HomeMarket NewsStocks NewsBrigade Enterprises buys Bengaluru land for ₹588 crore, plans ₹5,200 crore mixed-use project Brigade Enterprises buys Bengaluru land for ₹588 crore, plans ₹5,200 crore mixed-use project Located in a fast-developing area with strong connectivity to IT hubs, industrial zones, and upcoming infrastructure projects, the land is slated for a large-scale mixed-use development. The planned project has an estimated Gross Development Value (GDV) of ₹5,200 crore. Shares of Brigade Enterprises Limited ended at ₹1,100.00, down by ₹10.65, or 0.96%, on the BSE. By CNBCTV18 Realty firm, Brigade Enterprises Limited, on Monday (July 21) said it has acquired a 20.19-acre land parcel in the Whitefield–Hoskote corridor of Bengaluru for ₹588.33 crore. The transaction was executed through Ananthay Properties Private Limited, a subsidiary of Brigade Enterprises. Located in a fast-developing area with strong connectivity to IT hubs, industrial zones, and upcoming infrastructure projects, the land is slated for a large-scale mixed-use development. The planned project has an estimated Gross Development Value (GDV) of ₹5,200 crore. The development is expected to span 4.2 million square feet and will include residential, commercial, and retail components. Brigade Group aims to position this as a marquee project in East Bengaluru’s expanding urban footprint. Also Read: Brigade Enterprises acquires 11 acres near IT park in Bengaluru for ₹2,000-crore project Pavitra Shankar, Managing Director, Brigade Enterprises, said, "This acquisition aligns with our vision to develop landmark destinations that integrate living, working, and leisure. The Whitefield–Hoskote belt is poised for exponential growth, and we’re excited to contribute meaningfully to its transformation." The acquisition further strengthens Brigade Group’s presence in Bengaluru and underscores its commitment to creating integrated urban ecosystems that cater to the evolving needs of modern India. With this strategic expansion, the Group continues to build on its legacy of delivering high-quality developments that shape the future of urban living. Shares of Brigade Enterprises Limited ended at ₹1,100.00, down by ₹10.65, or 0.96%, on the BSE. Also Read: Brigade Enterprises' subsidiary Brigade Hotel Ventures to launch ₹760 crore IPO on July 24 Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!