India, Aug. 22 -- Bengaluru-based real estate developer Brigade Group has signed a lease agreement for a 7-acre prime site in Chennai to develop a mix-development project, the company said in a regulatory filing.

The company will develop the site into a mixed-use destination featuring over 1 million sq ft of Grade A office space along with a 225-key 5-star deluxe hotel. The space is located on Old Mahabalipuram Road (OMR), one of Chennai's most prominent commercial corridors.

The project is strategically located in Tharamani-OMR belt, a corridor that has emerged as Chennai's IT and innovation hub with the presence of global technology firms, leading educational institutions, hospitals, retail centres, and large residential developments....