Bengaluru-based listed real estate developer Brigade Group has announced a joint development agreement for a new residential project in South Bengaluru, with an estimated gross development value (GDV) of ₹1,200 crore. The project is located in Banashankari, 5th Stage, and will span 7.5 acres, reflecting the company’s ongoing focus on strategically located, large-scale developments.
Brigade Group highlighted that Banashankari offers a unique combination of heritage, connectivity, and established social and physical infrastructure, making it an ideal location for quality residential development.
According to Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., the project aims to deliver thoughtfully designed homes that enhance urban living while contributing to Bengaluru’s broader economic and social growth. The location benefits from proximity to major transport links and essential city amenities, aligning with the company’s strategy to provide accessible, modern housing options for a growing urban population.
The Banashankari project is part of Brigade Group’s broader residential pipeline, which currently includes around 12.61 million square feet of new developments across Bengaluru, Chennai, and Hyderabad.
This announcement follows several other major initiatives by the group in Bengaluru. Earlier in January 2025, Brigade Group signed an agreement to develop a residential land parcel on Whitefield-Hoskote Road with a potential GDV of ₹2,700 crore.
The project spans 20 acres, offering approximately 2.5 million square feet of saleable area, with a total land cost of around ₹630 crore, and is being executed through its subsidiary Ananthay Properties Private Limited. In April 2025, the group also entered a joint development agreement for a plotted residential project in East Bengaluru with a GDV of ₹175 crore. These initiatives reflect the company’s consistent strategy of expanding its footprint across key residential micro-markets in Bengaluru.
Brigade Group’s focus on joint development agreements allows it to leverage partnerships to deliver large-scale projects efficiently while maintaining design and construction standards. The South Bengaluru project is expected to feature modern residential layouts and amenities that cater to the city’s growing demand for well-planned urban housing.
With Bengaluru evolving rapidly as a technology and services hub, the project is positioned to meet the needs of professionals, families, and investors seeking homes in established neighborhoods with strong connectivity.
The residential market in South Bengaluru has shown steady demand, driven by proximity to commercial zones, educational institutions, and transport infrastructure. Brigade Group’s entry into Banashankari reinforces the area’s appeal as a high-potential residential micro-market. The company’s emphasis on delivering thoughtfully designed homes ensures that the project will align with contemporary lifestyle requirements, integrating convenience, accessibility, and community-focused planning.
Through this joint development, Brigade Group continues to strengthen its position in the Bengaluru real estate market, leveraging its experience in large-scale projects, market insights, and strategic land acquisitions.
The Banashankari project is expected to contribute significantly to the company’s portfolio in terms of both GDV and delivery of high-quality residential units. With ongoing urbanization and housing demand in Bengaluru, such projects play a key role in shaping the city’s residential landscape while providing investors and homebuyers with premium housing options that combine design, location, and long-term value.
Image source- brigadegroup.com
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