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The Environment Clearance for Brigade Morgan Heights in Chennai has been revoked

ICICIdirect Research 19 Jun 2026 DISCLAIMER

News: The Environment Clearance for Brigade Morgan Heights (BMH), in Chennai has been revoked. BMH has total sales potential of 2 msf of which phase 1 with 1msf was launched in Q1FY26 and later paused when petition filed in Madras High Court. It planned to launch phase 2 in Q1/Q2FY27 however that is now delayed until definitive clarity. Brigade had entered a JDA with the landowners in 2022 for the project. The company has said it will appeal against order

View: The company had launched 1mn sqft in Morgan Heights in Q1FY26 and had suspended sales post the petition done in Madras High Court. The project has Phase 2 of another 1mn sqft that it would have launched in June / July. Based on the current status, it will continue to defer the sales and launch there for the time being. From the FY27 pre-sales guidance perspective, the ₹9000 crore number should not be impacted as there are other launches and projects that have inventory to cover for any shortfall as per management

Impact: Neutral

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