Brigade Enterprises acquires acres land in Chennai

23 Aug 2023 CW Team

Brigade Enterprises reported in a BSE filing that it has paid Pfizer Healthcare India a total of Rs. 138.83 crore for a 6.54 acre parcel of land. The location is situated in Sholinganallur, Chennai, along Rajiv Gandhi Salai (Old Mahabalipuram Road).

The corporation plans to erect a residential complex on this plot of land that will have a total construction area of more than one million square feet.

In the quarter that ended on June 30, 2023, the company recorded a decline in net consolidated profit of 66.14 percent. The company said in a BSE filing that their profit after tax decreased from Rs 64.65 crore in the first quarter of the previous fiscal to Rs 21.89 crore in Q1 FY24.

Its net consolidated total income for the first quarter of FY24 was Rs 685.43 crore, down 25.52 percent from Rs 920.28 crore for the same period the previous year.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

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Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

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