In an exciting development for the real estate sector in Bengaluru, Brigade Enterprises Ltd. has announced plans for a significant 20-acre residential project. This ambitious venture, which is expected to generate an estimated revenue of Rs 175 crore, marks a pivotal moment for the company as it ventures into plotted developments in the area.
Strategic Location in Bengaluru
The newly proposed project will be situated in Malur, a rapidly growing locale in East Bengaluru. The company’s recent regulatory filing revealed the signing of a joint development agreement (JDA) for this promising residential initiative. With a projected gross development value of around Rs 175 crore, the project is anticipated to offer a total development potential of 0.45 million square feet.
- Key Highlights:
- Location: Malur, East Bengaluru
- Size: 20 acres
- Estimated Revenue: Rs 175 crore
- Development Potential: 0.45 million square feet
A Vision for Sustainable Communities
Pavitra Shankar, the Managing Director of Brigade Enterprises, emphasized the company’s commitment to identifying prime land parcels that align with their vision of creating thoughtfully designed communities. “Our focus is on quality, sustainability, and innovation,” she shared, highlighting the company’s dedication to elevating living standards through superior development practices.
Emerging Hub with Great Connectivity
Malur is gaining traction as a desirable residential hub, thanks to its advantageous position along the Satellite Town Ring Road and the Chennai Expressway. This connectivity not only enhances accessibility to major parts of Bengaluru but also boosts the region’s appeal for potential residents.
Brigade’s Legacy in Real Estate
Founded in 1986, Brigade Group has established itself as one of India’s foremost property developers. With a diverse portfolio that includes residential, office, retail, hospitality, and educational projects, the company has left its mark on various cities, including Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City.
As Brigade Enterprises moves forward with this new project, it reflects their ongoing strategy to innovate and expand within the real estate sector, ensuring sustainable growth and development in one of India’s most vibrant cities.
For more insights on Brigade Enterprises and their upcoming projects, stay tuned to our updates.
