Brigade Enterprises Limited has informed the Exchange regarding a press release dated July 21, 2025, titled "Brigade Group Acquires 20.19 Acre Land Parcel in Whitefield-Hoskote Road, Bengaluru for ₹588.33 Cr; Plans ₹5,200 Cr Mixed-Use Development".
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Brigade Enterprises, through its subsidiary Ananthay Properties Private Limited, has bought a 20.19-acre land parcel on Whitefield-Hoskote Road in Bengaluru for ₹588.33 Crores. The company plans to build a mixed-use project on this site with an estimated Gross Development Value of ₹5,200 Crores. The development is expected to cover around 4.2 million square feet and will include residential, commercial, and retail components. The location was chosen for its connectivity to IT hubs, industrial zones, and upcoming infrastructure in East Bengaluru. This is an outright purchase and adds to Brigade Group's existing presence across multiple Indian cities in residential, office, retail, hospitality, and education sectors.
This is a significant land bank expansion for Brigade, with a planned project value (₹5,200 Cr) about 8.8x the acquisition cost, indicating strong expected returns. Shareholders may view this positively as it strengthens the company's future revenue pipeline in a high-growth micro-market, though it also implies meaningful capital deployment and execution risk over the multi-year development cycle.