Brigade Group Acquires 5.41-Acre Land Parcel in Chennai for Premium Residential Project

Brigade Enterprises Ltd, the flagship company of Brigade Group, has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for a total development potential of 0.8 million square feet and a Gross Development Value of approximately 1,600 crores. The transaction value of the acquisition is ₹441.70 Crores. The project will offer seamless connectivity to both the IT Corridor of OMR and the Central Business District (CBD), making it an ideal choice for those seeking convenience and accessibility. The project will have a gross development value (GDV) of approximately ₹1,600 Crore, with a development potential of about 0.8 million square feet. Residents will also enjoy a host of premium amenities.