“We would like to inform you that Brigade Group has announced its entry into Coimbatore with plans to launch a residential development spread across a land area of 5.4 acres in Saravanampatti, through a Joint Development
with the land owner. The estimated Gross Development Value (GDV) is approximately Rs 600 crores,” according to a stock exchange filing
The project is being undertaken through a Joint Development Agreement (JDA) with the landowner and has an estimated Gross Development Value (GDV) of approximately ₹600 crore.
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The project is located in Coimbatore’s IT belt and is positioned to benefit from access to key growth corridors, major Special Economic Zones (SEZs), IT parks and social infrastructure.
The surrounding social infrastructure includes educational institutions, retail malls and hospitals. Brigade Enterprises said the Coimbatore project further strengthens its residential portfolio in South India.
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.
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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.”
In August this year, Pavitra Shankar, MD of Brigade Enterprises, said the company remains confident of achieving its ₹9,000 crore 2026-27 (FY27) pre-sales target, despite a muted first quarter and delays in project approvals.
The company expects a stronger launch pipeline from the July-September quarter of 2026 (Q2FY27) onwards, with around 1.5 million square feet of launches that were deferred from the last quarter expected to come through during the rest of the year.
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Brigade continues to target 12 million square feet of launches and a gross development value of around ₹11,900 crore for FY27. While regulatory delays remain a concern, the pending approvals are likely to be resolved and the deferred launches to be brought into the current financial year.
Brigade Group has been present in Tamil Nadu for over a decade, building a strong presence across residential, commercial, retail, and hospitality sectors.
Key completed developments such as the World Trade Center Chennai, Brigade Residences at World Trade Center Chennai, Brigade Xanadu, Brigade Vantage, and Holiday Inn Chennai OMR IT Expressway have helped establish Brigade as a trusted brand in the state.
Brigade Group has cumulatively about 16 million square feet of projects in the pipeline in Chennai.
Shares of Brigade Enterprises Ltd ended at ₹655.90, up by ₹12.80, or 1.99%, on the BSE.
