April 15, 2024: Brigade Enterprises has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations to develop Brigade Tech Boulevard, a ‘Grade A’ office space on Pallavaram-Thoraipakkam Radial Road in Chennai. With an investment of around Rs 400 crore, the project will have a leasable area of 8.36 lakh square foot (sqft) and will spread across two towers. This will be the next commercial launch by Brigade Group after the successful completion of ‘World Trade Center’ on OMR.
Nirupa Shankar, joint managing director, Brigade Enterprises, said, “Chennai is a diverse office market with demand from not only IT and ITeS sector but also from several other industry verticals including engineering, automotive and banking, etc. Offices that conform to sustainability, with seamlessly integrated digital connectivity and A Grade office certification are in great demand. Brigade Tech Boulevard will be of world-class quality, with significant focus on sustainability, similar to all our commercial developments across cities. Given the pre-leasing commitments that Radial Road has had in the past, we are confident that the leasing momentum would increase further with this development.”
N Jayaprakash, chairman of Agni Estates & Foundations, said, “We have partnered with Brigade for this project given their business acumen on delivering good returns on investment. Their unparalleled focus on innovation and quality will certainly enhance the value of our asset, making it a preferred business address for the office occupiers.”
Since its inception, Brigade has completed 280+ buildings amounting to over 83 million square foot (msf) of developed space across the residential, commercial, retail, hospitality and education sectors. The company’s most recent developments include the Holiday Inn Hotel and Brigade Xanadu Residential township.
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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