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

10 Jan 2024 CW Team

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.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..