Real estate developer Brigade Enterprises Ltd has entered a Joint Development Agreement (JDA) valued at ₹1,000 crore for a premium residential development in West Chennai. The deal, announced on October 6, 2025, covers a 6.6-acre land parcel along a major arterial corridor.
Under the agreement, Brigade will develop the project with integrated residential spaces, lifestyle amenities, and ESG-aligned infrastructure, subject to regulatory approvals. The company aims to launch the development in 2026, with execution planned according to approvals and market conditions.
The Chennai project forms part of Brigade’s strategy to deepen presence in its key markets. Chennai is the company’s second-largest region, and the JDA is intended to reinforce its footprint there. According to the regulatory filing, the new development will benefit from excellent connectivity to Chennai’s industrial and peripheral business districts, supporting demand from end-users who prioritize accessibility.
In market reaction to the announcement, Brigade’s shares were trading at ₹891 on the National Stock Exchange, reflecting modest movement on the news. The company faces a broader challenge: while expansion is underway, Brigade’s stocks have recorded a decline of over 28% year-to-date.
The new Chennai project joins several major developments by Brigade across cities such as Bengaluru and Hyderabad, where the group has been actively launching and acquiring land for residential projects. Observers will track how effectively the company translates land acquisition and JDA deals into timely execution, quality delivery, and market uptake.
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