Brigade Enterprises inks pact worth Rs 660 cr for Bengaluru Residential

3 mins read . 10 May 2024 . 11:26 AM

Brigade Enterprises Limited on Thursday signed a complete and final agreement amounting to 660 crore rupees for a prime land parcel located on Old Madras Road, Bengaluru, the company said in an exchange filing.

Key takeaways from Brigade Enterprises Pact: 

• The project will be spread across 4.6 acres.
• The total development potential of the project will be 0.69 million sqft.
• The project involves a gross development value (GDV) of 660 crore rupees. 

The residential project is likely to be spread across an area of 4.6 acres. The total development potential of the project will be around 0.69 million square feet with a total gross development value (GDV) of  660 crore rupees. 

“We are actively pursuing land acquisition opportunities in our target markets and continue to add high-quality assets to our land bank,” said Brigade Enterprises Managing Director, Pavitra Shankar.

The new Bengaluru residential project will be designed in line with the company’s commitment to evolve the urban landscape and deliver superior quality, sustainable spaces in the garden city, Bengaluru. 

About Old Madras Road: 

Old Madras Road is a fast-growing residential hub with great connectivity, improved infrastructure, and fresh development plans in the location. The road has existed since the 16th century as a single-lane kutcha road, to promote trade to Hoskote and the popular Madras city.

About Brigade Enterprise Limited: 

Brigade Enterprises Limited established in 1986,  is one of India’s leading property developers with nearly four decades of expertise. The company has developed many landmark buildings and has engaged in operations to transform skylines across cities – Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across Residential, Office, Retail and Hotels.