Brigade Group Plans to Invest ₹8000 Crore in Chennai, Launch 15 Mn Sq Ft by 2030

Brigade Group Plans to Invest ₹8000 Crore in Chennai, Launch 15 Mn Sq Ft by 2030

Bangalore-based real estate developer, Brigade Group, recently announced its ambitious plans to invest ₹8000 crore in Chennai. The company aims to launch 15 million square feet (sq ft) of residential and commercial space in the city by 2030.

Residential Projects

Brigade Group plans to launch a range of residential projects, including luxury apartments, villas, and plotted developments. These projects will be located in prime areas such as OMR (Old Mahabalipuram Road), ECR (East Coast Road), and GST Road. The residential portfolio will cater to a wide range of customer segments, from first-time homebuyers to high-end luxury buyers.

Commercial Projects

In addition to residential projects, Brigade Group will also develop commercial projects in Chennai. These will include Grade A office spaces, IT parks, and retail spaces. The commercial developments will be targeted towards multinational corporations, IT companies, and other businesses looking for premium office space.

Investment and Timeline

The ₹8000 crore investment will be spread over the next eight years, with the majority of the projects scheduled to be launched by 2025. Brigade Group expects to generate significant revenue and profit from these developments, contributing to its overall growth plans.

Market Outlook

Chennai’s real estate market has witnessed steady growth in recent years. The city’s strong economic fundamentals, growing IT sector, and infrastructure developments have made it an attractive destination for real estate investments. Brigade Group believes that the city has the potential for further growth in the future.

Keywords:

Brigade Group
Chennai
Real estate
Residential
Commercial
OMR
ECR
GST Road
Luxury apartments
Villas
Plotted developments
Grade A office spaces
IT parks
Retail spaces
Investment
Revenue
Growth plans