Bangalore-based real estate developer Brigade Group announced its plans to develop an anticipated 15 Mn SqFt of land parcel in Chennai by FY27, with more than 80% of launches in the residential sector.
Pradyumna Krishnakumar, the company’s Executive Director stated that within the upcoming two years, it will add 4 Mn SqFt residential spaces and 1 Mn SqFt commercial spaces worth an estimated investment of INR 3400 crore to its portfolio. Brigade has already made a 25% investment of the total amount in the residential sector.
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The realty developer is launching a nearly 1 Mn SqFt mixed development project at Mount Road in Chennai worth an estimated INR 1000 Crore. The project will have two towers, one housing residential apartments and the other having offices and small retail spaces. Once completed, it will be one of the tallest buildings in the state. The developer is currently awaiting approval for the venture.
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