Brigade Expands in Chennai with Rs 4,417 Mn Land Acquisition
Real Estate

Brigade Expands in Chennai with Rs 4,417 Mn Land Acquisition

Brigade Enterprises Ltd, the flagship of Brigade Group, has acquired a prime 5.41-acre land parcel in Velachery, Chennai. The deal, valued at Rs 4,417 million, was advised exclusively by Knight Frank India. The project has a gross development value of approximately Rs 16,000 million and a development potential of 0.8 million square feet.

Velachery’s strategic location offers connectivity to the Information Technology Corridor of Old Mahabalipuram Road (OMR) and the Central Business District, making it attractive for residential development. This acquisition marks a milestone in Brigade’s aggressive Chennai expansion, now its second-largest market after Bengaluru.

Brigade’s key Chennai projects include Brigade Altius in Sholinganallur, Brigade Xanadu township in Mogappair, and Brigade Icon on Mount Road. The Group follows a multi-sector approach across residential, commercial, retail, and hospitality.

Brigade’s new development will reflect its commitment to aesthetics, functionality, and sustainability, offering premium residences with modern amenities. Knight Frank India emphasised Chennai’s growing residential potential and its strategic appeal for institutional capital.

Brigade Enterprises Ltd, the flagship of Brigade Group, has acquired a prime 5.41-acre land parcel in Velachery, Chennai. The deal, valued at Rs 4,417 million, was advised exclusively by Knight Frank India. The project has a gross development value of approximately Rs 16,000 million and a development potential of 0.8 million square feet.Velachery’s strategic location offers connectivity to the Information Technology Corridor of Old Mahabalipuram Road (OMR) and the Central Business District, making it attractive for residential development. This acquisition marks a milestone in Brigade’s aggressive Chennai expansion, now its second-largest market after Bengaluru.Brigade’s key Chennai projects include Brigade Altius in Sholinganallur, Brigade Xanadu township in Mogappair, and Brigade Icon on Mount Road. The Group follows a multi-sector approach across residential, commercial, retail, and hospitality.Brigade’s new development will reflect its commitment to aesthetics, functionality, and sustainability, offering premium residences with modern amenities. Knight Frank India emphasised Chennai’s growing residential potential and its strategic appeal for institutional capital.

Next Story
Real Estate

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Next Story
Infrastructure Transport

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Next Story
Infrastructure Urban

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?