Realty firm Brigade Enterprises Ltd has officially launched its first housing project in Coimbatore for sale with an estimated total revenue potential of ₹600 crore. According to the latest regulatory filing, the company will build a 5.4-acre residential project in Saravanampatti, Coimbatore, through a Joint Development Agreement (JDA). The project is strategically located within Coimbatore's IT belt and offers convenient access to major Special Economic Zones (SEZs), IT parks and social infrastructure including educational institutions, retail malls and hospitals.
The Coimbatore project is surrounded by social infrastructure including educational institutions, retail malls and hospitals. As reported by Brigade Enterprises, Pavitra Shankar, Managing Director emphasized that 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. She noted that as the city continues to attract businesses, professionals and families, demand for quality real estate is set to accelerate. Shankar stated that "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."
According to Brigade Group, the company has been present in Tamil Nadu for over a decade, building a strong presence across residential, commercial, retail, and hospitality sectors. Some of the key completed developments include the World Trade Center Chennai, Brigade Residences at World Trade Center Chennai, Brigade Xanadu, Brigade Vantage, and Holiday Inn Chennai OMR IT Expressway. The group has cumulatively about 16 million sq. ft. of projects in the pipeline in Chennai. This latest Coimbatore project represents Brigade's continued expansion strategy in the South Indian market.
According to company statements, Brigade Group has been actively expanding its development pipeline across multiple cities. In July 2026, the company acquired a 2-acre land parcel on Kanakapura Road through an outright purchase, planning to develop a premium residential project with an estimated Gross Development Value (GDV) of around ₹400 crore. In May 2026, Brigade Group signed a Joint Development Agreement to develop a residential project on a 5.6-acre land parcel in Kompally area of Hyderabad, with an estimated revenue potential of ₹850 crores. Similarly, in April 2026, the company acquired a 5.72-acre land parcel in Hyderabad through a recent auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), with the land acquired at ₹44 crore per acre in Osman Nagar, excluding registration costs.
According to the latest financial results, Brigade Enterprises reported a 37.3% YoY rise in consolidated net profit to ₹216.94 crore in Q1 FY27, despite total income falling 11.5% to ₹1,179.22 crore. The company's strong operational margins expanded during this period, demonstrating effective cost management and operational efficiency. During the same quarter, Brigade signed a JDA for a ₹2,500 crore GDV residential project in East Bengaluru and leased 1.62 lakh sq ft of office space in Thiruvananthapuram to US-based HealthEdge.
According to CNBC TV18, shares of Brigade Enterprises Ltd ended at ₹655.90, up by ₹12.80, or 1.99%, on the BSE following the announcement. 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.
