Baashyaam Group acquires Haddows-Road Property in Chennai. (Representational Image).
Baashyaam Acquires Haddows Road: December 6, 2025, Chennai, India: Baashyaam Group has successfully acquired the Haddows Road property in Nungambakkam, Chennai, from Standard Chartered Bank’s subsidiary, Standard Chartered Global Business Services Private Limited. The transaction, valued at approximately ₹1,200 crore (USD 144 million), marks a significant expansion for Baashyaam Group in one of Chennai’s prime commercial locations.
The property, spanning over five acres, is located in the bustling Nungambakkam area, which is a key commercial and residential hub in Chennai. This acquisition underscores Baashyaam Group’s strategic growth ambitions in the real estate sector, particularly in high-demand urban centers.
JSA Advocates & Solicitors acted as legal advisors to Baashyaam Group throughout this complex transaction. The mandate included conducting an extensive title due diligence, ensuring compliance with regulatory frameworks, and handling the documentation process. Since the property was historically held by an English banking institution, additional regulatory and legal considerations were required.
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The legal advisory team at JSA was led by Partners Varun Sriram and Aravind Raj, with key support from Senior Associate Priyanka Ponna. The team provided comprehensive support throughout the deal, from the initial negotiations to the final closure.
This acquisition highlights Baashyaam Group’s continued commitment to growth and development in the Indian real estate sector. With prime properties like Haddows Road in its portfolio, the company is well-positioned to capitalize on the growing demand for commercial and residential spaces in Chennai.
Transaction Summary:
Acquirer: Baashyaam Group
Property: Haddows Road, Nungambakkam, Chennai
Seller: Standard Chartered Global Business Services Private Limited (subsidiary of Standard Chartered Bank)
Transaction Value: ₹1,200 Crore (USD 144 million)
Legal Advisors: JSA Advocates & Solicitors
Lead Partners: Varun Sriram, Aravind Raj
Senior Associate: Priyanka Ponna
The due diligence team comprised of Raj (Partner), Varsha Srinivasan (Principal Associate), Priyanka Ponna (Senior Associate) and Shreya Subramanian (Associate).
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