Bengaluru's Brigade Group Unveils INR 2,700 Crore Residential Project on Whitefield-Hoskote Road

Brigade Group, a leading real estate developer headquartered in Bengaluru, has announced the acquisition of a prime 20-acre land parcel on Whitefield-Hoskote Road. This project, estimated to have a Gross Development Value (GDV) of INR 2,700 crore, is set to transform the area into a vibrant residential hub.

Investment and Development Details

The acquisition was made through Brigade’s subsidiary, Ananthay Properties Private Ltd., for a total cost of approximately INR 630 crore. The ambitious project will offer a saleable area of around 2.5 million square feet, catering to the growing demand for quality housing in Bengaluru.

Strategic Growth Plan

Speaking on the development, Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., said, “We remain focused on acquiring prime land in key markets to strengthen our land holdings. This project plays a significant role in supporting our long-term residential expansion strategy. We are committed to developing a property that upholds the highest standards of quality and sustainability, while meeting the evolving needs and preferences of our future residents.”

Expanding Residential Footprint

Brigade Group continues to strengthen its portfolio with a robust pipeline of upcoming residential projects. The company plans to launch approximately 12.61 million square feet of new developments across Bengaluru, Chennai, and Hyderabad in the near future, further cementing its leadership in the southern real estate market.

Established Presence Across India

Founded in 1986, Brigade Enterprises Ltd. boasts a strong presence in key cities, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru, and Chikkamagaluru. Its diversified portfolio spans residential, office, retail, and hospitality sectors.

Financial Highlights for Q2FY25

In its recent financial results, Brigade Group reported a consolidated Profit After Tax (PAT) of INR 115 crore for Q2FY25, reflecting a modest 2 percent year-on-year growth compared to INR 112.5 crore in the previous year. However, the company witnessed a 19 percent decline in revenue, which stood at INR 1,138.1 crore, down from INR 1,407.9 crore in Q2FY24.

Key Highlights

• Land Acquisition: Brigade Group acquires a 20-acre land parcel on Whitefield-Hoskote Road.
• Project Investment: INR 630 crore investment for a residential project with a GDV of INR 2,700 crore.
• Development Scale: 2.5 million square feet of saleable area planned.
• Strategic Expansion: 12.61 million square feet of upcoming projects across Bengaluru, Chennai, and Hyderabad.
• Established Legacy: Active presence in nine cities with diverse real estate developments.
• Financial Performance: INR 115 crore PAT for Q2FY25, marking a 2 percent YoY growth.

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