Business Update21 Feb 2024, 10:11 pm
Brigade Group to Expand Residential and Hospitality Portfolios in Chennai
AI Summary
Brigade Group, a leading real estate developer, has signed a joint development agreement with PVP Ventures Limited to develop a 2.5 million square feet residential project in Chennai, with a revenue potential of ₹22000 Crores. The company has also signed a 45-year lease agreement to build a 250-room resort on East Coast Road (ECR) and is in talks with leading hoteliers for management of operations.,
Key Highlights
- Brigade Group to expand residential and hospitality portfolios in Chennai
- Signed joint development agreement with PVP Ventures Limited
- Revenue potential of ₹22000 Crores
- Plans to add 250 keys to its hospitality business