Brigade Group inks 15 acre Joint Development Deal in OMR Chennai

Brigade Group to Develop Large Residential Township in Chennai. Brigade Group, a prominent real estate developer, has announced a joint development agreement for a massive residential project in Chennai. Brigade Group inks 15 acres Joint Development Deal in OMR Chennai

Project Details:

• Location: Perumbakkam, near OMR Sholinganallur junction (a fast-growing residential area)
• Land Area: 15 acres
• Project Size: Approximately 2.1 million sq ft
• Development Type: Large residential township
• Estimated Revenue: Over Rs 1,500 crore within 5 years
• Target Audience: IT and ITeS professionals (due to proximity to IT hubs)

Strategic Significance:

• This project aligns with Brigade Group’s focus on South India, particularly expanding its presence in Chennai.
• Pavitra Shankar, Executive Director and Head of Residential Business at Brigade Enterprises emphasizes South India’s importance and expects a positive response from potential residents.
• This development contributes to Brigade Group’s goal of generating Rs 6,000 crore in revenue from Chennai’s residential sector within the next five years.
• The project further strengthens their presence across residential, commercial, and retail verticals in Chennai.

Overall Impact:

This project signifies Brigade Group’s commitment to Chennai’s real estate market and caters to the growing demand for housing in the city, particularly near IT hubs. The development is expected to generate significant revenue and solidify Brigade Group’s position as a major player in Chennai’s residential landscape.