Brigade Enterprises Signs ₹1,000 Crore JDA for Premium Residential Project in Chennai
Brigade Enterprises has signed a Joint Development Agreement (JDA) for a 6.6-acre land parcel in West Chennai, marking a significant step in the company's expansion and deepening presence in the city's real estate market.
Real EstateBrigade EnterprisesJdaChennaiResidential ProjectReal EstateOct 06, 2025
Situated on a major arterial corridor, the site offers seamless connectivity to Chennai’s industrial and peripheral business districts, making it ideal for an integrated, future-ready community. The project will feature thoughtfully designed apartments, lifestyle amenities, and ESG-aligned infrastructure and is expected to be launched in 2026, subject to regulatory approvals.
Chennai is Brigade Enterprises' second-largest market, and this joint venture is a key step in deepening the company's presence and expanding its portfolio in the city. “Chennai's real estate market is on a strong growth trajectory, driven by robust infrastructure and sustained demand from both end-users and investors,” said Pavitra Shankar, Managing Director, Brigade Enterprises Limited. “This new residential development reinforces our goal of securing marquee land parcels in prime locations to deliver integrated, high-quality projects that meet the demands of Chennai's discerning homebuyers,” Shankar further added.
Founded in 1986, Brigade Group is a leading Indian property developer with nearly four decades of expertise. The company has built various projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City—across residential, office, retail, and hospitality sectors. Last month, the real estate major had signed another JDA to develop a residential project in South Bengaluru with a gross development value of ₹1,200 crore.
Brigade Enterprises' share performance has been mixed. On Monday, shares of Brigade Enterprises settled at ₹891 apiece on NSE, falling 0.64%. In the last five trading sessions, the stock has lost 1.29% and nearly 17% over three months. It has declined 6% over a period of six months. On a year-to-date basis, it has slipped more than 28%. While the scrip reached a year’s low of ₹852 on April 7, 2025, it touched a 52-week high of ₹1,419.70 per equity share almost a year ago on October 4, 2024. Brigade Enterprises has a total market capitalisation of ₹21,783.44 crore as of October 6, 2025, according to data on the NSE.
In the June quarter of FY26, the real estate development company reported a 79% year-on-year (YoY) surge in its consolidated net profit to ₹149.88 crore, compared to ₹83.72 crore in the year-ago period. Its revenue from operations stood at ₹1,281 crore during the quarter under review, marking an 18.9% YoY jump from ₹1,077 crore in the first quarter of FY25.
Frequently Asked Questions
What is the estimated Gross Development Value (GDV) of the new project in Chennai?
The estimated Gross Development Value (GDV) of the new project in Chennai is ₹1,000 crore.
Where is the 6.6-acre land parcel located in Chennai?
The 6.6-acre land parcel is located in West Chennai, situated on a major arterial corridor.
What is the expected launch date of the new residential project?
The new residential project is expected to be launched in 2026, subject to regulatory approvals.
Who is the Managing Director of Brigade Enterprises Limited?
The Managing Director of Brigade Enterprises Limited is Pavitra Shankar.
What was the percentage increase in Brigade Enterprises' consolidated net profit in the June quarter of FY26?
Brigade Enterprises reported a 79% year-on-year (YoY) surge in its consolidated net profit to ₹149.88 crore in the June quarter of FY26.
Related News Articles
Real Estate Investment Trusts in India: Recent Regulatory Updates
SEBI introduces new regulations for Small and Medium Real Estate Investment Trusts, revises pricing methodology for privately placed Infrastructure Investment Trusts, and amends SEBI (InvIT) Regulations, 2014.
Oberoi Realty Gains NCLT Approval for Nirmal Lifestyle Takeover in Mumbai
Oberoi Realty has received approval from the National Company Law Tribunal (NCLT) to acquire Nirmal Lifestyle, solidifying its position in Mumbai's competitive real estate market. The acquisition includes a 20,262.24 square meters plot adjacent to Oberoi'
Mid-sized Developers Thrive in India's Reviving Real Estate Market
The Indian real estate sector is witnessing a significant upturn, and mid-sized developers are seizing the opportunity. These firms are focusing on niche developments and innovative strategies to carve out a strong market presence.
Bajaj Housing Finance Shares Drop 6% as 12 Million Shares Hit Market After Lock-In Period
Bajaj Housing Finance shares experienced a significant dip of 6% as the three-month lock-in period for anchor investors ended, leading to a surge in shares available on the market.
Maharashtra RERA Freezes Bank Accounts of Non-Compliant Developers
Maharashtra Real Estate Regulatory Authority (MahaRERA) takes strict action against non-compliant developers by freezing their bank accounts. This move is aimed at ensuring transparency and accountability in the real estate sector.
NoBroker’s Ambitious Leap into Conversational AI SaaS with ConvoZen.AI
India’s first proptech unicorn, NoBroker, has ventured into the highly competitive Conversational AI Cloud market with its new platform, ConvoZen.AI. This strategic move leverages NoBroker’s extensive experience in customer interactions to deliver advance