Brigade Group Purchases Land for ₹630 Crore to Develop ₹2,700 Crore Residential Project in Bengaluru

Bengaluru-based Brigade Group has acquired 20-acre land parcel on Whitefield-Hoskote Road. This land has been purchased through its subsidiary, Ananthay Properties Private Ltd., for ₹630 crore. The new residential project planned on this site is expected to have a total saleable area of about 2.5 million square feet and a gross development value of ₹2,700 crore. The company views this acquisition as a step toward strengthening its portfolio in key markets.

The Managing Director of Brigade Enterprises Ltd., Pavitra Shankar, stated that acquiring prime land remains a focus for the company. She added that the project will support their long-term residential expansion plans. The new development aims to address the needs and preferences of homebuyers while maintaining high standards in construction and planning.

This acquisition aligns with Brigade Group’s strategy of expanding its footprint in the residential real estate market. Over the years, the company has built a presence across various cities, including Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram. Apart from residential projects, Brigade Group is also involved in commercial, retail, and hospitality sectors, making it a diversified real estate player in India.

In addition to the new project on Whitefield-Hoskote Road, the company has a pipeline of residential developments across Bengaluru, Chennai, and Hyderabad. These projects are expected to add approximately 12.61 million square feet of residential space. Such a pipeline highlights Brigade’s focus on long-term growth and meeting the demands of urban housing.

Brigade Enterprises has consistently focused on developing real estate projects in southern India. Its efforts have been aimed at addressing the housing needs of a growing population while also contributing to commercial and retail infrastructure. The company has delivered several notable projects in the past and continues to expand its operations in key markets.

The company recently announced its financial results for the second quarter of the fiscal year 2025. It reported a consolidated profit after tax of ₹115 crore, up 2 percent from ₹112.5 crore in the same period last year. However, the revenue for the quarter decreased by 19 percent, standing at ₹1,138.1 crore compared to ₹1,407.9 crore in the previous year. Despite the revenue dip, the company remains focused on its growth plans.

On the stock market, Brigade Enterprises showed a positive trend. Its shares closed at ₹1,293.30 on the Bombay Stock Exchange, marking a 1.28 percent increase. This performance reflects market confidence in the company’s strategic decisions and its ability to execute large-scale projects effectively.

The real estate sector in Bengaluru has been witnessing steady demand, driven by the city’s growing population and its status as a hub for technology and innovation. Brigade Group’s decision to acquire land on Whitefield-Hoskote Road aligns with this trend, as the area has become one of the preferred locations for residential developments.

The upcoming project aims to meet the housing needs of urban residents and support the area's development. Brigade Group’s focus on such projects highlights its commitment to the residential real estate market.

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