Brigade Group Buys Land In Velachery, Chennai For ₹441.7 Crore: New Housing Project Coming Soon
Brigade Group, a leading real estate developer from Bengaluru, has bought a 5.41-acre land parcel in Velachery, Chennai, for ₹441.7 crore. The company plans to build a premium housing project on the site, with a total value of around ₹1,600 crore. This marks a major step in Brigade's expansion in Chennai, which has now become its second-largest market after Bengaluru.
Just like Prestige Pallavaram Gardens on Pallavaram-Thuraipakkam Road, this new project is expected to benefit from strong demand in South Chennai's growing neighborhoods.
Velachery is one of Chennai's most popular and fast-growing areas. It is close to major IT parks like Tidel Park and Ascendas IT Park, and is well connected to the Old Mahabalipuram Road (OMR) and the Central Business District (CBD). People living here have easy access to buses, trains, and the Velachery MRTS station.
The area also has top schools, hospitals, shopping malls like Phoenix MarketCity, and restaurants. That makes it perfect for families, professionals, and anyone looking for good quality living.
Brigade plans to build a premium residential apartment complex on this land. The project is expected to include:
- 3 BHK, 4 BHK, and possibly 5 BHK apartments
- Modern amenities like swimming pools, gym, clubhouse, children's play areas, and 24/7 security
- Total built-up space of around 8 lakh square feet
- A total project value (GDV) of around ₹1,600 crore
The project will likely have a modern, stylish design with Vaastu-compliant layouts, making it attractive to homebuyers who want comfort and tradition together.
This land deal fits into Brigade's larger plans for Chennai. The company wants to develop about 15 million square feet of real estate here by 2030. This includes homes, offices, shops, and hotels. The residential portion alone is expected to be over 12 million square feet, with a value of more than ₹13,000 crore.
Other Brigade projects in Chennai include:
- Brigade World Trade Centre and Tech Boulevard
- Brigade Altius in Sholinganallur (6.5 acres)
- Brigade Xanadu in Mogappair (33-acre township)
- Brigade Icon on Mount Road (a mixed-use project)
This new Velachery project will add to that list and help Brigade grow its presence in the city.
Experts believe this deal shows that top developers are confident about Chennai's future. Big investments like this suggest that people see Chennai as a great place to live and work. Locations like Velachery and Pallavaram are becoming real estate hotspots due to their strong infrastructure and job hubs nearby.
Velachery, like the area around Prestige Pallavaram Gardens in Pallavaram, is attracting people who want well-connected homes close to their offices. With ongoing metro and road upgrades, both areas are becoming top picks for new projects.
Brigade's land purchase in Velachery is more than just another project—it's a sign of Chennai's growing value in the real estate world. If you're a homebuyer or investor looking at South Chennai, projects like this and Prestige Pallavaram Gardens show how quickly the city is growing. The time to explore these upcoming opportunities might just be now.
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