Brigade Group has signed agreements for prime land parcels in Chennai and Bengaluru, the company announced in a press release. These deals have a total potential revenue of Rs 4,000 crore over the next 4-5 years.
A million sq ft of office, retail, and residential space might be developed under the agreement to buy the Mount Road property in Chennai from the TVS Group company.
The joint development land in Bengaluru, which is close to Sarjapur Road and international schools, has a residential apartment building potential of over 2 million sq ft.
M R Jaishankar, CMD of the company said, “The acquisition of both these properties in Chennai and Bengaluru are part of our growth strategy as we continue to focus on South India with emphasis on Bengaluru, Chennai and Hyderabad.”
Brigade Group has a pipeline of upcoming projects of 10 million sq ft. with key projects in Bengaluru, Hyderabad, and Chennai.
