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

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

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

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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code