Brigade to invest in Bengaluru and Chennai

19 Feb 2024 CW Team

Bengaluru-based listed real estate company Brigade Group plans to launch more than 6.5 mn sq ft of residential projects this fiscal, predominantly in Bengaluru and Chennai that are likely to entail an investment of around Rs 2,700 crore, said Pavitra Shankar, Managing Director, Brigade Enterprises Limited.

"This financial year we would be launching close to 6.5 mn sq ft primarily in Bengaluru. The company has so far launched 4 mn sq ft in Bengaluru across different submarkets In the coming four quarters, we look to launch projects in Hyderabad and Chennai in addition to Bengaluru," she said.

Brigade Enterprises, which recently posted a profit of Rs. 56 crore, has a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru across residential, office, retail and hotels.

Asked if the company has plans to expand to Delhi-NCR or Mumbai, Shankar told HT Digital that the company plans to focus on South India for now "as we have invested here in terms of having a presence and creating a network. When we enter a market, we want to be present across segments - office, retail, residential and hospitality. We much rather go deep into a market rather than spread across one-off projects in multiple markets.?

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