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Brigade Enterprises to invest Rs 400 cr for office complex in Chennai

Tuesday, 16 Apr 2024
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Brigade Enterprises will invest Rs 400 crore to build an office complex in Chennai. For this, the real estate firm has entered into a joint development agreement (JDA) with Agni Estates & Foundations to develop 'Brigade Tech Boulevard', a 'Grade A' office space on Pallavaram-Thoraipakkam Radial Road, in Chennai.

The project will have a leasable area of 8.36 lakh sq. ft. spread across two towers. This will be the next commercial project launched by Brigade Group after the successful completion of the 'World Trade Centre' on OMR.

Chennai is a diverse office market, and apart from IT and ITeS sector, it also sees demand from several other industry verticals including engineering, automotive and banking.  With the focus on sustainability, integrated digital connectivity and A-Grade office certification, as well as the pre-leasing commitments, the momentum will increase further with this development,"

For Agni Estates & Foundations,  the partnership with Brigade for this project will help deliver good returns on investment. Brigade Group has developed many projects across South India, namely 'Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram, and is active in residential, office, retail, hospitality, and education segments. 

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