Brigade Group Acquires 20 Acres of Land in Bengaluru for ₹630 Crore to Build Residential Project
Brigade Group, through its subsidiary Ananthay Properties, has acquired a 20-acre land parcel located on Whitefield-Hoskote Road in Bengaluru for approximately ₹630 crore. This move is part of the company’s strategic plan to expand its footprint in key real estate markets and strengthen its land holdings in high-demand locations.
The acquired land will be the site of a major residential development, with an estimated saleable area of 2.5 million square feet. The project is expected to have a gross development value (GDV) of about ₹2,700 crore, reflecting the scale and premium nature of the development. This acquisition is part of Brigade Group’s broader vision to develop approximately 12.61 million square feet of new residential projects across Bengaluru, Chennai, and Hyderabad. Pavitra Shankar, Managing Director of Brigade Group, commented on the acquisition, saying, “We remain focused on acquiring prime land in key markets to strengthen our land holdings.” This project in Bengaluru is poised to cater to the growing demand for high-quality residential developments in one of India’s most sought-after real estate markets.
Bengaluru’s real estate sector has been booming in recent years, with the city emerging as a hub for tech companies, startups, and a rapidly growing population. This has spurred demand for modern residential developments, particularly in areas like Whitefield, which have become prime residential zones due to their proximity to tech parks and commercial hubs. With this acquisition, Brigade Group is not only expanding its presence in Bengaluru but also reinforcing its expansion strategy in other major cities like Chennai and Hyderabad. The company is well-positioned to deliver on its ambitious plans for new residential developments, with the total area under development reaching 12.61 million square feet across these three cities.
The Bengaluru project will likely attract a diverse range of buyers, including professionals, families, and investors, seeking premium residential options. With its large saleable area and high GDV, this project is expected to contribute significantly to Brigade Group’s growth and solidify its position as one of the leading players in the Indian real estate market. The acquisition of this land is a strong signal of Brigade Group’s commitment to meeting the demand for high-end residential developments in Bengaluru. With a substantial investment in the prime location of Whitefield-Hoskote Road, Brigade Group aims to deliver a project that will meet the needs of modern homebuyers while contributing to the company’s long-term growth strategy. As the real estate market in Bengaluru continues to thrive, Brigade Group’s new development is expected to be a key player in the city’s expanding urban landscape.
