Brigade Enterprises Limited has informed the Exchange regarding a press release dated Jun 19, 2025, titled "BuzzWorks Expands Hyderabad Footprint Infor India Private Limited Signs Deal for 24,000 Sft at BuzzWorks, Auro Orbit in HITEC City BuzzWorks Targets 1 Million Sq. Ft. Portfolio by FY2026".
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Brigade Group's managed workspace brand BuzzWorks has signed Infor India Private Limited for a 24,000 sq. ft. office at BuzzWorks Auro Orbit in HITEC City, Hyderabad. The deal strengthens BuzzWorks' Hyderabad presence and supports its plan to scale its managed workspace portfolio to 1 million sq. ft. by the end of FY2026. The press release cites strong Hyderabad commercial real estate momentum, with 12.5 million sq. ft. of Grade A space leased in 2024 (up 56% year-on-year), and flexible workspace operators holding a 14% share. BuzzWorks currently operates across Bengaluru, Hyderabad, Chennai, Kochi and Trivandrum, serving startups to large enterprises.
Positive incremental news for Brigade's commercial/co-working segment, reinforcing the diversification of its real estate business beyond residential. However, a single 24,000 sq. ft. tenant deal is unlikely to be material to overall revenue or move the stock meaningfully on its own.