Brigade Enterprises to Develop ₹620-Crore High-Rise Residential Project in Perambur

Bengaluru-based real estate giant Brigade Enterprises has announced its plans to develop a high-rise residential project in the vibrant Perambur area of Chennai. The project, which is expected to cost around ₹620 crore, is set to be one of the most prominent residential developments in the city. The company has acquired the land from PVP Ventures, marking yet another milestone in Brigade’s ambitious expansion plans in Tamil Nadu’s capital.

The new development will consist of five towering residential buildings, housing a total of 1,368 dwelling units. The project’s total built-up area will span approximately 3.38 lakh square meters, with the available land area covering 59,531 square meters. This large-scale project is expected to cater to the growing demand for premium housing in Chennai’s rapidly developing urban landscape.

Prime Location and Strategic Investment  

Perambur, where this new residential complex will be situated, is increasingly becoming one of Chennai’s real estate hotspots. The area’s central location and improved infrastructure have attracted significant interest from both developers and homebuyers. Brigade’s decision to invest in this locality is a strategic one, as the area is poised for rapid growth due to its proximity to major transportation hubs and the presence of reputable schools, hospitals, and commercial centers.

Brigade’s upcoming project in Perambur is expected to provide modern amenities and a range of apartment configurations, making it appealing to a broad spectrum of homebuyers, from young professionals to growing families. This will further enhance Perambur’s status as a prime residential destination within the city.

Brigade’s Expanding Chennai Portfolio  

The Perambur project is part of Brigade Enterprises’ larger strategy to strengthen its foothold in Chennai’s thriving real estate market. The company has already established a strong presence in the city, with a portfolio that spans multiple sectors, including residential, retail, office, and hospitality. In total, Brigade holds around 125 acres of land in Chennai, with a development potential of approximately 17 million square feet.

In addition to the Perambur development, Brigade is currently working on another major project in Velachery, which is estimated to cost nearly ₹600 crore. This residential project will be built on land previously occupied by Raptakos, Brett & Company, a facility that has been inactive for several years. The site’s strategic location between Phoenix Mall and Westside makes it an attractive spot for high-rise group development, according to sources.

Velachery, much like Perambur, is a rapidly developing residential area. The presence of high-end shopping malls, well-established schools, and convenient transport links has turned the neighborhood into a highly desirable location for both homebuyers and developers. Brigade’s investment in these areas reflects the company’s confidence in the future growth of Chennai’s real estate market.

Chennai’s Growing Residential Sector  

Over the past few years, Chennai has seen significant growth in its real estate sector, driven by infrastructure improvements and increased demand for housing. Perambur, in particular, has become a focal point for new residential projects, with several major developers, including Baashyam, Casa Grand, and SPR, already establishing a strong presence in the area. The entry of Brigade Enterprises into Perambur with a project of this scale reinforces the area’s potential as a key residential hub.

Developers are drawn to Perambur not only because of its central location but also due to its connectivity to major parts of the city. The area boasts excellent transport links, including the Chennai Central and Egmore railway stations, which are just a short drive away. The upcoming metro expansion is expected to further boost the appeal of Perambur, making it a well-connected and accessible neighborhood for residents.

Brigade’s Diverse Projects in Chennai  

Brigade Enterprises’ involvement in Chennai is not limited to residential projects. The company has been active across various sectors, with several successful developments already delivered or in progress. Some of Brigade’s notable projects in the city include:

- Brigade Vantage – A premier retail space.

- World Trade Centre, Chennai – A state-of-the-art office complex.

- Brigade Residences at WTC – A luxurious residential development.

- Holiday Inn – A key hospitality project in the city.

- Brigade Xanadu – A premium residential project offering a wide range of amenities.

- Brigade Icon – A mixed-use development that was recently launched.

With its diverse portfolio, Brigade Enterprises has cemented its position as one of Chennai’s leading developers. The company’s projects are known for their high-quality construction, modern designs, and customer-centric approach, which have helped it build a strong reputation in the market.

Brigade Enterprises' upcoming high-rise project in Perambur is set to contribute significantly to the city’s evolving residential landscape. With a focus on providing premium housing options in prime locations, Brigade is well-positioned to meet the rising demand for quality homes in Chennai.