Olympia Group

What Olympia Group does

Olympia Group, legally Olympia Tech Park Chennai Pvt Ltd, is a privately held South Indian real estate developer founded in July 2004 as an alliance of four established business houses: The Khivraj Group (Chennai, 50+ years), The Space Group (Kolkata, 20+ years), The MK Group (75 years), and The Dhoot Group. Headquartered at Olympia Technology Park in Guindy, Chennai, the company develops residential, commercial, retail, and industrial real estate across Chennai (primary), Kolkata, and Bangalore, having delivered over 2,000 homes and 5+ million sq.ft of development. Its core technology centers on green-building construction — Olympia Technology Park holds the 'Largest LEED Gold rated Green Building in the World' USGBC certification, with multiple residential projects carrying IGBC Platinum (Enchante, Reflection) and IGBC Gold (Panache, Opaline) ratings, plus EDGE certification on Jayanthi Residences. The product portfolio spans 1 BHK apartments (587 sq.ft, Opaline 1BHK) through ultra-luxury 4-5 BHK villas (4,200-6,030 sq.ft, Panache) and duplex Sky Villas (6,000+ sq.ft), plus commercial Grade-A office towers (Technology Park 1.45M sq.ft, Cyberspace 1.2M sq.ft), retail malls (Airport Mall 327,350 sq.ft, North Mall 284,755 sq.ft), and a 53-acre industrial SEZ/DTA estate (TAPP Semicon Park) for electronics manufacturing.

Revenue is generated through four streams: one-time residential unit sales, managed-services commercial and retail leasing (with Technology Park fully leased for 12+ years), and industrial leasing at TAPP Semicon Park. Pricing is quote-based and undisclosed publicly, varying by project, unit type, and location; home loans are facilitated through bank partnerships. The go-to-market combines direct enterprise field sales with dedicated on-site sales offices for luxury projects (e.g., Goodwood Residence with a dedicated Property Manager), a website-driven direct-to-consumer motion for mid-market offerings, and a dedicated NRI investment portal targeting diaspora buyers globally. Customer segments span ultra-high-net-worth individuals seeking premium Chennai addresses (Cenotaph Road, Kotturpuram, ECR), NRI/PIO investors, mid-market families purchasing on OMR, and industrial/manufacturing tenants. The company is led by Managing Director Ajit Chordia, with Chandrakant Kankaria, Piyush Kumar Bhagat, and Pawan Dhoot as Directors representing the partner business houses.

Name

Olympia Group

Legal name

Olympia Tech Park Chennai Pvt Ltd

Website

https://olympiagroup.in

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Olympia Group is a privately held South Indian real estate developer (founded 2004) delivering luxury, mid-market, commercial, and industrial properties across Chennai, Kolkata, and Bangalore — serving HNWIs, NRI investors, mid-market families, and industrial tenants with LEED/IGBC-certified green-building developments.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

Other Activities Related to Real Estate (53139), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industries

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Luxury residential development
• Commercial real estate leasing
• Green building construction
• Industrial real estate parks
• Plotted residential development

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Technology or R&D, Operations, Marketing or Sales, Personnel

Revenue model

1. Residential Property Sales: Olympia Group develops and sells luxury apartments, ultra-luxury villas, and plotted developments across Chennai, Kolkata, and Bangalore. Revenue is generated through one-time sale transactions of residential units across projects such as The Goodwood Residence (Alwarpet), Park Residences (Kotturpuram), Olympia Panache (Navalur), Opaline Sequel, Olympia Mithila (plotted development), and others. Properties range from 1 BHK apartments (~587 sq.ft) to 5 BHK villas (~6,030 sq.ft), with prices varying by project and unit type.
2. Commercial Real Estate Leasing: Olympia Group develops and leases commercial office space including Olympia Technology Park (1.45 million sq.ft, fully leased), Olympia Cyberspace (1.2 million sq.ft), Olympia Inspire (0.19 million sq.ft), Olympia Teknos (0.13 million sq.ft), Olympia Platina, Olympia National Towers, Olympia Square, Olympia Quest, Olympia Terraces, and Olympia Crest. Commercial spaces are primarily fully leased to corporate tenants.
3. Industrial Real Estate Leasing: TAPP Semicon Park is a 53-acre industrial estate in Sriperumbudur featuring SEZ (8 acres) and DTA (45 acres) zones for manufacturing and warehousing. Space options include speculative developments and built-to-suit solutions, with immediate availability of approximately 66Ksf leasable area in SEZ and ~55Ksf in DTA.
4. Retail Property Leasing: Olympia Group develops and leases retail mall properties including Chennai Airport MLCP (327,350 sq.ft of commercial & retail space at Chennai International Airport) and Chennai North Mall (284,755 sq.ft on Thiruvottiyur High Road), generating leasing income from retail tenants.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Olympia Group develops and sells luxury, premium, and mid-market residential properties (apartments, villas, plotted developments) and develops/leases commercial office space and industrial estates primarily in Chennai, with operations also in Kolkata and Bangalore. Revenue is generated through one-time sale of residential units and recurring leasing income from fully-leased commercial office towers and a 53-acre industrial park.

