Brigade Group Signs JDA for Premium Residential Development in West Chennai

Brigade Enterprises Limited, one of India's leading real estate developers, has signed a Joint Development Agreement (JDA) for a prime 6.6-acre land parcel located in West Chennai. The estimated Gross Development Value (GDV) of the project is ₹1,000 crore, and it is poised to deliver a premium residential project that caters to the city's evolving urban aspirations. Strategically situated on a major arterial corridor, the site offers seamless connectivity to Chennai's industrial and peripheral business districts, making it ideal for an integrated, future-ready community.

Commenting on the agreement, Ms. Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Chennai is our second-largest market, and this joint venture is a key step in deepening our presence and expanding our portfolio in the city. Chennai's real estate market is on a strong growth trajectory, driven by robust infrastructure and sustained demand from both end-users and investors. This new residential development reinforces our goal of securing marquee land parcels in prime locations to deliver integrated, high-quality projects that meet the demands of Chennai's discerning homebuyers."

The project will be developed by Brigade and will feature thoughtfully designed apartments, lifestyle amenities, and ESG-aligned infrastructure and is expected to be launched in 2026, subject to regulatory approvals.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 891.80 as compared to the previous close of Rs. 896.30. The total number of shares traded during the day was 72889 in over 1058 trades.

The stock hit an intraday high of Rs. 905.05 and intraday low of 883.70. The net turnover during the day was Rs. 64748894.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty JDA JointDevelopmentAgreement WestChennai PremiumResidentialDevelopment