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Business Standard
14-05-2025
- Business
- Business Standard
Realty firm Brigade Group acquires 5.4 acres in Chennai for ₹441.7 crore
Bengaluru-based real estate developer Brigade Enterprises has acquired 5.41 acres in Velachery, Chennai, for ₹441.7 crore, making the Tamil Nadu capital the company's second-largest base. The land has a gross development value (GDV) of ₹1,600 crore and a project development potential of 0.8 million square feet. Pavitra Shankar, managing director, Brigade Enterprises Limited, said: 'Chennai has grown into our second-largest market after consistent and strategic investment in business development. This acquisition reinforces our commitment to expanding our footprint in the city with a focus on marquee land parcels in excellent locations.' 'Our aim is to address the strong demand for thoughtfully designed, high-quality residential spaces that resonate with the aspirations of modern consumers. Velachery's prime location and connectivity make it an ideal choice for creating a vibrant community, aligning with our vision of delivering exceptional living experiences,' she added. Strategically positioned, the project will offer seamless connectivity to both the IT corridor of OMR and the Central Business District (CBD). Reshmi Panicker, executive director, land and residential services, Knight Frank India, commented: 'Chennai has emerged as a strategic hotspot for leading South India-focused developers. This transaction highlights the increasing appetite for premium locations backed by strong infrastructure and long-term residential demand. The city is firmly on the radar for serious institutional capital and branded players, making a strong case for sustained residential investment.' Other key developments by Brigade in the city include Brigade World Trade Centre and Tech Boulevard, the 6.5-acre Brigade Altius in Sholinganallur, the 33-acre township Brigade Xanadu in Mogappair, and the mixed-use project Brigade Icon on Mount Road.
Business Upturn
14-05-2025
- Business
- Business Upturn
Brigade Enterprises acquires land in Velachery for premium residential development with GDV of Rs 1,600 crore
By Aman Shukla Published on May 14, 2025, 15:56 IST Brigade Enterprises Limited, a part of Brigade Group, has acquired a 5.41-acre land parcel on Velachery Road in Chennai through an outright purchase. The land is strategically located next to Phoenix Market City and is positioned to benefit from the area's proximity to both the IT Corridor of OMR and the Central Business District (CBD). This acquisition aligns with Brigade Group's plans for expansion in the Chennai real estate market. The project, with an estimated gross development value (GDV) of ₹1,600 Crore, is expected to have a development potential of approximately 0.8 million square feet. The total transaction value for the land is INR 441.70 Crores. The development will aim to provide accessible living spaces with a focus on practical amenities. Brigade Group intends to incorporate design elements that combine aesthetics, functionality, and sustainability into the project. The project is also expected to offer a variety of premium amenities to enhance the living experience for future residents. Pavitra Shankar, Managing Director, Brigade Enterprises Limited stated, 'Chennai has grown into our second largest market after consistent and strategic investment in business development. This acquisition reinforces our commitment to expanding our footprint in the city with a focus on marquee land parcels in excellent locations. Our aim is to address the strong demand for thoughtfully designed high-quality residential spaces that resonate with the aspirations of modern consumers. Velachery's prime location and connectivity make it an ideal choice for creating a vibrant community, aligning with our vision of delivering exceptional living experiences.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
08-05-2025
- Business
- Business Standard
Brigade buys land near ITPL, plans Rs 2,000 cr Bengaluru office project
Brigade Group has acquired an 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, the company announced. The land will be developed into a commercial project with a gross leasable area of 1.5 million square feet and a gross development value (GDV) of over Rs 2,000 crore. 'This acquisition is a step in our journey to create commercial spaces with a focus on workspace development. Whitefield continues to see demand for office space due to metro access and the existing corporate ecosystem,' said Nirupa Shankar, joint managing director, Brigade Enterprises Limited. Shankar added, 'With specific design and infrastructure plans, this project
Hindustan Times
08-05-2025
- Business
- Hindustan Times
Brigade Group acquires 11-acre land in Bengaluru to develop office space worth ₹2,000 crore
Bengaluru-based listed real estate developer Brigade Group has acquired an 11-acre land parcel in Whitefield to develop a premium Grade A office project spanning approximately 1.5 million sq ft, with an estimated gross development value of ₹2,000 crore, the company has said. This move underscores the company's continued focus on strengthening its commercial real estate presence in one of the city's key business and technology corridors, it said. 'Whitefield remains a prime destination for office demand due to metro connectivity and the vibrant corporate ecosystem that exists. With cutting-edge architecture and future-ready, sustainable infrastructure, this project will stand out in Bengaluru's commercial landscape while enhancing Brigade Group's leadership in the Grade A office leasing segment. This project will also work towards bringing us closer to achieving our net-zero target,' said Nirupa Shankar, joint managing director, Brigade Enterprises Limited. Also read: Brigade Group to add 8 million sq ft of office space, plans to double flex space portfolio Brigade Group is set to expand its commercial portfolio with the addition of 8 million sq ft of office space, Shankar previously told The upcoming office projects, currently at various design and construction stages, will be spread across cities including Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi. The Group manages 10 million sq ft of office space, with upcoming developments planned in cities such as Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi. Of the new developments, around half are located in Bengaluru. The upcoming office developments will mostly have major office parks across the cities.
Hindustan Times
21-04-2025
- Business
- Hindustan Times
Brigade Group to develop its first plotted development in East Bengaluru, eyes ₹175 crore
Bengaluru-based real estate developer Brigade Group has signed a joint development agreement for a new plotted development project in East Bengaluru with a Gross Development Value (GDV) of ₹175 crore, the company announced on April 21. The project, which spans 20 acres and is located in Malur, has a total development potential of 0.45 million square feet, the company said. This is Brigade's first plotted development in East Bengaluru, and the project will offer residential plots. Also Read: Bengaluru real estate: Brigade Group to develop residential project in Whitefield for ₹2700 crore 'We continue to identify high-potential land parcels that align with our long-term vision of creating well-planned communities with a focus on quality, sustainability, and innovation,' Pavitra Shankar, managing director of Brigade Enterprises Limited, said. She said that Malur is becoming a preferred residential location due to its location near major infrastructure projects like the Satellite Town Ring Road (STRR) and the Chennai Expressway. 'With improving infrastructure and better connectivity, more homebuyers are looking at affordable housing options outside the main city,' she said. With this new project, Brigade Group is expanding its footprint in Bengaluru's eastern corridor and seeing increased interest from developers and buyers. Also Read: Brigade Group launches premium residential project in north Bengaluru, eyes ₹380 crore revenue In January, the Group signed an agreement to develop a residential land parcel on Whitefield-Hoskote Road with a development potential of ₹2700 crore. Sprawling across 20 acres, the residential project will have a total saleable area of approximately 2.5 million sq ft and a total land cost of about ₹630 crore through its subsidiary Ananthay Properties Private Limited. Further, in June 2024, the company launched Brigade Insignia, a premium residential project in Yelahanka, Bengaluru, with a revenue potential of ₹1100 crore. Brigade Insignia comprises six towers housing 379 units of 3, 4, and 5 BHK apartments, spread across a 6-acre land parcel.
