Brigade Group Signs Rs 25-Bn Residential Project in Bengaluru
Real Estate

Brigade Group Signs Rs 25-Bn Residential Project in Bengaluru

Bengaluru-based real estate major Brigade Group has signed a joint development agreement for a luxury residential project in East Bengaluru, with a potential gross development value (GDV) of Rs 25 billion.

The project spans 10.75 acres with a saleable potential of 2.5 million sq ft, located strategically near key commercial hubs and social infrastructure.

In July, Brigade acquired a 20.19-acre prime land parcel in the Whitefield–Hoskote corridor for Rs 5.88 billion through its subsidiary Ananthay Properties.

“Bengaluru is our primary market, and this new development reflects our commitment to high-quality projects in premium micro-markets that combine connectivity, infrastructure and lifestyle appeal,” said Pavitra Shankar, Managing Director, Brigade Enterprises. “We believe this project will attract a new generation of aspirational homebuyers and showcase our vision for sustainable, community-driven urban living.”

Brigade Group operates across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City, with a portfolio spanning residential, office, retail, hospitality and education.

News source: Business Standard

Bengaluru-based real estate major Brigade Group has signed a joint development agreement for a luxury residential project in East Bengaluru, with a potential gross development value (GDV) of Rs 25 billion.The project spans 10.75 acres with a saleable potential of 2.5 million sq ft, located strategically near key commercial hubs and social infrastructure.In July, Brigade acquired a 20.19-acre prime land parcel in the Whitefield–Hoskote corridor for Rs 5.88 billion through its subsidiary Ananthay Properties.“Bengaluru is our primary market, and this new development reflects our commitment to high-quality projects in premium micro-markets that combine connectivity, infrastructure and lifestyle appeal,” said Pavitra Shankar, Managing Director, Brigade Enterprises. “We believe this project will attract a new generation of aspirational homebuyers and showcase our vision for sustainable, community-driven urban living.”Brigade Group operates across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City, with a portfolio spanning residential, office, retail, hospitality and education.News source: Business Standard

Next Story
Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Next Story
Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Next Story
Infrastructure Urban

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App