Brigade Enterprises Ltd has signed a Joint Development Agreement (JDA) with Krishna Priya Estates and Micro Labs to develop around 2 million sq ft of residential project in Bengaluru with a Gross Development Value (GDV) of Rs 2,100 crore, the company said in a regulatory filing on Thursday.
Brigade Enterprises has completed the acquisition of a 9.72-acre land parcel in Hyderabad for approximately 660 crore. The company has been strategically investing in land acquisitions across southern India, with a focus on the residential real estate segment. The recent acquisition is part of their efforts to strengthen their presence in the market.
Bengaluru-based real estate firm Brigade Enterprises has purchased a 9.71-acre land parcel in Hyderabad for approximately Rs 660 crore or at the rate of Rs 68 crore per acre. The company won the e-auction for the land located at The land is located in Neopolis, Kokapet. The auction was conducted by Hyderabad Metropolitan Development Authority.