+
Brigade Enterprises commits Rs 34 bn investment in Tamil Nadu's Growth
ECONOMY & POLICY

Brigade Enterprises commits Rs 34 bn investment in Tamil Nadu's Growth

On January 8, Brigade Enterprises inked two Memoranda of Understanding (MoUs) with the Tamil Nadu government, committing to invest more than Rs 34 billion in the state over the next 3-4 years.

These agreements were formalised during the Tamil Nadu Global Investors Meet (GIM) 2024, with Chief Minister MK Stalin in attendance.

The first MoU, in collaboration with the Chennai Metropolitan Development Authority (CMDA), outlines Brigade Group's ambitious expansion plans in Chennai. It includes the construction of two high-rise residential buildings in the IT hub of Sholinganallur, with an investment exceeding Rs 20 billion.

The second MoU was established with the Electronics Corporation of Tamil Nadu (ELCOT), Information Technology and Digital Services Department, Government of Tamil Nadu. This agreement entails an investment of approximately Rs 14 billion for the development of high-rise commercial and residential projects in various micro-markets across Chennai, including Mount Road.

The slated completion for these projects is within the next 3-4 years.

Pradyumna Krishnakumar, Executive Director of Brigade Enterprises, emphasised the strategic significance of Chennai in their business focus, spanning residential, commercial, and hospitality sectors. He noted the city's promising growth in these sectors, especially in the past year, and highlighted Chennai's emergence as a hotspot for IT/ITES and healthcare industries, driving high demand for commercial spaces.

The signing of the MoU with ELCOT involved Pradyumna Krishnakumar and Dr S Aneesh Sekhar, IAS MD, ELCOT. Additionally, the agreement with CMDA was formalised between Hrishikesh Nair, Chief Operating Officer of Brigade Enterprises Ltd, and Anshul Mishra, IAS Member Secretary of Chennai Metropolitan Development Authority, Housing and Urban Development Department, Government of Tamil Nadu.

On January 8, Brigade Enterprises inked two Memoranda of Understanding (MoUs) with the Tamil Nadu government, committing to invest more than Rs 34 billion in the state over the next 3-4 years. These agreements were formalised during the Tamil Nadu Global Investors Meet (GIM) 2024, with Chief Minister MK Stalin in attendance. The first MoU, in collaboration with the Chennai Metropolitan Development Authority (CMDA), outlines Brigade Group's ambitious expansion plans in Chennai. It includes the construction of two high-rise residential buildings in the IT hub of Sholinganallur, with an investment exceeding Rs 20 billion. The second MoU was established with the Electronics Corporation of Tamil Nadu (ELCOT), Information Technology and Digital Services Department, Government of Tamil Nadu. This agreement entails an investment of approximately Rs 14 billion for the development of high-rise commercial and residential projects in various micro-markets across Chennai, including Mount Road. The slated completion for these projects is within the next 3-4 years. Pradyumna Krishnakumar, Executive Director of Brigade Enterprises, emphasised the strategic significance of Chennai in their business focus, spanning residential, commercial, and hospitality sectors. He noted the city's promising growth in these sectors, especially in the past year, and highlighted Chennai's emergence as a hotspot for IT/ITES and healthcare industries, driving high demand for commercial spaces. The signing of the MoU with ELCOT involved Pradyumna Krishnakumar and Dr S Aneesh Sekhar, IAS MD, ELCOT. Additionally, the agreement with CMDA was formalised between Hrishikesh Nair, Chief Operating Officer of Brigade Enterprises Ltd, and Anshul Mishra, IAS Member Secretary of Chennai Metropolitan Development Authority, Housing and Urban Development Department, Government of Tamil Nadu.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?