Realty firm Brigade Enterprises Limited on Friday (August 22) said it has signed a long-term lease agreement for a prime seven-acre site on Old Mahabalipuram Road (OMR), Chennai’s key commercial corridor, to develop a landmark mixed-use project.
The development will include over one million square feet of grade A office space along with a 5-star deluxe hotel offering around 225 keys. Positioned in the heart of Chennai’s IT and innovation hub, the project aims to address the rising demand for premium commercial infrastructure and hospitality experiences. Brigade said the project is planned as a destination development, integrating world-class office spaces with luxury hospitality facilities.
The development will be planned to maximise site efficiency to create a vibrant destination that supports business productivity and hospitality excellence. With its proximity to leading IT parks, research institutions, and transit infrastructure, the project is poised to become a flagship address for global enterprises and discerning travellers.
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Pradyumna Krishna Kumar, Executive Director, Brigade Enterprises, said, “Chennai continues to be a key component of our growth strategy, and this long-term lease underscores our commitment to strengthening our presence in the city’s most promising corridors. The TharamaniOMR belt has a fast-growing infrastructure thrust that offers unmatched connectivity and development potential, triggered by the significant presence of large technology companies, educational institutions, retail spaces and hospitals, apart from the large residential developments.”
Shares of Brigade Enterprises Limited ended at ₹961.40, down by ₹6.50 or 0.67%, on the BSE today (August 22).
Also Read: Brigade Enterprises Q1 Results | Net profit zooms 79% to ₹150 crore; real estate, leasing drive growth°≠