Product overview

Olympia Group is a South Indian real estate developer offering a diverse portfolio of residential, commercial, and industrial properties primarily in Chennai, with operations extending to Kolkata and Bangalore. The product portfolio includes luxury apartments (The Goodwood Residence, Park Residence, Jayanthi Residences), premium apartments (Opaline Sequel, Opaline, Olympia Grande), ultra-luxury villas (Panache), plotted developments (Mithila), and specialized properties like Sky Villas. Commercial offerings include LEED-certified technology parks (Olympia Technology Park, Platina, Teknos, Cyberspace, etc.), office towers, and retail properties (Airport Mall, North Mall). The company also operates TAPP Semicon Park, a 53-acre industrial estate for electronics manufacturing. All residential projects emphasize green building certifications (IGBC/USGBC LEED) and premium amenities. The portfolio ranges from affordable 1BHK homes (587 sq.ft) to ultra-luxury villas (6,000+ sq.ft), serving diverse market segments.

Differentiator

Problem solved

Functional benefit

Products and services

• The Goodwood Residence Luxury 3 & 4 BHK apartments on Cenotaph Road, Alwarpet (Chennai) ranging from 2,348-2,781 sq.ft with Singapore-designed architecture, three-layer security, rooftop solar panels, and swimming pool.
• Park Residence by Olympia Ultra-luxury 3, 4 & 5 BHK apartments in Kotturpuram (Chennai) with 31 residences on 1.27 acres, designed by Suying Metropolitan Studio Singapore, featuring private gardens, swimming pool, gym, and party lounge.
• Olympia Opaline Sequel Premium 3 & 4 BHK apartments in Navalur, OMR with 608 units across 4 blocks (19 floors), IGBC-certified, constructed by L&T, with 1,800+ residents already in occupation.
• Olympia Opaline Chennai's first IGBC Gold-certified green residential project in Navalur, OMR, with 1,243 units comprising 1, 2, 2.5, 3 BHK and duplex apartments ranging from 1,154-2,307 sq.ft.
• Opaline 1BHK Apartments 288 compact 1BHK homes across two towers (Crystal and Diamond) on main OMR, ranging from 587-601 sq.ft, TNRERA registered, targeted at first-time buyers and investors.
• Olympia Grande Residential apartments in Pallavaram (Chennai) with 2, 3 & 4 BHK options, 284 flats across 2 blocks, ranging from 1,154-2,307 sq.ft, winner of the UltraTech Award 2016 for Outstanding Concrete Structure.
• Jayanthi Residences Luxury 2.5 & 3 BHK apartments on LB Road, Adyar (Chennai) with 54 flats across 9 floors, EDGE certified for eco-conscious construction, with gym, party hall, and terrace gardens.
• Olympia Panache Ultra-luxury villa residences on 23 acres in Navalur, OMR with 123 villas, IGBC Gold certified, featuring multiple villa models ranging from 4,251-6,028 sq.ft with clubhouse, gym, and open spaces.
• Sky Villas Ultra-luxury 4 BHK duplex sky apartments in Navalur, OMR with 18 residences featuring Hitachi internal elevators, plunge pools, Siemens home automation, Daikin VRV air-conditioning, and TOTO/Kohler sanitary ware.
• Reflection IGBC Platinum-certified resort-style sea-facing apartments on ECR at Thiruvidanthai (Chennai) featuring sky villas, lagoons, and beach proximity. Joint venture between Olympia Group and Merlin Group.
• Olympia Mithila CMDA-approved plotted development in Thirumazhisai (Chennai) with 149 plots ranging from 646-4,267 sq.ft on 6.36 acres, TNRERA registered (Reg No. TN/02/LAYOUT/3119/2023), sold as ready-to-build land parcels.
• Olympia Technology Park 1.45 million sq.ft LEED Gold-certified commercial office building in Guindy, Chennai, recognized as the Largest LEED Gold rated Green Building in the World, fully leased to corporate tenants for 12+ years.
• Olympia Cyberspace 1.2 million sq.ft Grade A commercial office complex in Guindy, Chennai with B+4S+10 floors and approximately 1.2 lakh sq.ft floor plate, featuring a food court.
• TAPP Semicon Park 53-acre industrial estate in Sriperumbudur on NH4 featuring SEZ (8 acres) and DTA (45 acres) zones for electronics and telecommunications manufacturing, offering speculative and built-to-suit facilities, operated by TAPP Semiconductor India Pvt Ltd.
• Olympia North Mall 6.53-acre retail and office development on Thiruvottiyur High Road, North Chennai with 284,755 sq.ft of leasable space, anchored on retail tenants.
• Chennai Airport MLCP 327,350 sq.ft of commercial and retail space located at Chennai International Airport in Meenambakkam, leased to retail tenants.

