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Brigade Group has successfully acquired a prime 20.19 acre land parcel in the fast-emerging Whitefield–Hoskote corridor of Bengaluru. The outright purchase was completed at a transaction value of Rs 588.33 crore through Ananthay Properties, subsidiary of Brigade Enterprises.
Strategically located with excellent connectivity to IT hubs, industrial zones, and upcoming infrastructure projects, the site offers exceptional potential for a mixed-use development with a Gross Development Value (GDV) of Rs 5,200 crore.
With an estimated development potential of 4.2 million sq. ft, the project is set to be a marquee addition to East Bengaluru's urban landscape, encompassing residential, commercial, and retail components.
“This acquisition aligns with our vision to develop landmark destinations that integrate living, working, and leisure. The Whitefield–Hoskote belt is poised for exponential growth, and we're excited to contribute meaningfully to its transformation,” said Pavitra Shankar, Managing Director, Brigade Enterprises.
The company also mentioned that the debentures may be listed, with the final decision on listing and other issuance terms to be determined by the board of directors or a designated committee at the time of allotment.
Brigade Enterprises is one of India’s leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels.
The company reported a 19.76% jump in consolidated net profit to Rs 246.82 crore in Q4 FY25 as against Rs 206.09 crore reported in Q4 FY24. However, revenue from operations fell 14.21% year-on-year (YoY) to Rs 1,460.39 crore in the quarter ended 31 March 2025.
The counter rose 0.74% to settle at Rs 1,092.90 on the BSE.