Project Details
Brigade Enterprises Limited has entered Coimbatore with plans to launch a residential development through a Joint Development Agreement (JDA) with the land owner. The project specifics include:
- Location: Saravanampatti, Coimbatore
- Land Area: 5.4 acres
- Project Type: Residential development
- Development Model: Joint Development Agreement with land owner
- Gross Development Value (GDV): Approximately ₹600 crores
Strategic Positioning
The project is located in the heart of Coimbatore's IT belt, strategically positioned to take advantage of Coimbatore's key growth corridors. The location offers convenient access to:
- Major Special Economic Zones (SEZs)
- IT parks
- Educational institutions
- Retail malls
- Hospitals
Management Commentary
Pavitra Shankar, Managing Director of Brigade Enterprises Limited, commented: "Coimbatore has all the fundamentals of a high-growth real estate market: a diversified economy, a deep talent pool, strong social infrastructure and a robust pipeline of infrastructure investments. As the city continues to attract businesses, professionals and families, demand for quality real estate is set to accelerate. Our entry into Coimbatore is a strategic step in Brigade's growth journey across South India, and we are excited to bring our multi-domain development expertise to a market that is poised for its next phase of transformation."
Company's Presence in Tamil Nadu
Brigade Group has been present in Tamil Nadu for over a decade, building a strong presence across residential, commercial, retail, and hospitality sectors. Key completed developments include:
- World Trade Center Chennai
- Brigade Residences at World Trade Center Chennai
- Brigade Xanadu
- Brigade Vantage
- Holiday Inn Chennai OMR IT Expressway
The company has cumulatively about 16 million sqft of projects in the pipeline in Chennai.
Additional Information
The press release is hosted on the Company's website at www.brigadegroup.com. The disclosure was signed by P. Om Prakash (Om Prakash Palanimuthu), Company Secretary & Compliance Officer of Brigade Enterprises Limited.