Brigade Enterprises Launches Rs 1,000 Crore Housing Project in Chennai
Realty firm Brigade Enterprises Ltd has formed a joint venture to develop a 6.6-acre housing project in Chennai, with an estimated revenue of Rs 1,000 crore. This move aims to expand the company's portfolio in the city's growing real estate market.
Real EstateHousing ProjectChennaiBrigade EnterprisesJoint VentureReal Estate NewsOct 06, 2025
In a regulatory filing on Monday, the Bengaluru-based company revealed that it has signed a Joint Development Agreement (JDA) for a 6.6-acre land parcel located in West Chennai. The project is expected to generate substantial revenue and further solidify Brigade Enterprises' position in the real estate sector.
“The estimated Gross Development Value (GDV) of the project is Rs 1,000 crore,” the company stated. This figure underscores the potential of the project and the robust demand in Chennai's real estate market.
Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, expressed her enthusiasm about the venture. “Chennai is our second-largest market, and this joint venture is a key step in deepening our presence and expanding our portfolio in the city,” she said. The project aligns with the company's long-term growth strategy and commitment to delivering high-quality housing solutions.
Chennai's real estate market is experiencing strong growth, driven by robust infrastructure and sustained demand from both end-users and investors. The city's strategic location and well-developed infrastructure make it an attractive destination for real estate investments. Brigade Enterprises aims to capitalize on this momentum by offering premium housing options that meet the needs of the local population.
Brigade Enterprises Ltd is one of the leading real estate developers in the country, known for its innovative projects and commitment to quality. The company has a strong track record of successful developments across various cities in India. This new project in Chennai is expected to further enhance its reputation and market position.
The partnership and project development are expected to contribute significantly to the local economy, creating jobs and boosting related industries. Brigade Enterprises is committed to sustainable development practices and ensuring that the project aligns with environmental standards and community needs.
With this strategic move, Brigade Enterprises is well-positioned to capitalize on the growing real estate market in Chennai and continue its trajectory of success in the industry.
Frequently Asked Questions
What is the estimated revenue from the new housing project in Chennai?
The estimated revenue from the new housing project in Chennai is Rs 1,000 crore.
Where is the 6.6-acre land parcel located?
The 6.6-acre land parcel is located in West Chennai.
Who is the Managing Director of Brigade Enterprises Ltd?
The Managing Director of Brigade Enterprises Ltd is Pavitra Shankar.
What factors are driving the growth of Chennai's real estate market?
Chennai's real estate market is driven by robust infrastructure and sustained demand from both end-users and investors.
What is the Gross Development Value (GDV) of the project?
The Gross Development Value (GDV) of the project is Rs 1,000 crore.
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