Brigade Enterprises Acquires 5.41-Acre Land Parcel in Chennai for ₹4.42 Billion, Targets Project GDV of ₹16 Billion

Updated: May 14, 2025 16:19

Image Source: Upstox

Brigade Enterprises Ltd has announced the acquisition of a prime 5.41-acre land parcel in Chennai, marking a significant expansion of its residential portfolio in South India. The deal, valued at ₹4.42 billion, underlines Brigade’s aggressive growth strategy and commitment to delivering premium real estate developments in key urban markets.

Key Highlights:

Strategic Land Acquisition: Brigade Enterprises has secured a 5.41-acre land parcel in Chennai, further strengthening its presence in the city’s rapidly growing real estate market.
Deal Value: The acquisition is valued at ₹4.42 billion, reflecting Brigade’s confidence in the long-term potential of the Chennai property market.
Ambitious Project GDV: The company projects a Gross Development Value (GDV) of approximately ₹16 billion for the development planned on this land, signaling a major addition to its pipeline of high-value projects.
Development Plans: Brigade intends to develop a premium residential project on the newly acquired land, featuring state-of-the-art amenities and high-end specifications to cater to modern urban families.
Track Record and Expansion: The acquisition aligns with Brigade’s strategy of expanding its footprint across major South Indian cities, following recent high-profile acquisitions and successful project launches in Bengaluru and other metros.
Financial Performance: Brigade Enterprises continues to report robust financial results, with recent quarters showing strong revenue growth and profitability, further enabling such strategic investments.

This acquisition is expected to set new benchmarks in Chennai’s residential real estate sector and reinforces Brigade Enterprises’ position as a leading developer in South India.

Source: Business Standard, The Hindu BusinessLine