India, Feb. 27 -- Bengaluru-based real estate developer Brigade Group has announced the launch of a housing project in Chennai with an estimated Gross Development Value (GDV) of approximately Rs.1,700 crore, the company said in a regulatory filing.

The project, Brigade Stellaris, is being developed on a 5.19-acre land parcel owned by the company on Velachery Road.

The development connects Chennai's Central Business District (CBD) with the IT corridor along Old Mahabalipuram Road (OMR). Brigade Stellaris aims to cater to urban professionals and families seeking proximity to workplaces, the company said.

Pavitra Shankar, Managing Director of Brigade Enterprises Limited, said the project aligns with the group's long-term vision for Chenna...