Brigade Enterprises has acquired a 2.25-acre land parcel in Secunderabad to develop a new housing project.
In its regulatory filing, Brigade informed that the agreement for the land acquisition had been signed, though the cost of the land was not disclosed. This new venture adds to Brigade's growing presence in the real estate sector, which spans cities like Bengaluru, Chennai, Hyderabad, and Kochi. This project has significant revenue potential and will further strengthen our portfolio in key markets.
Established in 1986, Brigade Enterprises has developed numerous residential, commercial, and mixed-use projects over the years. The upcoming Secunderabad housing project is expected to contribute significantly to the company’s growth, with an estimated gross development value (GDV) of Rs 650 crore.