Brigade Enterprises Limited has informed the Exchange regarding 'Material Information Brigade Group Launches Morgan Heights, a Residential Project in Chennai'.
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Brigade Enterprises has launched a new residential project called Brigade Morgan Heights in Chennai, located on the Sholinganallur-Medavakkam road. The project spans 14.7 acres and will have 1,250 units of 2, 3, and 4 BHK apartments across three towers, with a total development potential of 2.2 million square feet. The gross development value (GDV) is approximately ₹2,100 crores. The project will be developed under a Joint Development Agreement (JDA) and is strategically located near an upcoming metro station and major IT hubs in Chennai. Amenities include a 40,000 sq. ft. clubhouse, sports facilities, and eco-friendly features like solar panels and rainwater harvesting.
This expansion strengthens Brigade's presence in the Chennai residential market and adds a significant ₹2,100 crore project to its pipeline, which should support future revenue and pre-sales growth. For shareholders, this signals continued business expansion, though the actual financial impact will depend on sales velocity and project execution over the coming years.