Brigade Expands in Chennai with Rs 4,417 Mn Land Acquisition

16 May 2025 CW Team

Brigade Enterprises Ltd, the flagship of Brigade Group, has acquired a prime 5.41-acre land parcel in Velachery, Chennai. The deal, valued at Rs 4,417 million, was advised exclusively by Knight Frank India. The project has a gross development value of approximately Rs 16,000 million and a development potential of 0.8 million square feet.

Velachery鈥檚 strategic location offers connectivity to the Information Technology Corridor of Old Mahabalipuram Road (OMR) and the Central Business District, making it attractive for residential development. This acquisition marks a milestone in Brigade鈥檚 aggressive Chennai expansion, now its second-largest market after Bengaluru.

Brigade鈥檚 key Chennai projects include Brigade Altius in Sholinganallur, Brigade Xanadu township in Mogappair, and Brigade Icon on Mount Road. The Group follows a multi-sector approach across residential, commercial, retail, and hospitality.

Brigade鈥檚 new development will reflect its commitment to aesthetics, functionality, and sustainability, offering premium residences with modern amenities. Knight Frank India emphasised Chennai鈥檚 growing residential potential and its strategic appeal for institutional capital.

Infrastructure Energy

16 May 2025

Kerala Floats Tender for 1,000 MWh Battery Storage Project

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Products

16 May 2025

Kokuyo Eyes $100 Mn India Sales in Office Furniture by 2030

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Infrastructure Transport

16 May 2025

Fourth Rail Line to Boost Navi Mumbai Airport Access

The Central Railway has approved the construction of a fourth railway line along the Karjat鈥揚anvel corridor to enhance connectivity to the upcoming Navi Mumbai International Airport. The 29-kilometre stretch is expected to significantly improve regional rail access, particularly for commuters from Pune and nearby areas.Estimated to cost Rs 4.91 billion, the project is outlined in the final Detailed Project Report (DPR) submitted to the Railway Board on 7 April. A Central Railway spokesperson confirmed the decision, stating the fourth line will help decongest the corridor and allow greater fr..