Introduction
Brigade Group, one of India’s leading real estate developers, has revealed plans to invest a whopping ₹8,000 crores in Chennai by 2030. This strategic move is all set to revolutionize the real estate market in the city and pave an unprecedented path. growth and development. The investment will focus on developing residential, commercial, and retail spaces in prime locations across Chennai, catering to the growing demand for quality real estate.
Table of Contents
- Brigade Group Invests ₹8,000 crores in Chennai
- Already Signed Four Projects: Pavitra Shankar
- 38 Floors are Being Developed by Brigade Group
- Brigade Group of Company Overview
- Frequently Asked Questions
Brigade has a pipeline of 15 million square feet across all divisions in Chennai. Brigade Group’s commitment to innovation and sustainability sets new benchmarks in the industry and improves the overall infrastructure of the city. This will make the company the second largest market among companies in Bangalore.
Real estate developer Brigade Group has announced the launch of Brigade Icon. A high-end mixed-use development on Mount Road, Chennai. This project will feature luxury residences, premium office spaces, and a retail area. Brigade Icon aims to redefine the skyline of Chennai with its iconic design and world-class amenities. With its innovative architecture and state-of-the-art facilities, Brigade Icon is set to become a landmark in Chennai’s real estate landscape.
Brigade Group Invests ₹8,000 crores in Chennai
Brigade Group plans to open 15 million square feet of residential, office, retail, and hospitality space in Chennai with an investment of around ₹8,000 crore, the company said in a statement. 8,000 crores to invest in real estate till 2030 for the development of Brigade Group willing to investment. The investment is part of Brigade Group’s larger strategy to expand its presence in key markets across India. With a focus on creating sustainable and innovative developments.
In line with the growing demand for quality real estate in the city, the company aims to enhance the urban landscape of Chennai through these new projects. Chennai will be the second largest market after Bengaluru for the real estate company’s home turf. The company is making the largest market in Chennai. It is the goal of the organization.
The company plans to invest over Rs 8,000 crores in Chennai by 2030. The gross development value (GDV) of the residential projects alone is estimated at over Rs 13,000 crore. So, it was first decided to build in the residential project. After that remaining projects will launch. This substantial investment underscores the company’s commitment to the growth and development of Chennai’s real estate sector.
Already Signed Four Projects: Pavitra Shankar
By prioritizing residential projects, the company aims to meet the growing demand for housing in the city before expanding into other sectors. However, “We have already signed MoUs for four projects with the state government as part of their Global Investors Meet. Approvals for these are in process,” said Pavitra Shankar, Managing Director of Brigade Enterprises Limited.
The Brigade Group has a pipeline of 15 million square feet across all segments in Chennai. The residential segment covers an area of more than 12 million square feet. Pavitra said that the company is ready to build this residential project and more projects are coming. Commercial and retail segments account for the remaining 3 million square feet in Chennai.
Pavitra stated that the company is focused on delivering high-quality projects that meet the needs of its customers. The gross development value (GDV) of residential projects in the city alone is estimation to be over ₹13,000 crores. In FY25, Pavitra plans to launch commercial development of around 1 million square feet, it said. This will further contribute to the overall growth and economic development of the city.
38 Floors are Being Developed by Brigade Group
Pavitra Shankar said there will be ground plus 3 BHK, 4 BHK and 2,500 sq ft to five-bed apartments and 38 floors of residences with a GDV of over ₹ 1800 crores. There are world-class facilities and more faculties. They have a luxury life experience. The project is expected to be completed within the next three years. Offering residents a modern and upscale living environment. The developer aims to create a vibrant community with ample amenities for all residents to enjoy.
In Chennai, the Brigade Group has already completed 5 million square feet of residential, office, hospitality, and retail real estate, the company director explained. World Trade Center Chennai in Perungudi, OMR is over 90% leased. The company director also mentioned that Brigade Group has plans to expand further in Chennai with upcoming projects in various sectors.
Brigade Group of Company Overview
Brigade Group was established in 1986. It is a Bengaluru-based listed real estate company and is trusted. It was founded by M.R. Jaishankar. The company’s Joint Managing Director Nirupa Shankar, Managing Director Pavitra Shankar, and Executive Director Pradyumna Krishnakumar.
It has developed several landmark buildings in the cities of Bangalore, Chennai, Hyderabad, Mysore, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangalore and Chikkamagaluru. It has transformed skylines with developments such as residential, commercial offices, apartments, shopping malls, villas, hotels, leisure & hospitality, and retail.
Conclusion
Brigade Group plans to invest ₹8,000 crores in Chennai by 2030. It also reflects the company’s confidence in the city’s real estate market and its long-term growth potential. The investment will contribute to the overall development of infrastructure in Chennai, further enhancing the city’s appeal as a thriving urban hub. This demonstrates Brigade Group’s commitment to sustainable growth and community engagement in the region. For more information, visit openplot.
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Frequently Asked Questions
Q. Is a brigade group a good builder?
A. The Brigade Group has good construction quality for all their projects. They use quality materials for building all their properties. The building quality also remains the best after many years.
Q. When was the Brigade group established?
A. Brigade Group was established in 1986. It was founded by M.R. Jaishankar.
Q. What do brigade organizations do?
A. Brigade Enterprises Limited is a property development company. The company builds and develops residential, commercial, educational, retail, and hospitality projects.