Brigade group Signs Joint Venture Deal in Chennai and Bengaluru

Brigade group Signs Joint Venture Deal in Chennai and Bengaluru

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2 year(s) ago

Brigade Group Announces Land Acquisitions in Chennai and Bengaluru. Brigade Group, a leading real estate developer, has secured valuable land parcels in Chennai and Bengaluru with a projected total revenue of Rs 4,000 crore over the next 4-5 years. Brigade Group Signs Joint Venture Deal in Chennai and Bengaluru

Key Acquisitions:

  • Chennai: Brigade Group signed a contract with the TVS Group for a mixed-use development on Mount Road, Chennai. This 1 million sq ft project will encompass office, retail, and residential spaces.
  • Bengaluru: The company acquired land near Sarjapur Road for a joint development project. This strategically located area holds the potential for over 2 million sq ft of residential apartments.

Strategic Significance:

M.R. Jaishankar, CMD of Brigade Group, highlighted that these acquisitions align with their growth strategy focused on South India, particularly Bengaluru, Chennai, and Hyderabad.

Strong Pipeline:

This announcement comes after Brigade Group signed a Joint Development Agreement (JDA) last month for a 2.1 million sq ft project in Chennai. Additionally, they boast a substantial pipeline of upcoming developments in Bengaluru, Hyderabad, and Chennai, totalling around 10 million sq ft.

Overall Impact:

These land acquisitions solidify Brigade Group’s position as a major player in South India’s real estate market. The projects hold significant revenue potential and contribute to their diverse portfolio across various cities and property types.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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