Casagrand Premier Builder Limited is an Indian real estate developer headquartered in Chennai, Tamil Nadu, established in 2003. Over the two decades since, it has grown into the city's largest residential developer by volume. According to a CBRE report, the company commands nearly 25% of Chennai's residential market in terms of project launches and around 18% in terms of demand between 2017 and mid-2025. As of June 2025, the company has completed 103 projects, has 57 ongoing, and 21 forthcoming, together covering a total saleable area of nearly 90 million square feet.
Incorporated in 2003 under the leadership of Arun MN, Casagrand has expanded its presence across key micro-markets in Chennai, offering apartments of various sizes and independent villas that cater to luxury, mid-range, and affordable segments, with a particular focus on mid-range offerings. The company has developed in-house capabilities for every stage of the project development lifecycle, from land identification and acquisition through designing, planning, construction, marketing, and sales to final delivery. From a single-city operation, Casagrand has expanded its footprint across Bengaluru, Hyderabad, and Coimbatore, establishing itself as a major South Indian residential brand.
Casagrand Premier's revenue from operations grew at a CAGR of 18.02% from ₹1,876.82 crore in FY2022 to ₹2,613.99 crore in FY2024, while profit after tax increased from ₹146.08 crore to ₹256.95 crore over the same period at a CAGR of 32.63%. In September 2024, the company filed its draft red herring prospectus with SEBI for a ₹1,100 crore IPO, receiving final approval in December 2024.
Korattur is not a new geography for Casagrand — it represents a deliberate, repeated bet on one of north-west Chennai's most established residential corridors. The developer has already delivered one completed project here and has an active ongoing launch, demonstrating a conviction in the locality that goes beyond opportunistic entry.
Casagrand's portfolio in Korattur includes Casagrand Asta — a completed project across 5.44 acres with 325 units of 3 BHK apartments, now sold out — and the ongoing Casagrand Medora, offering 2 and 3 BHK apartments priced from ₹1.20 crore to ₹1.61 crore. The two projects together signal a sustained developer presence in the locality across different product cycles and market conditions.
Casagrand Medora is set amidst 2.56 acres, with 155 apartments adorned with high-quality furnishing and accessories. The units range from 1,404 to 1,612 sq ft, offering 2 and 3 BHK configurations. Master plan and unit plan designs are built around five planning pillars: Light, Ventilation, Vaastu, Privacy, and Aesthetics.
The project offers 40-plus amenities. A 7,700 sq ft clubhouse is furnished with indoor facilities, and a 4,100 sq ft swimming pool area includes a kids' pool and poolside deck. The gym features an interactive gym setup, TRX corner, and yoga room, while an indoor kids' play area and crèche cater to younger residents. A mini theatre provides a dedicated space for community screenings.
The project is RERA-registered under number TN/29/Building/0029/2024. The community is planned with a swimming pool, podium, and green spaces, with 45% of the site kept as open area with landscaping.
| Detail | Casagrand Medora |
|---|---|
| Location | Korattur, Chennai |
| Site Area | 2.56 acres |
| Total Units | 155 |
| Configuration | 2 BHK and 3 BHK |
| Unit Sizes | 1,404 – 1,612 sq ft |
| Price Range | ₹1.20 Cr – ₹1.61 Cr |
| RERA Number | TN/29/Building/0029/2024 |
| RERA Authority | Tamil Nadu RERA |
| Clubhouse | 7,700 sq ft |
| Amenities | 40+ |
Korattur is part of the Ambattur Zone of Chennai Corporation, situated along the Chennai–Bangalore/Mumbai railroad about 12 km from Chennai Central. Developed with TNHB layouts similar to Anna Nagar, the southern section of Korattur near Padi is often considered an integral part of Anna Nagar. That proximity to one of Chennai's most sought-after residential addresses, at a markedly different price point, forms the core investment case.
Korattur benefits from road connectivity via the Chennai Bypass, Grand Northern Trunk Road, 3rd Main Avenue Road, Inner Ring Road, and New Avadi Road. Korattur Railway Station sits on the Chennai Central–Arakkonam/Tiruvallur rail line, and the locality has road access via CTH Road to the north and the Inner Ring Road (Jawaharlal Nehru Road) to the east.
The Thirumangalam Metro Station on the Green Line is approximately 4 km away. The Chennai Bypass and CTH Road place Anna Nagar within a 10-minute drive and Chennai Central within 35 minutes. Longer-term, regional mobility proposals include a planned 22 km extension of Corridor 4 from Koyambedu to Pattabiram via Ambattur, set for completion by 2030, which would enhance multi-modal access in the Korattur vicinity.
Korattur sits near manufacturing anchors including Hindustan Motors and TVS Group facilities, with proximity to the Ambattur and SIDCO Industrial Estates. Major IT parks including One Indiabulls Park, Prince Info Park, and Kochar Technology Park are also close by. The locality is in sustained rental demand precisely because of these nearby IT parks and industrial areas.
Korattur has a developed social infrastructure, with schools including Bhaktavatsalam Vidyashram, Ebenezer Matriculation Higher Secondary School, and Grace Matriculation Higher Secondary School, and healthcare facilities including Korattur Medical Centre, Apple Plus Hospital, and Madras Medical Mission. From Casagrand Medora specifically, MMM Hospital is 5.9 km away, Sundaram Medical Foundation is 6 km away, and MGM Healthcare is 6.2 km away, while ACS Global Smart School is 0.85 km from the project site.
The Korattur area is home to the largest lake in the Chennai district, spanning approximately 990 acres. The Korattur Lake walking track and Anna Nagar Tower Park offer outdoor recreational options nearby.
According to NoBroker data, property rates in Korattur average around ₹8,132 per sq ft and have been rising at approximately 10–11% annually. Property prices have risen over 50% in Korattur over the past five to six years. Rental yields in the locality range from 3% to 5% per year. At a launch price aligned with the locality average, Casagrand Medora sits within the market's current range while offering brand-backed specification levels that independent or smaller-developer projects in the area typically do not match.
CRISIL has assigned a 'CRISIL A-/Stable' rating to Casagrand Premier Builder Limited's long-term bank facilities, noting the company's established track record in residential real estate development in Chennai, supported by healthy bookings and customer advances for ongoing projects.
Projects such as Casagrand Vivacity in Bengaluru and Casagrand Suncity Phase I in Chennai achieved over 50% unit sales within six months of launch. In Korattur itself, the earlier Casagrand Asta — a 325-unit, 5.44-acre community — sold out entirely, a reliable signal of how the brand performs in this specific micro-market. For a buyer evaluating Casagrand Medora, that completed, sold-out predecessor in the same neighbourhood is among the most relevant data points available.
