The prime land parcel is located in Neopolis, Kokapet, Hyderabad, and was secured at a rate of Rs 68 crore per acre. In an official regulatory filing on Monday, the Bengaluru-based company, Brigade Enterprises, announced that it has "executed the sale deed and registered the land in its name." However, the company has not yet disclosed specific details regarding the development project intended for this newly acquired land.

Brigade Enterprises' acquisition reflects its commitment to expanding its presence and investments in the real estate sector, positioning itself for further growth in the Hyderabad market.