Brigade Enterprises Limited has informed the Exchange regarding a press release dated August 22, 2025, titled "Brigade Enterprises Limited Signs Strategic Long-Term Lease for Mixed-Use Development in Chennai".
BRIGADE · price
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Brigade Enterprises has signed a long-term lease for a 7-acre prime site on Old Mahabalipuram Road (OMR) in Chennai, one of the city's key commercial corridors. The site will be developed into a mixed-use project featuring over 1 million square feet of Grade A office space and a 5 Star Deluxe Hotel with about 225 rooms. The location is in the Tharamani-OMR belt, an IT and innovation hub with strong connectivity and presence of large technology companies. The company described this as part of its continued strategy to expand its footprint in Chennai with high-value developments.
This adds a sizeable new project to Brigade's pipeline, strengthening its presence in the high-growth Chennai market across office and hospitality segments. For shareholders, it signals continued business expansion and potential future revenue from leasing and hotel operations, though financial details such as investment size and revenue contribution were not disclosed.