Grand Housing Limited IPO Gets SEBI Approval; Offer for Sale of 35.5 Million Shares
The IPO is an offer for sale of up to 35,500,000 shares by promoter Vijay Surana J.
Grand Housing is a real estate developer focused on plotted developments in Tamil Nadu, particularly around Chennai. The company acquires land parcels and builds basic infrastructure such as roads, power, sewage, and water supply to convert them into developable plots. It also aggregates contiguous land parcels to create larger, economically viable developments.
Its projects are divided into residential and industrial segments. The residential segment includes plotted developments sold to homebuyers for constructing houses and villas, while the industrial segment involves large land parcels for industrial use. Residential plot sizes typically range from 600 sq ft to 2,400 sq ft, with prices between Rs 1,500 and Rs 5,000 per sq ft.
The company develops and sells industrial land plots mainly to enterprises for construction of factories, warehouses and other facilities. The sizes of its industrial plots typically ranges from 2 acres to 9 acres, with price of individual parcels of land ranging from ₹ 50 lakh per acre to ₹3 crore per acre. Its land plots, particularly residential plots, are developed with customer-centric approach. The company’s residential plots are developed with black topped roads, adequate streetlights, walkways, avenue trees, fences and CCTV to ensure customer satisfaction. For industrial plots, its main development work is construction of roads. The company sells these plotted developments to its customers.
Published on:
20 April 2026
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