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Brigade Enterprises acquired 5.41 acres of prime land in Velachery, Chennai, for ₹441.7 crore. The planned residential project has a gross development value of ₹1,600 crore and will offer 0.8 million sq. ft. of premium living space.
Brigade Enterprises has finalised the acquisition of a 5.41-acre land parcel in Velachery, Chennai, for ₹441.7 crore. The premium residential project to be developed on the site has an estimated gross development value (GDV) of ₹1,600 crore. With a development potential of 0.8 million square feet, the project will cater to the increasing demand for high-quality urban housing in Chennai’s fast-growing real estate market.
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Brigade acquires 5.41 acres in Velachery, Chennai, for ₹441.7 crore.
The project has a GDV of approximately ₹1,600 crore.
Development potential of the site stands at 0.8 million sq. ft.
Project offers access to OMR and the Central Business District.
Chennai is now Brigade’s second-largest operational market.
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Located in the heart of Velachery, a key residential and commercial hub, the land offers excellent access to Chennai’s IT corridor on Old Mahabalipuram Road (OMR) and the Central Business District. Brigade aims to develop a premium residential complex that aligns with modern urban demands and infrastructure. This addition further strengthens its presence in Tamil Nadu, positioning Chennai as the second-largest market for the company after Bengaluru.
Particulars | Details |
Location | Velachery, Chennai |
Land Area | 5.41 acres |
Acquisition Cost | ₹441.7 crore |
Development Potential | 0.8 million sq. ft. |
Gross Development Value (GDV) | ₹1,600 crore |
Connectivity | OMR & Central Business District |
Brigade Enterprises has already developed key projects across Chennai, including Brigade Xanadu, Brigade Icon, and Brigade Altius. This new acquisition strengthens its long-term growth plan in a city that continues to attract institutional and private investment. Following the announcement, investors are expected to monitor Brigade Enterprise share price closely, as this acquisition could enhance future revenue visibility. Recent momentum in premium housing demand may positively influence Brigade Enterprise share price trends.
Brigade’s latest land acquisition in Velachery underlines its strategic intent to scale up premium residential offerings in South India. With a substantial GDV and prime location, the project could become a key revenue contributor and potentially support the long-term performance of Brigade Enterprise share price.
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