May 24, 2024: Brigade Group has signed a joint development agreement (JDA) to develop a residential project spread across 6.9 acre with a total development potential of around 0.8 million square foot (msf) and gross development value (GDV) of Rs 720 crore, the company said in a press statement.
According to the official statement, the land is lake facing and located in the prime neighbourhood of Old Madras Road (OMR). The main USP of the project is its proximity to micro-markets like Indiranagar and Whitefield, in addition to good connectivity to other important parts of the city.
Brigade Group’s managing director, Pavitra Shankar said, “We continue to see sustained demand for housing, driven by the need for homes with more space and practical amenities in strategic locations. This new residential development reflects our ongoing efforts to meet this demand by delivering quality homes that cater to customers’ needs. Another step in our plan to create vibrant communities and enhance the living experience for residents.”
Brigade Group has a pipeline of new launches of around 12.61 msf in the residential sector across Bengaluru, Chennai and Hyderabad.
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