Real Estate Developer in South India Launches Rs 1,700 Crore Residential Project in Chennai
The stock price of Brigade Enterprises Ltd is trading near its 52-week low of Rs 685 per share.
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Brigade Enterprises Ltd has announced the launch of Brigade Stellaris, a premium residential project situated on a 5.19-acre prime land parcel on Velachery Road, Chennai. The development features an exclusive collection of "Signature Residences" designed to offer world-class amenities alongside modern functionality.
With an estimated Gross Development Value (GDV) of Rs 1,700 Crores, Brigade Stellaris is strategically positioned to connect Chennai’s Central Business District (CBD) with the rapidly growing IT Corridor of Old Mahabalipuram Road (OMR). The project aims to cater to urban professionals and families seeking luxury living in close proximity to major commercial hubs.
Managing Director Pavitra Shankar stated that the launch of Brigade Stellaris is a "definitive step" in the company’s mission to transform the Chennai skyline while elevating urban living standards. The project integrates sustainable design principles with high-end architecture, ensuring a premium lifestyle experience.
Brigade Stellaris underscores the company’s focus on blending luxury, functionality, and sustainability, positioning itself as a landmark residential destination in Chennai.
Brigade Enterprises Ltd was established in 1986. It is a Real Estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi
The stock price of Brigade Enterprises Ltd is trading near its 52-week low of Rs 685 per share.
Disclaimer: The article is for informational purposes only and not investment advice.