Brigade Enters Coimbatore with Rs 600 Crore Residential Project
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Brigade Enterprises announced its entry into Coimbatore with a 5.4-acre residential project in Saravanampatti through a Joint Development Agreement with the land owner. The estimated Gross Development Value is about Rs. 600 Crores. The project sits in Coimbatore's IT belt near SEZs, IT parks, and social infrastructure. This move strengthens Brigade's residential portfolio in South India. Brigade has been in Tamil Nadu for over a decade with about 16 million sqft of projects in pipeline in Chennai alone.
Expands South India footprint and adds about Rs 600 Cr to development pipeline via a capital-light JDA that limits upfront capital risk.