Brigade Group to develop 2.1 mn sq ft residential township in Chennai

30 Jun 2022 CW Team

A Joint Development Agreement (JDA) for the development of around 2.1 million sq ft in Chennai has been signed by the Brigade Group.

The 15 acres of property near the OMR Sholinganallur junction in Perumbakkam would be turned into a large residential township.

Over the next five years, the Chennai residential business of Brigade Group is likely to generate roughly Rs 6,000 Crore in income.

Pavitra Shankar, Executive Director and Head of Residential Business, told the media that they would continue to place a lot of emphasis on South India, and this project is a major component of our plan to increase our footprint in Chennai.

He said in around five years, the project will generate over Rs. 1,500 crores in revenue. Customers' feedback will be favourable, especially from the IT and ITeS sectors, as it is located in the heart of the IT Office belt.

One of Chennai's rapidly developing residential areas, Perumbakkam, has recently seen increased infrastructure development.

Further, the Group is growing its Residential, Commercial, and Retail sectors as part of its consolidation objectives in Chennai.

Image Source

Also read: CHB awaits eco-clearance for IT Park housing scheme

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..