Brigade Group Signs JDA for ₹ 850 Crore Premium Residential Project in Hyderabad
Brigade Group has announced the signing of a Joint Development Agreement (JDA) to develop a premium residential project in Kompally, Hyderabad. The development spans 5.6 acres and is set to create a landmark residential community in the city's high-growth corridor.The new residential project is estimated to have a potential revenue of ₹ 850 crores. The development is aimed at addressing the increasing demand for high-quality, sustainable, and modern living spaces in North Hyderabad.
Executive Director, Brigade Enterprises Limited, Amar Mysore, commented on the expansion, stating that Hyderabad remains a vital growth market for Brigade. He noted that the city's robust economic momentum, driven by thriving technology and infrastructure sectors, makes it an ideal market.
"As we further scale our operations, our focus will continue to remain on acquiring strategically located land parcels that not only offer high growth potential but also strictly align with the core principles, governance, and ethical standards that we stand for," Mysore stated.
This acquisition strengthens Brigade Group's presence in Hyderabad. The company previously established its debut in the city at Brigade at No. 7 in Banjara Hills and expanded its portfolio with Brigade Citadel in Moti Nagar, Brigade Gateway at Neopolis, and Brigade Enclave and Brigade Manor in Moti Nagar.
Brigade plans to further solidify its expansion in Hyderabad by deploying approximately ₹ 500 Cr across residential, commercial, hospitality, and retail sectors over the next three to four years.
Established in 1986, Brigade Group is one of India's leading property developers. The company has developed numerous landmark buildings and transformed skylines across multiple Indian cities, including Bengaluru, Chennai, Hyderabad, and Kochi, across Residential, Office, Retail, Hospitality, and Education Sectors.
BRIGADE Stock Price Movement
Brigade Enterprises Limited shares today slipped by 0.41% to settle at ₹669.55. The stock traded on a volume of 149,059 shares, testing a day low of ₹668.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.
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