BRIGADE GROUP ACQUIRES PRIME LAND PARCEL ON VELACHERY ROAD

The project has gross value of around Rs. 1,600 Crore

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Brigade Enterprises, the flagship company of Brigade Group, 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, this acquisition is part of Brigade Group's planned expansion in the Chennai market. The project will have a gross development value (GDV) of approximately Rs. 1,600 Crore, with a development potential of about 0.8 million square feet. The transaction value of