80 billion invested by Brigade Group in Chennai by 2030
ECONOMY & POLICY

80 billion invested by Brigade Group in Chennai by 2030

Brigade Group is to invest more than Rs 80 billion by 2030 to increase the size of its property in Chennai. The company now has a pipeline of more than 15 million square feet, of which more than 12 million are residential. The residential developments are anticipated to have a gross development value (GDV) exceeding Rs 130 billion. Pavitra Shankar, managing director of Brigade Enterprises, stated that the company's aim was to double its growth in the city by expanding all four verticals of residential, commercial, retail, and hospitality. He mentioned that they had already signed Memorandums of Understanding (MoUs) with the state government for four projects as part of their Global Investors Meet, with approvals for these projects currently in process. Shankar also noted that in FY25, the company planned to launch over three million square feet of residential projects and about one million square feet of commercial development in Chennai. He further mentioned that the company had recently launched Brigade Icon Residences, featuring three, four, and five-bedroom apartments from 2,500 square feet onwards with G+38 floors. The gross development value (GDV) of this project was stated to be over Rs 18 billion.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Brigade Group is to invest more than Rs 80 billion by 2030 to increase the size of its property in Chennai. The company now has a pipeline of more than 15 million square feet, of which more than 12 million are residential. The residential developments are anticipated to have a gross development value (GDV) exceeding Rs 130 billion. Pavitra Shankar, managing director of Brigade Enterprises, stated that the company's aim was to double its growth in the city by expanding all four verticals of residential, commercial, retail, and hospitality. He mentioned that they had already signed Memorandums of Understanding (MoUs) with the state government for four projects as part of their Global Investors Meet, with approvals for these projects currently in process. Shankar also noted that in FY25, the company planned to launch over three million square feet of residential projects and about one million square feet of commercial development in Chennai. He further mentioned that the company had recently launched Brigade Icon Residences, featuring three, four, and five-bedroom apartments from 2,500 square feet onwards with G+38 floors. The gross development value (GDV) of this project was stated to be over Rs 18 billion.

Next Story
Infrastructure Energy

BrightNight Commissions 115 MW Hybrid Power Project in Maharashtra

BrightNight, a prominent global renewable energy producer, has launched the first phase of its 115 MW hybrid renewable energy project, Optima Maharashtra, in Dharashiv, located in southern Maharashtra. This marks one of the state’s pioneering co-located wind and solar projects and signifies BrightNight's inaugural energy supply to India's national power grid, furthering the nation's goal of decarbonising its energy sector. Spanning around 14,000 acres, the project integrates cutting-edge wind and solar technologies, powered by BrightNight’s proprietary AI-driven PowerAlpha® platform. The ..

Next Story
Infrastructure Energy

Maha and Rajasthan Lead Solar-Powered Agriculture Under KUSUM Programme

Maharashtra and Rajasthan are leading the way in the adoption of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, specifically under Component C. This component aims to scale renewable energy infrastructure, addressing both agricultural sustainability and energy security. The two states are expected to contribute over 10 GW of solar capacity under the PM-KUSUM programme by 2025. The PM-KUSUM programme consists of three key components: small-scale solar projects (Component A), the installation of standalone solar-powered pumps (Component B), and the solarisat..

Next Story
Infrastructure Energy

Odisha Floats EPC Tender for 4 MW Solar Projects with Battery Integration

The Odisha Renewable Energy Development Agency (OREDA) has released a tender for the engineering, procurement, and construction (EPC) of 4 MW rooftop solar projects with integrated battery systems. These projects will be implemented across various locations in Odisha under a rate contract basis. Bids must be submitted by January 27, 2025, with bid opening scheduled for February 1. Bidders are required to submit a bid security of Rs 300,000 ($3,600), a bid cost of Rs 10,500 ($126), and a processing fee of Rs 1,000 ($12). The selected bidders must be responsible for designing, engineering, suppl..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000