May 9, 2024: Brigade Group has signed a definitive agreement for a prime land parcel located on Old Madras Road, Bangalore. Spread across 4.6 acre, the total development potential of the residential project will be around 0.69 million square foot (msf) with a Gross Development Value of Rs 660 crore, according to an official release.
According to the developer, the new project will be designed in line with Brigade’s commitment to deliver high quality, sustainable spaces in Bangalore’s evolving urban landscape. Furthermore, Old Madras Road is a fast-growing residential hub with improved infrastructure, great connectivity and new development plans for the location.
Pavitra Shankar, managing director, Brigade Enterprises said, “We are actively pursuing land acquisition opportunities in our target markets and continue to add high quality
assets to our land bank. This project is strategically located and contributes to our overall residential growth strategy. We will develop a residential property that will be executed keeping in mind customer preferences for quality and sustainability.”
Brigade Group has a pipeline of new launches of around 12.61 msf in residential segment across Bangalore, Chennai and Hyderabad.
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