Brigade Group Acquires Prime Land on Velachery Road for Premium Residential Development

Chennai/Bengaluru May 14, 2025: Brigade Enterprises Limited, the flagship Company of Brigade Group, one of the country’s leading property developers, has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase.

Situated in the prime location of Velachery and adjacent to Phoenix Market City, the acquisition is part of Brigade Group’s planned expansion in the Chennai market.  The project will have a gross development value of approximately INR 1,600 crore with a development potential of about 0.8 million square feet. The transaction value of the acquisition is about INR 441.70 crore.

Strategically positioned, the project will offer seamless connectivity to both the IT Corridor of OMR, and the Central Business District, making it an ideal choice for those seeking convenience and accessibility.

Brigade Group’s commitment to quality and innovation will be reflected in the signature residences that seamlessly blend aesthetics, functionality and sustainability. Residents will also enjoy a host of premium amenities.

Pavitra Shankar, MD, Brigade Enterprises Limited said, “Chennai has grown into our second largest market after consistent and strategic investment in business development. This acquisition reinforces our commitment to expanding our footprint in the city with a focus on marquee land parcels in excellent locations.”

She added, “Our aim is to address the strong demand for thoughtfully designed high-quality residential spaces that resonate with the aspirations of modern consumers. Velachery’s prime location and connectivity make it an ideal choice for creating a vibrant community, aligning with our vision of delivering exceptional living experiences.”