Brigade Group has launched the Zenith Tower of Brigade Residences at World Trade Centre, Chennai. This is the second tower after Astra, which was launched in 2019.
Brigade has already received 30% pre-launch booking for Zenith, which features 149 units of three-bedroom homes and four-bedroom penthouses spread over 26 floors. Overlooking the Perungudi lake on the Western flank and an unhindered view of the sea on the Eastern side, Zenith boasts of spectacular design and sweeping architectural grandeur.
Brigade Enterprises at World Trade Centre, Chennai is replete with a tastefully appointed clubhouse and a covered swimming pool, tucked away under the clubhouse.
Brigade will continue to focus on the South Indian market, and is aiming to increase the contribution of Chennai and Hyderabad markets in its overall portfolio. This investment will be in residential, commercial, hospitality and retail verticals of the group. With the existing 2 million sqft of commercial space, Brigade plans to complete 3 million square feet in residential space, with an additional investment of approximately Rs 2000 crore in the next 3-5 years in Chennai.
“The demand in the premium residential market in Chennai has witnessed a sharp increase, with a change in the demographics where younger couples are looking to invest in residences. The aspirational value of homes and community living has definitely increased. We have already identified land parcels in the city and will be planning to develop an additional one million square feet each in residential and commercial spaces over the next 3-5 years in Chennai.
Last month, we celebrated our 35th anniversary. We would like to thank all our customers, investors and well-wishers for the trust they have placed in Brigade over the years. We stand committed to our mission, vision and values which has brought us to where we are today” said Hrishikesh Nair, COO – Chennai Operations, Brigade Enterprises.
At around 11:46 AM, Brigade Enterprises was trading at Rs480.85 apiece down by Rs12.8 or 2.59% on the BSE.