Brigade Enterprises Expands in Bengaluru with Major Land Acquisition

Brigade Enterprises has acquired 20 acres on Whitefield-Hoskote Road, Bengaluru, for Rs 630 crore to develop a residential project. The project will span 2.5 million sq ft with a GDV of Rs 2700 crore. The acquisition supports their expansion strategy in key markets.

Real estate giant Brigade Enterprises has announced the acquisition of a 20-acre land parcel on Whitefield-Hoskote Road in Bengaluru for approximately Rs 630 crore. According to the company's regulatory filing, this acquisition is part of a definitive agreement to develop an expansive residential project.

The new housing project will encompass a total saleable area of around 2.5 million square feet, with a projected Gross Development Value (GDV) of about Rs 2700 crore. This strategic purchase aligns with Brigade's continuing commitment to securing prime land plots to bolster their market presence.

Managing Director of Brigade Enterprises Ltd, Pavitra Shankar, emphasized the importance of this project in supporting the company's ongoing residential expansion. She highlighted the group's dedication to delivering top-tier quality and sustainable properties to meet the growing demands of future residents.

(With inputs from agencies.)