Brigade Enterprises Announces Rs 400 Crore Investment in Chennai Office Complex
Leading realty firm Brigade Enterprises Ltd revealed plans for a Rs 400 crore investment in constructing an office complex in Chennai. In collaboration with Agni Estates & Foundations Pvt Ltd, Brigade will develop’s Brigade Tech Boulevard, a Grade A office space situated on Pallavaram- Thoraipakkam Radial Road.
This new venture, comprising two towers and spanning 8.36 lakh square feet of leasable area, marks Brigade Group’s next commercial endeavor following the successful completion of the World Trade Centre on OMR.
Nirupa Shankar, Joint Managing Director of Brigade Enterprises, emphasized Chennai’s diverse office market, catering not only to the IT and ITeS sectors but also to engineering, automotive, and banking industries. She highlighted the growing demand for sustainable offices with integrated digital connectivity and A Grade certification. Agni Estates & Foundations Chairman R N Jayaprakash expressed confidence in the partnership with Brigade, citing their track record of delivering strong returns on investment.
Brigade Group, a prominent player in India’s real estate sector since 1986, has developed numerous projects across South India, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram. With expertise spanning residential, office, retail, hospitality, and education segments, Brigade has completed over 280 buildings, totaling more than 83 million square feet of developed space.