Brigade Enterprises Limited — Important, 03-01-2025: Updates

Brigade Group has secured a definitive agreement for a prime land parcel on Whitefield-Hoskote Road, Bengaluru, to develop a residential project covering approximately 20 acres. The initiative is set to encompass a total saleable area of around 2.5 million square feet with a Gross Development Value (GDV) of ₹2,700 crore and a total land cost of about ₹630 crore, executed through its subsidiary Ananthay Properties Private Limited. This project reflects Brigade’s ongoing strategy to acquire high-quality land in key markets, which positions the company favorably in a region known for its robust job market and desirability among homebuyers. With substantial upcoming residential developments totaling approximately 12.61 million square feet across major cities, Brigade Group is poised for growth, presenting a positive outlook for potential investors.