Brigade Group acquires land for Rs.588 cr in B'luru
The Bengaluru-based Brigade Group has acquired a 20.2-acre land parcel in the Whitefield-Hoskote corridor for ₹588.3 crore. They plan to develop a mixed-use project worth ₹5,200 crore. The purchase was completed through Ananthay Properties. The land parcel offers an estimated developmental potential of 4.2 million sq.ft, across residential, commercial, and retail.
Brigade Group acquires land for ₹588 cr in B'luru
ENS ECONOMIC BUREAU @ Mumbai
THE Bengaluru-based Brigade Group has acquired a 20.2 acre land parcel in the Whitefield-Hoskote corridor for ₹588.3 crore and plans to develop a mixed use project worth ₹5,200 crore.
The purchase was completed through Ananthay Properties, subsidiary of Brigade Enterprises, the company said in a statement on Monday. Strategically located with connectivity to the key IT hubs, industrial zones, and upcoming infrastructure projects in Bengaluru, the site offers potential for a mixed-use development with a gross development value of ₹5,200 crore, the statement claimed.
The land parcel offers an estimated developmental potential of 4.2 million sq.ft, across residential, commercial, and retail. "The Whitefield-Hoskote belt is poised for exponential growth, and we're excited to contribute to its transformation," said Pavitra Shankar, MD of Brigade Enterprises. Established in 1986, Brigade Group is a leading property developer with close to four decades of expertise.
