Brigade Group intends to construct premium real estate in Chennai and Bengaluru.

Brigade Group, a real estate developer, has signed formal agreements to build premium land parcels in Chennai and Bengaluru, with a total earning capacity of Rs. 4,000 crores over the next four to five years. The developer’s deal to purchase the Mount Road site in Chennai from the TVS Group firm has the capacity for one million square feet of mixed-use urban, comprising commercial, retail, and residential spaces. The bilateral cooperation land at Sarjapur Road in Bengaluru, near foreign schools, offers a residential flat development potential of about two million square feet.

“We are continually on the hunt for conveniently placed property parcels that we may purchase and expand,” said MR Jaishankar, CMD of Brigade Group. Each of these sites in Chennai and Bengaluru was acquired as part of our expansion plan as we focus primarily on South India, with a stronger reference on Bengaluru, Chennai, and Hyderabad.” The developer has 10 million square feet of forthcoming projects in Bengaluru, Hyderabad, and Chennai.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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