Brigade Group has announced a joint development residential project in Bengaluru with a gross development value of Rs 1,100 crore. The company will develop 8 acres of land, with a total development area of about 1.2 million square feet.
The project in Bengaluru's Tumkur Road will have two- and three-bedroom apartments with range of modern amenities, an exchange filing said on Wednesday. The area will have shopping hubs, office spaces and entertainment zones.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The residential project will be an addition to the company's 12 million square feet of residential projects planned across Bengaluru, Chennai and Hyderabad in the coming year.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
“Bengaluru's residential real estate market is experiencing tremendous growth, and we are excited to be part of this growth momentum," said Pradyumna Krishnakumar, executive director, Brigade Enterprises Ltd.
West Bengaluru is becoming a favored area for residential projects due to its connectivity and existing infrastructure, he pointed out.
This comes after the real estate firm launched a residential housing project, 'Brigade Insignia', in Yelahanka, Bengaluru, with a revenue potential of Rs 1,100 crore.
Shares of Brigade Enterprises closed 0.03% higher at Rs 1,368.10 apiece, compared to a 0.67% advance in the NSE Nifty 50 on Wednesday.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
