Realty firm Brigade Group acquires 5.4 acres in Chennai for ₹441.7 crore

Brigade Enterprises acquires 5.41-acre land in Chennai's Velachery for ₹441.7 crore, strengthening its position in the city with a project worth ₹1,600 crore

Bengaluru-based real estate developer Brigade Enterprises has acquired 5.41 acres in Velachery, Chennai, for ₹441.7 crore, making the Tamil Nadu capital the company’s second-largest base. The land has a gross development value (GDV) of ₹1,600 crore and a project development potential of 0.8 million square feet.

 

Pavitra Shankar, managing director, Brigade Enterprises Limited, said: “Chennai has grown into our second-largest market after consistent and strategic investment in business development. This acquisition reinforces our commitment to expanding our footprint in the city with a focus on marquee land parcels in excellent locations.”

 

“Our aim is to address the strong demand for thoughtfully designed, high-quality residential spaces that resonate with the aspirations of modern consumers. Velachery’s prime location and connectivity make it an ideal choice for creating a vibrant community, aligning with our vision of delivering exceptional living experiences,” she added.

 

 

Strategically positioned, the project will offer seamless connectivity to both the IT corridor of OMR and the Central Business District (CBD).

 

Reshmi Panicker, executive director, land and residential services, Knight Frank India, commented: “Chennai has emerged as a strategic hotspot for leading South India-focused developers. This transaction highlights the increasing appetite for premium locations backed by strong infrastructure and long-term residential demand. The city is firmly on the radar for serious institutional capital and branded players, making a strong case for sustained residential investment.”

 

Other key developments by Brigade in the city include 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 project Brigade Icon on Mount Road. 

Brigade Group on Wednesday reported a consolidated net profit of Rs 249.35 crore in the fourth quarter of the financial year ended March 2025, up 15.4 per cent against the previous year. Net revenue for the quarter narrowed to Rs 1532 crore, down 15.03 per cent. 

 

Commenting on the company’s performance, Shankar said, “FY25 has been a landmark year for Brigade Group, with meaningful contributions across our businesses. The consistent demand has fuelled our expansion, and with a strong pipeline of 26 million square feet of ongoing projects and approximately 15 million square feet of upcoming developments, we are confident that we can maintain this momentum in the coming quarters as well.”

 

For the full year, net sales rose to Rs 7,847 crore compared to Rs 6,013 crore, a 31 per cent increase y-o-y. Total collections stood at Rs 7,250 crore during FY25, an increase of 23 per cent over FY24. Cash flow from operations in FY25 stood at Rs 2,135 crore, an increase of 36 per cent over FY24.  The EBITDA margin for FY25 stood at 31 per cent, amounting to Rs 1,654 crore, an increase of 21 per cent over FY24.  The Board has recommended a final dividend of Rs 2.5 per equity share (25 per cent) of Rs 10 each for the FY25.