Brigade Group to Develop 8-Acre Housing Project Worth ₹1,100 Crore in Bengaluru

Brigade Group, a prominent player in the Indian real estate market has announced its plans to develop a major residential project on Tumkur Road in West Bengaluru. This new venture represents a significant investment in the city's housing sector, with an estimated gross development value (GDV) of ₹1,100 crore. The project will span 8 acres and is expected to encompass a total development area of approximately 1.2 million square feet.

The residential project will primarily feature two- and three-bedroom apartments, catering to a broad range of homebuyers looking for modern and spacious living options in one of Bengaluru’s rapidly growing areas. According to Pradyumna Krishnakumar, Executive Director at Brigade Enterprises Limited, this project is poised to become a landmark development in the Tumkur Road micro-market. Krishnakumar emphasized that the project aligns with Brigade Group’s strategic vision of expanding its residential portfolio across key cities in South India.

This new project is part of a larger pipeline of developments that Brigade Group has planned for the upcoming year. The company has set ambitious targets, aiming to develop over 12 million square feet of residential space across Bengaluru, Chennai, and Hyderabad. This expansion is aimed at meeting the growing demand for high-quality residential properties in these major urban centers.

The announcement comes at a time when the Indian real estate sector is experiencing a surge in activity. The sector has been witnessing a significant increase in both launches and transactions, driven by a combination of favorable market conditions and a rising demand for new housing options. Brigade Group’s latest initiative is a testament to the ongoing growth and dynamism in the Bengaluru real estate market, where developers are actively pursuing new opportunities to meet the needs of an expanding population.

In recent months, Brigade Group has also been involved in other high-profile projects. For instance, late last month, the company launched Brigade Insignia, a premium residential project in North Bengaluru’s Yelahanka area, with a similar revenue potential of ₹1,100 crore. This project reflects Brigade Group’s strategy of diversifying its offerings to cater to different segments of the residential market.

Moreover, the current environment in the real estate market is characterized by a high demand for residential projects, which is expected to continue in the near future. As Pavitra Shankar, Managing Director of Brigade Enterprises Limited, noted, there is a steady growth in demand for residential properties, which is a key factor driving the company’s expansion efforts.

Brigade Group’s new project on Tumkur Road represents a major investment in Bengaluru’s residential real estate market and reflects the broader trends of growth and development in the sector. The project is expected to be a pivotal addition to the company’s portfolio and a notable development in the city's real estate landscape.