NEW DELHI: Brigade Group plans to invest over Rs 8,000 crore by 2030 to expand its portfolio in Chennai with a pipeline of over 15 million sq ft, of which the residential segment comprises of over 12 million sq ft.
The gross development value (GDV) of the residential projects is estimated to be over Rs 13,000 crore.
Pavitra Shankar, managing director, Brigade Enterprises said, “Our aim is to double our growth in the city by expanding all four verticals of residential, commercial, retail and hospitality. We have already signed MoUs with the State Government for four projects as part of their Global Investors Meet, approvals for which are in process.”
In FY25, the company plans to launch over three million sq ft of residential projects and about 1 million n sqft of commercial development in Chennai.
The company recently launched Brigade Icon Residences which will have G +38 floors, featuring three, four and five bed apartments from 2,500 sq ft onwards and GDV will be over Rs 1,800 crore.
In Chennai, it has completed over five million sq ft.
