Brigade Enterprises Limited has informed the Exchange regarding a press release dated Jun 21, 2025, titled "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 across three towers, offering 2, 3, and 4 BHK apartments of up to 2,599 sq ft. It has a total development potential of 2.2 million sq ft and a gross development value (GDV) of approximately ₹2,100 crores. The project is being developed under a Joint Development Agreement (JDA) and is positioned near IT hubs such as Elcot IT Park, Wipro, and Cognizant. Amenities include a 40,000 sq ft clubhouse, sports facilities, solar panels, rainwater harvesting, and co-working spaces.
This ₹2,100 crore project launch strengthens Brigade's pipeline in the Chennai market and adds meaningful future revenue visibility through the JDA model, though the GDV will be realized over several years. It signals continued expansion in southern India but is unlikely to cause an immediate stock price reaction beyond reinforcing the company's growth trajectory.