Brigade Group Buys ₹441.7 Cr Land Parcel in Chennai’s Velachery for ₹1,600 Cr Project

Bengaluru realty firm Brigade Enterprises bought a 5.41-acre plot in Velachery, Chennai, for ₹441.7 crore. The ₹1,600 crore GDV project will introduce another 0.8 million sq. ft. of luxury residential space into the realty market in the city.

The takeover solidifies Chennai as Brigade’s second-largest market after its hometown base in Bengaluru. “We have been consistently and strategically investing in Chennai,” said Pavitra Shankar, Managing Director, Brigade Enterprises. “This acquisition reiterates our commitment to marquee locations in Chennai.”.Velachery’s connectivity and location make it ideal for a vibrant residential community,” she said.

The planned project will be well-connected to the OMR IT corridor and Chennai’s Central Business District (CBD), making it a strategic choice for both working professionals and families. Brigade is betting big on the rising demand for premium residential spaces in the city.

“Chennai is a strategic hotspot for South India-focused developers,” said Reshmi Panicker, Executive Director, Land and Residential Services, Knight Frank India. “This deal reflects growing investor confidence in premium locations backed by infrastructure and sustained residential demand. The city is firmly on the radar for institutional capital and branded developers.”

Brigade already has a strong presence in Chennai with projects like Brigade World Trade Centre and Tech Boulevard, the 6.5-acre Brigade Altius in Sholinganallur, the 33-acre township Brigade Xanadu in Mogappair, and the mixed-use Brigade Icon on Mount Road.

The latest land acquisition adds momentum to Chennai’s real estate growth, particularly in well-connected suburbs like Velachery which are fast emerging as residential hubs.