Brigade Group Acquires Land In Bengaluru For ₹2,700 Crore Residential Project

By Investoxpert | 09 Jan 2025 | Guide

Brigade Group, based in Bengaluru, has finalized a deal for a piece of property on Whitefield-Hoskote Road. The gross development value (GDV) of the residential projects in Bangalore that is proposed for this property is anticipated to be close to ₹2,700 crore.

Brigade Group, located in Bengaluru, has purchased a 20-acre plot of property on Whitefield-Hoskote Road. For ₹630 crore, this land was acquired by its subsidiary, Ananthay Properties Private Ltd. It is anticipated that the new residential complex on this site would have a gross development value of ₹2,700 crore and a total saleable area of around 2.5 million square feet. The business sees this acquisition as a step toward expanding its holdings in strategic areas.

From the Management

According to Brigade Enterprises Ltd.'s managing director, Pavitra Shankar, the firm is still focused on obtaining valuable land. The initiative will help their long-term goals for residential growth, she continued. While upholding strict building and planning regulations, the new development seeks to satisfy the requirements and preferences of prospective homeowners.

The Brigade Group's plan to increase its presence in the residential real estate sector is in line with this acquisition. The business has established itself in a number of cities over the years, including Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram. Brigade Group is a diverse real estate company in India that works on residential developments as well as commercial, retail, and hotel projects.

The business is working on residential projects in Hyderabad, Chennai, and Bengaluru in addition to the new property in Whitefield-Hoskote Road. An estimated 12.61 million square feet of new residential space would be added by these developments. Brigade's emphasis on long-term expansion and satisfying the needs of urban dwelling is demonstrated by this pipeline.

Brigade Enterprises has always concentrated on creating the best residential projects in Bangalore and other southern Indian real estate developments. In addition to helping with commercial and retail infrastructure, its efforts have been directed at meeting the housing demands of an expanding population.

The business has completed a number of noteworthy projects in the past and is still growing in important areas.

The business just released its fiscal year 2025 second quarter financial results. Compared to ₹112.5 crore during the same time previous year, it posted a consolidated profit after tax of ₹115 crore, a 2 percent increase. But compared to ₹1,407.9 crore in the prior year, the revenue for the quarter dropped by 19% to ₹1,138.1 crore. The business is nevertheless committed to its expansion goals in spite of the decline in income.

Brigade Enterprises displayed a good trend on the stock market. On the Bombay Stock Exchange, its shares finished at ₹1,293.30, up 1.28 percent. The market's trust in the company's strategic choices and capacity to successfully manage major projects is reflected in this performance.

Due to the city's increasing population and reputation as a center for creativity and technology, Bengaluru's real estate market has been seeing consistent demand. Brigade Group's choice to purchase property in Whitefield -Hoskote Road is consistent with this pattern, since the neighborhood has emerged as a top choice for residential construction.

The future project intends to assist the growth of the area while providing accommodation for urban dwellers. Brigade Group's dedication to the residential real estate industry is demonstrated by its emphasis on such projects.

About The Developer

One of the top real estate developers in India, Brigade Group is well-known for the variety of residential, business, retail, and hotel buildings in its portfolio. Since its founding in 1986, the business has grown significantly in important cities including Bengaluru, Hyderabad, property in Chennai, and Mysuru. Brigade Group is renowned for its dedication to sustainability, innovation, and excellence in the real estate industry. The firm has created famous monuments, such as integrated lifestyle communities, upscale homes, and expansive commercial complexes, all while concentrating on providing top-notch projects.

Brigade Group has expanded into the hospitality industry by owning and operating a network of hotels under the Brigade Hospitality brand in addition to residential and commercial real estate. With many projects certified for sustainability, the organization is likewise dedicated to green building principles. Brigade Group keeps growing its presence by making investments in developing nations and staying abreast of real estate developments, which helps to modernize and grow India's urban environment.

Conclusion

The Brigade Group's ₹2,700 crore purchase of land in Bengaluru for the construction of a residential project is a calculated move to take advantage of the city's rising demand for high-quality homes. The real estate of Bangalore is booming and has a lot of opportunities for residential constructions, supported by its reputation as a center for business and technology.

This project, which serves a growing population and wealthy purchasers, is in line with the city's changing urban context. The project is anticipated to help shape residential projects in Bangalore, and Brigade Group's investment shows confidence in the city's long-term growth potential.

Also, always be updated with the latest real estate news and trends and stay tuned with the InvestoXpert blog section.

CALL US: 9880083870

MAIL US: [email protected]

#Residential Projects in Bangalore

# Brigade Group

# Projects in Hyderabad

# Property in Whitefield

Lets Get Your Dream Home

I authorize InvestoXpert and its representatives to Call, SMS, Email or WhatsApp me about its products and offers. This consent overrides any registration for DNC / NDNC.

Brigade Group Acquires Land In Bengaluru For ₹2,700 Crore Residential Project

From the Management

About The Developer

Conclusion

Lets Get Your Dream Home

Related Articles

+91 9880083870

With Our Experts!