Brigade Group has recently informed exchanges that the company secured a prime land parcel on Whitefield-Hoskote Road, Bengaluru, spanning 20 acres. This upcoming residential project is set to offer a total saleable area of 2.5 million square feet and is estimated to have a Gross Development Value (GDV) of approximately Rs. 2700 Cr. The total land cost stands at Rs. 630 Cr., and the project will be executed through Brigade’s subsidiary, Ananthay Properties Private Limited.
The development will reflect Brigade Group’s commitment to delivering high-quality, sustainable living spaces in Bengaluru’s dynamic urban landscape. Whitefield, known as Bengaluru’s largest IT hub, has become one of the city’s most sought-after residential locations. With its thriving job market and excellent connectivity through roads, rail, and the upcoming Metro extension, Whitefield offers unparalleled convenience for professionals and investors.
Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., emphasized the importance of this acquisition in strengthening Brigade’s land portfolio. “This project aligns with our long-term residential expansion strategy and will be developed to meet the evolving needs of future residents, ensuring the highest standards of quality and sustainability,” she stated.
In addition to this project, Brigade Group has an impressive pipeline of approximately 12.61 million square feet of upcoming residential developments in Bengaluru, Chennai, and Hyderabad, reinforcing its position as a key player in the real estate sector.
