Brigade Enterprises Limited — Updates, 28-03-2025: Press Release

Bengaluru’s North-West Corridor is on track to develop a commercial stock of 16 to 19 million sq. ft. by 2030, with an incremental demand of 5 to 8 million sq. ft., according to a recent study by Brigade Group and Meraqi Advisors. This area is becoming recognized as a fast-growing Secondary Business District, necessitating an additional 10,000 residential units by 2030. Residential capital prices have increased at a CAGR of 7% over the past decade, while land values are projected to appreciate by 10% annually. The region's attractiveness is driven by cost-effective alternatives to prime locations, enhanced connectivity, and ongoing infrastructural developments, including metro expansion.

Brigade Group’s own projects, like the Brigade Twin Towers, are strategically positioned to cater to demand with high-quality workspaces amid rising occupancy rates. The job market is evolving, particularly in IT and related sectors, indicating a robust growth trajectory in commercial space absorption. This development positions North-West Bengaluru as a favorable environment for investment, making it an area to watch closely for potential growth.