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Hindustan Times
21-06-2025
- Business
- Hindustan Times
Brigade Group launches housing project with potential of ₹2,100 crore in South Chennai
Bengaluru-based listed real estate developer Brigade Group announced on June 21 a residential project in South Chennai with a gross development value (GDV) of ₹ 2,100 crore. Bengaluru-based listed real estate developer Brigade Group announced on June 21 a residential project in South Chennai with a gross development value (GDV) of ₹ 2,100 crore ( Picture for representational purposes only) (Pixabay) The company said the project is located on the Sholinganallur–Medavakkam corridor in South Chennai. It is spread across 14.7 acres and has a potential for 2.2 million sq ft of premium apartments. The company said that it will develop 1,250 units, with the largest units spanning up to 2,599 sq ft, in 2,3—and 4-BHK sizes. According to the company, the project named Brigade Morgan Heights is strategically positioned just 150 meters from the upcoming Classical Tamil Institute Metro Station and ensures smooth connectivity to key IT parks—including ELCOT, Wipro, and Cognizant—each reachable within a mere 10-minute drive, significantly enhancing its appeal for working professionals. Also Read: Brigade Group's flexible workspace arm BuzzWorks signs 24,000 sq ft workspace with Infor India in Hyderabad The company said that the project will be executed via a Joint Development Agreement (JDA), and will be equipped with rooftop solar panels covering one-third of the terrace space to power common areas, rainwater harvesting systems, groundwater recharge, and an organic waste converter. The centrepiece is a 40,000 sq ft clubhouse offering over 30 curated amenities. Also Read: Brigade Group to add 8 million sq ft of office space, plans to double flex space portfolio Brigade Enterprises MD Pavitra Shankar said, 'Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high‑quality residential developments in upcoming urban corridors. With its prime location, proximity to IT hubs, and a serene green backdrop, Brigade Morgan Heights will offer an unparalleled living experience integrating comfort, sustainability and modern living." Also Read: Less than 1% of Indian developers' topline is invested in technology, says Nirupa Shankar of Brigade Group Meanwhile, the company said that this launch not only reinforces Brigade Group's commitment to Chennai—a city where it plans nearly ₹ 8,000 crore worth of developments by 2030—but also marks a significant milestone in its portfolio of landmark projects, which includes flagship properties like the World Trade Centre and Orion Mall.
Hindustan Times
20-06-2025
- Business
- Hindustan Times
Brigade Group's flexible workspace arm BuzzWorks signs 24,000 sq ft workspace with Infor India in Hyderabad
Brigade Group's flexible workspace arm, BuzzWorks, has signed a deal with Infor India Private Limited for a 24,000 sq ft office space in Hyderabad, the company said in a statement. The lease is located at Auro Orbit, in Hyderabad's IT corridor of HITEC City. The deal marks BuzzWorks' strategy to scale up its managed workspace portfolio to 1 million sq ft by FY2026. The Auro Orbit, located on the 18th floor, is designed with an Urban Forest theme. Siddharth Verma, general manager at BuzzWorks, said the move reflects broader trends in the commercial real estate sector. 'Hyderabad saw 12.5 million sq ft of Grade A leasing in 2024, up 56% year-on-year, driven by IT and Global Capability Centres. Flexible workspaces accounted for 14% of this, highlighting the growing shift from fixed assets to experience-driven, office-as-a-service models.' Launched in 2019, BuzzWorks operates across major South Indian cities, including Bengaluru, Chennai, Kochi, and Trivandrum. Also Read: Brigade Group to add 8 million sq ft of office space, plans to double flex space portfolio BuzzWorks entered the Hyderabad market with a 25,000-square-foot space in Auro Orbit of Hitec City in September last year. The facility features 416 desks, along with meeting rooms and collaborative spaces. Brigade Group ventured into the flexible office spaces with 'BuzzWorks' in 2019. Brigade's coworking brand, BuzzWorks, currently operates 8,000 seats across various locations. The company plans to double that number in the next year and scale up to 1 lakh seats by 2030. 'We see growing demand for flexible workspaces, and BuzzWorks has been well-received. Our goal is to reach 1 lakh seats by the end of this decade,' Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited, told in April 2025.
Business Standard
09-05-2025
- Business
- Business Standard
Brigade Ent acquires 11-acre land parcel in Bengaluru
Brigade Enterprises has acquired a strategically located 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, with an estimated gross development value of over Rs 2,000 crore. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a GDV of over Rs 2,000 crore. Nirupa Shankar, joint managing director, Brigade Enterprises, said, This strategic acquisition is a significant step in our journey to create world class commercial spaces that inspired by creating a sustainable and future ready workspace. 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 Bengalurus commercial landscape while enhancing Brigade Groups leadership in the Grade A office leasing segment. This project will also work towards bringing us closer to achieving our net zero target. Brigade Group is one of Indias leading property developers. It has developed many landmark buildings and transformed skylines across India in the cities of Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City with developments across residential, office, retail, hospitality and education sectors. The companys consolidated net profit surged to Rs 236.24 crore in Q4 FY25 as compared with Rs 73.49 crore in Q4 FY24. Net sales increased 24.7% YoY to Rs 1,463.94 crore in Q4 FY25. The counter declined 1.74% to end at Rs 998.80 on 8 May 2025.
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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.
