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.

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

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

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