Corporate News     12-Jun-24
Brigade Group launches premium mixed-use development project 'Brigade Icon' in Chennai

Brigade Group announced the launch of Brigade Icon Residences, part of an exquisite high-end mixed-use development located in the heart of Chennai's historic Mount Road. The company has planned an investment of over Rs 8,000 crore by 2030 in Chennai to expand its business in the city, with a strong pipeline of projects across the spectrum of residential, office, retail and hospitality for over 15 mn. sqft. The Gross Development Value (GDV) of the Residential Projects alone is estimated to be over Rs 13,000 crore.

Brigade Icon will be a mixed-use development, offering a blend of residential, retail, and office spaces, and will set a new benchmark in urban living. The project is designed by the globally renowned architect SOG Design based out of Singapore. The Residences will be G +38 floors, featuring three, four and five bed apartments from 2,500 sqft onwards and GDV will be over Rs 1800 crore. The design of Brigade Icon reflects the evolving cultural identity of the city, positioning the structure as a contemporary development that mirrors the rich heritage of Chennai.

In Chennai, Brigade Group has already completed over 5 mn sqft across residential, office, hospitality and retail real estate. Brigade's flagship project, World Trade Center Chennai in Perungudi, OMR is over 90% leased and houses marquee tenants. Brigade Group has a pipeline of over 15 mn sqft across all the segments, with the residential segment comprising over 12 mn sqft. In FY25, Brigade plans to launch over 3 mn sqft of residential projects and about 1 mn sqft of commercial development in Chennai.

Previous News
  Brigade Enterprises Ltd Spurts 9.83%, S&P BSE Realty Index index Rises 1.65%
 ( Hot Pursuit - 01-Dec-23   09:30 )
  Brigade Ent plans to invest Rs 8000 cr in Chennai by 2030
 ( Hot Pursuit - 12-Jun-24   14:54 )
  Mahindra Lifespace Developers Ltd Surges 3.72%
 ( Hot Pursuit - 22-Aug-23   09:30 )
  Brigade Enterprises allots 82,482 equity shares under ESOP
 ( Corporate News - 07-Nov-23   17:46 )
  Brigade Enterprises reports consolidated net profit of Rs 78.36 crore in the December 2021 quarter
 ( Results - Announcements 04-Feb-22   08:14 )
  Brigade Enterprises consolidated net profit rises 1376.49% in the March 2021 quarter
 ( Results - Announcements 18-May-21   17:56 )
  Brigade Ent spurts on plan to develop 3rd WTC tower at Infopark Kochi
 ( Hot Pursuit - 20-Jun-24   10:34 )
  Brigade Group signs joint development agreement with PVP Ventures
 ( Corporate News - 21-Feb-24   18:15 )
  Board of Brigade Enterprises recommends Interim Dividend
 ( Corporate News - 17-Mar-20   10:32 )
  Brigade Enterprises Limited: Long term rating upgraded to [ICRA]A+ (Stable) and short term rating reaffirmed at [ICRA]A1
 ( Press Releases - 02-Aug-21   14:18 )
  Brigade Enterprises standalone net profit rises 88.73% in the June 2018 quarter
 ( Results - Announcements 16-Aug-18   16:46 )
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