Brigade Enterprises Ltd. saw its shares surge over 2% in early morning trade following the announcement of a Joint Development Agreement (JDA) to launch a premium residential project in West Chennai. The 6.6-acre development is estimated to have a Gross Development Value (GDV) of ₹1,000 crore.
Strategically located along a key arterial corridor, the site offers excellent connectivity to Chennai’s industrial hubs and peripheral business districts. The upcoming project will feature thoughtfully designed apartments, modern lifestyle amenities, and ESG-compliant infrastructure, subject to regulatory approvals. The launch is expected in 2026.
“Chennai is our second-largest market, and this joint venture strengthens our presence and expands our portfolio in the city,” said Ms. Pavitra Shankar, Managing Director of Brigade Enterprises. She highlighted that Chennai’s real estate market is supported by robust infrastructure growth and sustained demand from both end-users and investors.
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