Brigade Group inks twin realty projects pact
Adding more projects to its portfolio in the realty sector, the Brigade Group has recently signed agreements for prime land parcels in Chennai and Bengaluru and will build real estate projects on both the cities. The agreement to purchase the Mount Road property in Chennai from the TVS Group company has a potential 1 million sq ft of mixed-use development comprising office, retail and residential. The Bengaluru joint development property located close to the international schools, near Sarjapur Road has a development potential of over 2 million sq ft. of residential apartments, CMD, Brigade Group, . M R Jaishankar, elaborating that the acquisition of both these properties in Chennai and Bengaluru are part of its growth strategy as it continues to focus on South India with emphasis on Bengaluru, Chennai and Hyderabad. In its entirety, the group has a pipeline of upcoming projects of 10 million sq ft. with key projects in Bengaluru, Hyderabad, and Chennai, he added.
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