Mumbai: Brigade Enterprises Limited is set to enter Coimbatore’s residential real estate market with a proposed development in Saravanampatti, marking the company’s expansion into a new market in Tamil Nadu.
The residential project will come up on 5.4 acres of land under a Joint Development Agreement (JDA) and is expected to have a Gross Development Value (GDV) of approximately ₹600 crores. The project is located in Saravanampatti, within Coimbatore’s IT belt, with access to major Special Economic Zones (SEZs), IT parks and social infrastructure, including educational institutions, retail malls and hospitals.
Also Read: Why Mature Residential Markets Are Becoming More Attractive to Commercial Occupiers
The entry into Coimbatore expands Brigade’s residential portfolio in South India and adds a new market to its presence in Tamil Nadu.
Commenting on the development, Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, “Coimbatore has all the fundamentals of a high-growth real estate market: a diversified economy, a deep talent pool, strong social infrastructure and a robust pipeline of infrastructure investments. As the city continues to attract businesses, professionals and families, demand for quality real estate is set to accelerate. Our entry into Coimbatore is a strategic step in Brigade’s growth journey across South India, and we are excited to bring our multi-domain development expertise to a market that is poised for its next phase of transformation.”
Brigade Group has had a presence in Tamil Nadu for more than a decade, with developments spanning residential, commercial, retail and hospitality segments. Its completed projects in the state include World Trade Center Chennai, Brigade Residences at World Trade Center Chennai, Brigade Xanadu, Brigade Vantage and Holiday Inn Chennai OMR IT Expressway.
The company currently has about 16 million sqft of projects in the pipeline in Chennai, adding to its established presence in the Tamil Nadu real estate market.
Also Read: Mumbai 2035: Reimagining the City’s Housing Landscape
