Kolkata, New Delhi, INDIA. New York, USA.
Business Aajkal, CHENNAI, 14 May 2025: Brigade Enterprises Ltd, a prominent real estate developer, has acquired a 5.41-acre land parcel in Chennai for Rs 441.70 crore to develop a premium residential project.
The new project will be located on Velachery Road and is expected to have a gross development value (GDV) of around Rs 1,600 crore. It is projected to offer approximately 0.8 million square feet of development potential.
This acquisition, situated near Phoenix Market City in Velachery, marks part of Brigade Group's strategic expansion efforts in the Chennai market, as part of its broader growth plans in the region.