Quantifiable outcome

• Over 2,000 homes delivered and 5+ million sq.ft of developments across Chennai, Kolkata, and Bangalore since 2004
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Merlin GroupcoreStrategic or Co-development PartnerOlympia Group partnered with Merlin Group to co-develop Reflection — a sprawling resort-style residential project on ECR (East Coast Road) in Chennai. Described as a 'dream collaboration,' the partnership leverages Olympia's expertise in architectural planning and financial discipline with Merlin Group's capabilities to produce well-balanced residential communities.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Hiranandani Group: Hiranandani is a Mumbai-based luxury real estate developer known for integrated townships and premium residential projects, with comparable luxury positioning and master-planned community scale to Olympia's ultra-luxury portfolio.
• Brigade Group: Brigade Group is one of South India's largest real estate developers with a diversified portfolio across residential, commercial, retail, and hospitality, providing direct competition in Bengaluru and adjacent South India markets.
• Sobha Limited: Sobha Limited is a major real estate developer with strong presence in South India, known for backward-integrated construction and premium residential projects, with similar product positioning and scale to Olympia.
• Prestige Group: Prestige Group is a leading South India real estate developer with luxury residential, commercial, retail, and hospitality projects, competing with Olympia across premium and luxury segments in Chennai and Bangalore.
• Godrej Properties: Godrej Properties is one of India's largest listed real estate developers with pan-India presence, offering premium residential and commercial developments and competing with Olympia in green building positioning and ESG-led branding.
• L&T Realty: L&T Realty is the real estate arm of Larsen & Toubro, a major pan-India developer of premium residential and commercial projects, with similar construction quality and capitalization profile as Olympia (Olympia Opaline Sequel is in fact built by L&T).

Direct peers

• Appaswamy Real Estates: Appaswamy is a Chennai-based real estate developer with residential and commercial projects across the city, directly competing with Olympia in Chennai's primary market for both residential and commercial segments.
• Puravankara Limited: Puravankara is a Bengaluru-headquartered developer with luxury (Purva) and mid-market (Provident) brands, with similar South India focus, segment coverage, and product portfolio breadth as Olympia.
• Casagrand: Casagrand is a Chennai-based real estate developer focused on residential apartments and villas across South India, with a comparable product range (1BHK to luxury) and direct competition in the Chennai primary market where Olympia is headquartered.

Regional players

• Shriram Properties: Shriram Properties is a South India-focused developer with mid-market and premium residential projects, with similar segment focus and geographic presence as Olympia's mid-market offerings on OMR and other South Indian corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/OlympiaGroup
• YouTubeyoutube.com/user/OlympiaGroup
• Facebookfacebook.com/OlympiaGroup
• LinkedInlinkedin.com/company/olympia_group
• Instagraminstagram.com/olympia.group

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olympia Group