Brigade Group Acquires 2-Acre Land Parcel on Kanakapura Road for Premium Residential Development with Rs 400 Crore GDV
Bengaluru, July 29, 2026: Brigade Group has finalized the outright purchase of a 2-acre land parcel situated on Kanakapura Road in South Bengaluru. The company plans to develop a premium residential project on this site, which is estimated to have a Gross Development Value (GDV) of approximately Rs 400 Crores.Strategically located within one of South Bengaluru’s prime residential corridors, the forthcoming development aims to combine contemporary living standards with amenities designed for connectivity and long-term value. This move underscores Brigade Group's commitment to expanding its presence in high-potential micro-markets.
Commenting on the strategic acquisition, Amar Mysore, Executive Director at Brigade Enterprises Limited, noted that Kanakapura Road has solidified its status as a key growth corridor in Bengaluru. He stated that the rise in infrastructure and improved connectivity are driving strong demand from homebuyers seeking quality living environments. "This acquisition aligns with our long-term residential strategy," Mysore said, adding that the company is focused on creating communities that offer access to quality social infrastructure and foster meaningful community experiences, mirroring increasing consumer demand.
Brigade Group maintains a significant pipeline of developments across various major cities in India, maintaining its commitment to delivering landmark projects that combine design excellence, quality construction, and sustainable living practices.
About Brigade Group:
Established in 1986, Brigade Group stands as one of India's leading property developers, boasting close to four decades of experience in creating positive experiences for all stakeholders. The company has developed numerous landmark buildings and transformed skylines across cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City, operating within the Residential, Office, Retail, Hospitality, and Education sectors.
BRIGADE Stock Price Movement
Today, Brigade Enterprises Limited shares edged higher in post-market trading, closing at ₹564.25 after advancing 0.59%. The stock saw a volume of 213,417 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.