Brigade Signs Chennai Mega Deal for 1 Million Sq. Ft. Residential Project in West Chennai
Addressofchoice 31 December 2024Brigade Group has signed a pivotal Joint Development Agreement to bring a transformative residential project to Chennai. Spanning approximately one million square feet, this project is strategically located in the booming region of West Chennai, an area renowned for its rapid growth and urbanization.
Mixed-Use Development to Reshape West Chennai
The residential project is part of a larger 1.5 million square feet mixed-use development. This ambitious venture will seamlessly integrate residential, commercial, retail, and hospitality spaces, promising a vibrant urban ecosystem. With an estimated Gross Development Value (GDV) of INR 800 crores, this development is poised to significantly impact Chennai’s real estate landscape.
Commitment to Quality and Innovation
Pavitra Shankar, Managing Director of Brigade Enterprises Limited, shared her vision for the project:
“This joint development agreement for a 1 million sq ft residential development, forming part of a larger mixed-use development, underscores our commitment to the city's growth and our vision to deliver world-class residential, commercial, retail, and hospitality spaces. Our commitment to quality and innovation ensures that each property that we develop not only meets but exceeds customer expectations, providing a premium experience.”
Strengthening Brigade’s Foothold in Chennai
This strategic agreement further reinforces Brigade Group’s position as a prominent real estate developer in Chennai. By undertaking this expansive project, Brigade aims to contribute to the city’s evolving skyline while offering residents unparalleled living and working spaces designed to international standards.
Key Highlights of the Deal
- Location: West Chennai, a rapidly growing hub.
- Project Scope: 1 million sq. ft. residential development as part of a 1.5 million sq. ft. mixed-use project.
- Gross Development Value (GDV): Estimated at INR 800 crores.
- Vision: Delivering world-class residential, commercial, retail, and hospitality spaces.
- Impact: Strengthens Brigade Group’s leadership in Chennai’s real estate market.
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