Published On:November 8 2024
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Brigade to Invest ₹800 Crore in Developing 1 Million Sq Ft Residential Project in West Chennai.
Bengaluru-based real estate developer, Brigade Group, has entered into a Joint Development Agreement (JDA) to launch a residential project spanning approximately 1 million square feet in Chennai. The development, located in the rapidly expanding West Chennai area, is part of a larger 1.5 million square feet mixed-use project.
The residential project is expected to have a Gross Development Value (GDV) of around ₹800 crore. While the company has not disclosed the identity of its development partner or the exact project location, the initiative is set to enhance Brigade Group's presence in the city.
This strategic move further strengthens Brigade Group’s standing as a leading player in Chennai’s real estate market, contributing to the city's dynamic growth with high-quality living and commercial spaces, according to the company’s statement.
HBL