Brigade Group has entered into a joint development agreement (JDA) for a luxury residential project in East Bengaluru with a gross development value (GDV) of about ₹2,500 crore. The Bengaluru-based real estate developer confirmed the agreement through a regulatory filing, marking one of its largest planned residential ventures in the city this year.
The upcoming development will cover a land parcel of around 10.75 acres and will yield more than 2.5 million sq. ft. of saleable area. The project underscores Brigade’s strategy of expanding its premium residential footprint in rapidly growing corridors of Bengaluru, especially in micro-markets that have seen rising demand for luxury homes in recent quarters.
The company said the project highlights its focus on high-quality residential developments designed to attract aspirational buyers. Brigade Group’s managing director Pavitra Shankar noted that the location is evolving as a prominent residential hub, supported by infrastructure growth and sustained buyer demand.
Industry data shows that the premium housing category, homes priced above ₹1 crore, has expanded significantly in Bengaluru, with higher income households and returning NRIs driving demand. Developers such as Brigade have been increasingly active in this segment, leveraging joint development models to manage capital requirements while securing well-located land parcels.
The East Bengaluru JDA is not an isolated move. Brigade Group has signed multiple such agreements in 2025, reinforcing its reliance on partnerships with landowners to scale new launches. In January, the company entered into a residential development agreement on Whitefield-Hoskote Road with a development potential of about ₹2,700 crore. That project spans 20 acres, with an estimated saleable area of 2.5 million sq. ft.
Similarly, in April, Brigade announced a JDA for a plotted development project in East Bengaluru with a GDV of ₹175 crore. These agreements reflect a trend where established developers prefer joint ventures to expand faster in high-demand corridors without large upfront land acquisition costs.
Brigade Enterprises currently has a pipeline of approximately 12.61 million sq. ft. of upcoming residential developments across Bengaluru, Chennai, and Hyderabad. The company’s planned launches cater to both luxury and mid-income housing categories, with Bengaluru continuing to account for the bulk of new projects.
The developer has also diversified into commercial real estate and mixed-use formats, but its residential segment remains a key driver of growth. The entry into high-value JDAs this year signals a renewed emphasis on luxury housing in particular.
Bengaluru’s housing market has witnessed a strong recovery since 2023, led by demand from IT professionals, global capability centers, and a rising class of upwardly mobile buyers. The eastern corridor, in particular, has benefitted from proximity to IT parks, improved road connectivity, and upcoming metro links.
Analysts note that while affordability pressures remain in other Indian cities such as Mumbai and Delhi NCR, Bengaluru’s residential market continues to attract steady demand. Developers with established brands and track records, such as Brigade, Prestige, and Sobha, are securing joint development projects to ensure continuous supply in strategic locations.
.png)