Brigade Enterprises Launches Luxury Project in Chennai, Boosts Residential Portfolio
Bengaluru-based Brigade Enterprises expects its FY-25 residential launches to see an average pricing of ₹10,000/sqft with its premium-luxury mixed-use project on Chennai's iconic Mount Road.
Brigade EnterprisesChennaiLuxury ProjectReal EstateResidential PortfolioReal EstateJun 13, 2024
The project is a significant milestone for Brigade Enterprises, which has a strong presence in the South with its residential, office, hospitality, and retail projects in Bengaluru, Hyderabad, and Chennai. With this launch, Chennai will become Brigade's second-largest market in India.
The company has announced an investment of ₹8,000 crore to build 15 million square feet of real estate in Chennai by 2030. The Gross Development Value from the company's overall residential portfolio in Chennai is approximately ₹13,000 crore.
Brigade Enterprises expects its overall residential portfolio to go north of ₹9,000/sqft in average weighted price this fiscal. The management also expects to sustain its present-day revenue growth, with a target of 15 to 20% growth rate in the residential business this fiscal.
The company has earmarked ₹1,000 to ₹1,500 crore towards land acquisition this fiscal, with a focus on the Hyderabad and Chennai markets. Brigade Enterprises is looking to expand its presence in these markets, with the aim of reducing Bengaluru's contribution to its residential sales from 90% to 65% in the next five years.
Brigade Enterprises is a leading real estate developer in India, with a strong presence in the South. The company has a diversified portfolio of residential, office, hospitality, and retail projects. Brigade Enterprises has a reputation for delivering high-quality projects on time, with a focus on customer satisfaction.
Brigade Enterprises is a Bengaluru-based real estate major, with a presence in the South with its residential, office, hospitality, and retail projects in Bengaluru, Hyderabad, and Chennai.
Frequently Asked Questions
What is the average pricing of Brigade Enterprises' FY-25 residential launches?
₹10,000/sqft
What is the Gross Development Value of Brigade Icon?
₹1,800 crore
How many apartments will Brigade Icon have?
200, including penthouses
What is Brigade Enterprises' investment in Chennai by 2030?
₹8,000 crore to build 15 million square feet of real estate
What is Brigade Enterprises' target growth rate in the residential business this fiscal?
15 to 20%
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