+
Brigade Group inks Rs 34 bn MOUs at TN Global Investors Meet '24
Real Estate

Brigade Group inks Rs 34 bn MOUs at TN Global Investors Meet '24

Brigade Enterprises has entered into Memorandums of Understanding (MoUs) with Tamil Nadu, expressing its commitment to invest over Rs 34 billion in the state, potentially creating employment opportunities for approximately 25,000 individuals over the next three to four years. The agreements were formalized during Tamil Nadu's Global Investors Meet (GIM) 2024, in the presence of Chief Minister MK Stalin.

Two MoUs were signed by the company' one with the Chennai Metropolitan Development Authority (CMDA) and the other with the Information Technology and Digital Services Department of the Government of Tamil Nadu (ELCOT). The MoU with CMDA pertains to Brigade's expansion in Chennai, involving the establishment of two high-rise residential buildings in the IT belt of Sholinganallur, with an investment exceeding Rs 20 billion. The second MoU with ELCOT, IT&DS, outlines an investment of approximately Rs 14 billion for high-rise commercial and residential developments across various micro-markets, including Mount Road. These projects are anticipated to be completed within the next three to four years. Tamil Nadu has committed to providing the necessary support and regulatory facilitation, subject to applicable laws.

In response to the development, Pradyumna Krishnakumar, Executive Director of Brigade Enterprises, stated, Chennai remains a primary focus area for us in residential, commercial, and hospitality sectors. These segments have demonstrated remarkable growth and potential over the past year. Additionally, Chennai is emerging as an IT/ITES and Healthcare hotspot, with a high demand for commercial spaces. This, in turn, will stimulate the demand for residences. We are confident that, with the backing of the Tamil Nadu Government, we will contribute to the state's growth, as the real estate sector plays a pivotal role in the state exchequer.

Brigade Enterprises has entered into Memorandums of Understanding (MoUs) with Tamil Nadu, expressing its commitment to invest over Rs 34 billion in the state, potentially creating employment opportunities for approximately 25,000 individuals over the next three to four years. The agreements were formalized during Tamil Nadu's Global Investors Meet (GIM) 2024, in the presence of Chief Minister MK Stalin. Two MoUs were signed by the company' one with the Chennai Metropolitan Development Authority (CMDA) and the other with the Information Technology and Digital Services Department of the Government of Tamil Nadu (ELCOT). The MoU with CMDA pertains to Brigade's expansion in Chennai, involving the establishment of two high-rise residential buildings in the IT belt of Sholinganallur, with an investment exceeding Rs 20 billion. The second MoU with ELCOT, IT&DS, outlines an investment of approximately Rs 14 billion for high-rise commercial and residential developments across various micro-markets, including Mount Road. These projects are anticipated to be completed within the next three to four years. Tamil Nadu has committed to providing the necessary support and regulatory facilitation, subject to applicable laws. In response to the development, Pradyumna Krishnakumar, Executive Director of Brigade Enterprises, stated, Chennai remains a primary focus area for us in residential, commercial, and hospitality sectors. These segments have demonstrated remarkable growth and potential over the past year. Additionally, Chennai is emerging as an IT/ITES and Healthcare hotspot, with a high demand for commercial spaces. This, in turn, will stimulate the demand for residences. We are confident that, with the backing of the Tamil Nadu Government, we will contribute to the state's growth, as the real estate sector plays a pivotal role in the state exchequer.

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?