Brigade eyes Rs 2,100 cr from housing project in Chennai

CHENNAI, MAY 12: 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 11.5-acre project - Brigade Horizon Heights located along the OMR-Sholinganallur IT-corridor road in Chennai, comprising 1,250 units.

The gross development val-ue of this project is about Rs 2,100 crore, the company has said in a regulatory filing.

The project, which has a total development potential of 2.8 million sq ft of residential space, will be developed as a joint development agreement (JDA).

Pavitra Shankar, MD, Bri-gade Enterprises, said, "Chennai continues to be a vital market for Brigade Group and this expansion aligns with our vision of delivering high-quality residential devel-opments in especially select locations."

Established in 1986, Bri-gade Group is a leading prop-erty developer with headquar-ters in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City.