from Cognizant for a whopping Rs 612 crore. This acquisition marks a strategic move by Bagamane Constructions for redevelopment and expansion in the bustling city of Chennai. The deal reflects the growing interest of real estate developers in Chennai’s property market, which has been witnessing steady growth and demand in recent years. Bagamane Constructions’ acquisition of the Thoraipakkam property is expected to further boost the company’s presence in the region and drive its growth trajectory. With this latest development, all eyes are on the redevelopment plans that Bagamane Constructions has in store for the prime property. The real estate sector in India, especially in cities like Chennai, continues to attract investments and witness significant developments, making it a lucrative market for developers and investors alike. Stay tuned for more updates on this evolving real estate story in Chennai.