Brigade Enterprises Limited — Updates, 03-01-2025: Press Release

Brigade Group has signed a definitive agreement for a prime land parcel on Whitefield-Hoskote Road in Bengaluru, earmarked for a residential project. This development will cover approximately 20 acres, offering a total saleable area of around 2.5 million sqft and a Gross Development Value (GDV) of ₹2700 crore, with a land cost of about ₹630 crore through its subsidiary, Ananthay Properties Private Limited.

The project is strategically located in Whitefield, known as Bengaluru's largest IT hub, which is increasingly becoming a sought-after locale for homebuyers due to its connectivity and proximity to workplaces. Brigade's focus on prime land acquisition aligns with its long-term residential expansion strategy, further underscored by its pipeline of around 12.61 million sqft of new developments in Bengaluru, Chennai, and Hyderabad. Investors should view this as a robust opportunity, emphasizing Brigade’s commitment to quality and sustainability in its offerings.