Corporate News 21-Feb-24
Brigade Group signs joint development agreement with PVP Ventures
For a residential and resort project in Chennai
Brigade Group has announced expansion plans in the residential and hospitality sectors in Chennai. The company has signed a joint development agreement with PVP Ventures to develop 2.5 million square feet, high- rise residential project, spread across 16 acres in the bustling neighbourhood of Perambur, Chennai with a revenue potential of about Rs 2000 crore. Brigade has also signed a 45-year lease agreement to build a 250-room resort on East Coast Road (ECR), and is in talks with leading hoteliers for management of operations.
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