Brigade Enterprises Launches ₹1700 Crore Project in Chennai
Filing Summary
Brigade Enterprises Ltd has launched a new residential project, “Brigade Stellaris,” in Chennai. The development is situated on a 5.19-acre land parcel on Velachery Road, owned by the company. The project has an estimated Gross Development Value (GDV) of approximately ₹1,700 Crores. This project is strategically located to connect Chennai’s Central Business District and the IT Corridor of Old Mahabalipuram Road. The project will feature “Signature Residences” with modern amenities. This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Brigade Enterprises Ltd has announced the launch of its new residential project, Brigade Stellaris, in Chennai. The project is located on a 5.19-acre land parcel on Velachery Road, which is owned by the company. The estimated Gross Development Value (GDV) of the project is approximately ₹1,700 Crores.
The project is strategically positioned to connect Chennai’s Central Business District and the rapidly growing IT Corridor of Old Mahabalipuram Road. The development will feature an exclusive collection of “Signature Residences,” focusing on modern functionality and world-class amenities.
This disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also released a press statement regarding this launch, which is available on its official website.
The project aims to integrate sustainable design with high-end architecture, providing a residential option for urban professionals and families who prioritize luxury and proximity to major employment and commercial hubs.
Brigade Enterprises Ltd, established in 1986, is a leading property developer in India. The company has developed numerous landmark buildings and transformed skylines across various cities, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City. Brigade’s developments span across residential, office, retail, hospitality, and education sectors.