HomeMarket NewsStocks NewsBrigade Enterprises launches ₹1,700-crore Altius residential project in Chennai's IT corridor
Strategically located in Sholinganallur, in the heart of Chennai's IT corridor, Brigade Altius will offer seamless connectivity to major business districts. Shares of Brigade Enterprises Limited ended at ₹962.70, down by ₹3.75, or 0.39%, on the BSE.
Realty firm Brigade Enterprises Ltd on Thursday (March 6) said it has launched Brigade Altius, a premium residential project in Sholinganallur, Chennai’s IT corridor.
Spanning 6.5 acres with a total development area of 1.4 million square feet, the project features three signature towers rising 43 floors each to a height of approximately 143 metres, making it one of the tallest developments in the area.
With a revenue potential of ₹1,700 crore, Brigade Altius is set to be a landmark residential offering. Strategically located in Sholinganallur, in the heart of Chennai's dynamic IT corridor, it will offer seamless connectivity to major business districts.
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One of the highest towers along the IT corridor, Brigade Altius offers residents panoramic views of the city and its surrounding landscapes. The apartments are unique in their design, with no shared walls between units, ensuring complete privacy.
The towers are connected by a sky bridge. The project also features 50,000 square feet of amenities, designed to cater to a wide range of recreational needs. Residents will have access to world-class amenities and leisure facilities set amid greenery.
Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said, "Our focus is on the three big South Indian markets of Bengaluru, Chennai and Hyderabad. Chennai is set to become our second-largest market after Bengaluru, and we aim to double our growth in the city across residential, commercial, retail and hospitality.”
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“We have developed the iconic World Trade Center Chennai and, more recently, launched Brigade Icon on Mount Road, our most premium offering. With the launch of Brigade Altius, we continue to strengthen our presence and commitment to Chennai’s growth," he pointed out.
Shares of Brigade Enterprises Limited ended at ₹962.70, down by ₹3.75, or 0.39%, on the BSE.
(Edited by : Shoma Bhattacharjee)