Brigade Group Expands Bengaluru Presence with New ₹660 Crore Residential Project

Brigade Group, a leading Indian property developer, announced the signing of a definitive agreement for a prime land parcel on Old Madras Road, Bengaluru, on May 9, 2024. This strategic acquisition signifies the company’s continued commitment to growth within the city’s vibrant residential market.

Prime Location for High-Quality Development

The newly acquired land parcel encompasses a strategic location spanning 4.6 acres on Old Madras Road. This area is rapidly transforming into a sought-after residential hub, boasting improved infrastructure, excellent connectivity to key areas of the city, and exciting new development plans. Brigade Group plans to capitalise on these advantages by developing a high-quality residential project on the site. The project is envisioned to offer approximately 0.69 million square feet of saleable space, with a gross development value (GDV) estimated at ₹660 crore.

Adherence to Sustainability Principles

In line with Brigade Group’s core philosophy, the new project will be meticulously designed to deliver sustainable living spaces. The company is committed to creating eco-friendly developments that cater to the evolving needs of discerning homebuyers in Bengaluru’s dynamic urban landscape.

Bolstering a Robust Development Pipeline

This new acquisition strengthens Brigade Group’s presence in Bengaluru and adds to its healthy pipeline of residential projects across India. The company boasts a significant portfolio with upcoming launches encompassing an impressive 12.61 million square feet of residential space across Bengaluru, Chennai, and Hyderabad. This robust pipeline positions Brigade Group for continued success in the Indian real estate market.

“We are actively pursuing land acquisition opportunities in our target markets and continue to add high-quality assets to our land bank. This project is strategically located and contributes to our overall residential growth strategy. We will develop a residential property that will be executed keeping in mind customer preferences for quality and sustainability,” said Pavitra Shankar, Managing Director, Brigade Enterprises Limited.

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