Realty firm Brigade Enterprises is targeting a revenue of Rs 2,100 crore from its new housing project in Chennai. The company has launched a 14.7-acre project Brigade Morgan Heights, located along the Sholinganallur-Medavakkam road in Chennai, comprising 1,250 units.
The gross development value of this project is about Rs 2,100 crore, the company said in a regulatory filing on Saturday.
The project, which has a total development potential of 2.2 million (22 lakh) square feet, will be developed under a joint development agreement.
Pavitra Shankar, Managing Director, Brigade Enterprises Ltd., said, "Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high-quality residential developments in upcoming urban corridors."
Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City.
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