Brigade Group Expands Chennai Footprint with Prime 7-Acre OMR Mixed Development

The Bangalore-headquartered developer announced that they have secured a long-term lease arrangement for a strategically located 7-acre land parcel in Perungudi, situated along the prestigious Old Mahabalipuram Road (OMR) corridor in Chennai. The company revealed that this ambitious project will encompass over 1 million square feet of premium Grade A office space, complemented by a luxurious 225-key five-star deluxe hotel, creating an integrated mixed-use destination.

Development Specifications and Strategic Location

Brigade Group's leadership confirmed that the development will be positioned within Chennai's most dynamic technology and innovation corridor. The company emphasized that the Perungudi location offers exceptional connectivity to established IT parks, educational institutions, healthcare facilities, retail centers, and residential complexes.

Market Significance and Development Strategy

Industry analysts noted that the prime Chennai land acquisition reflects the increasing commercial real estate momentum in the Tharamani-OMR belt. The corridor has emerged as Chennai's premier destination for technology companies and mixed-use commercial developments.

The developer's strategic vision focuses on creating future-ready, high-value assets that contribute to enhancing the city's urban and commercial infrastructure. This integrated approach combining office towers with luxury hospitality facilities is designed to create a comprehensive ecosystem that serves multiple business and hospitality requirements within a single development.

Brigade's Chennai Portfolio Expansion

This latest initiative follows Brigade Group's previous Chennai presence expansion with significant residential projects. The company had earlier undertaken a residential development in South Chennai with a gross development value of approximately ₹2,100 crore, along with another housing project along Velachery Road valued at ₹441 crore.

The mixed-use development advantage positioned by Brigade Group creates a holistic business environment that integrates work spaces, premium accommodation, and upscale hospitality services in one strategically located setting. This approach aligns with the growing demand for India office real estate growth driven by technology and services sector expansion.

Disclaimer: This news article is based on publicly available information and company announcements. Real estate investments carry inherent risks, and readers are advised to conduct their own research and consult with qualified professionals before making any investment decisions. The information provided is for informational purposes only and should not be considered as investment advice.