Brigade Group to develop land parcels in Chennai, Bengaluru

Brigade Group has signed agreements for prime land parcels in Chennai and Bengaluru, which have a total revenue potential of INR 4,000 crore in the next 4-5 years. The agreement to purchase the Mount Road property in Chennai from the TVS Group company has a potential 1 mn sq ft of mixed-use development comprising office, retail and residential units. The Bengaluru joint development property located near Sarjapur Road has a development potential of over 2 mn sq ft of residential apartments.