Brigade Group Signs JDA for Residential Project on Old Madras Road, Bengaluru

Brigade Group has signed a Joint Development Agreement (JDA) to develop a residential project on Old Madras Road, Bengaluru. The project will span 6.9 acres with a total development potential of around 0.8 million square feet and a Gross Development Value (GDV) of Rs 720 crore.

The residential project is strategically located on Old Madras Road, offering lake-facing views. It is situated in a prime neighborhood with close proximity to key micro-markets such as Indiranagar and Whitefield. These areas are known for their robust infrastructure and thriving commercial hubs. Additionally, the project site has excellent connectivity to other important parts of Bengaluru, enhancing its appeal.

The project will align with Brigade Group's commitment to innovative design and sustainability. It will feature contemporary living amenities and integrate modern architectural aesthetics with eco-friendly practices. The development will likely include green spaces, energy-efficient systems, and environmentally friendly construction practices, ensuring a high-quality living experience for residents.

Brigade Group’s Managing Director, Pavitra Shankar said, “We continue to see sustained demand for housing, driven by the need for homes with more space and practical amenities in strategic locations. This new residential development reflects our ongoing efforts to meet this demand by delivering quality homes that cater to customers' needs. Another step in our plan to create vibrant communities and enhance the living experience for residents."

The investment of Rs 720 crore in this residential project highlights Brigade Group's dedication to expanding its presence in Bengaluru's real estate market. This development is expected to cater to the growing demand for premium residential spaces in the city, driven by Bengaluru's status as a major IT and business hub.

The project's location on Old Madras Road ensures excellent connectivity to various parts of the city, including the central business district and major IT corridors. This connectivity is anticipated to attract potential buyers, offering convenience and reducing commuting times.

Brigade Group's new residential project on Old Madras Road marks a significant addition to Bengaluru's real estate landscape. With a focus on innovative design, sustainability, and strategic location, the project is poised to meet the evolving needs of modern urban dwellers. This development reaffirms Brigade Group's position as a leading player in the real estate sector, committed to delivering high-quality, sustainable living spaces.