Brigade Enterprises Limited has informed the Exchange regarding a press release dated July 29, 2025, titled "Brigade Group Signs Joint Development Agreements for Two Residential Projects in Hyderabad - Luxury Living in Moti Nagar with ₹970 Crores Revenue Potential Across Approximately 1 Million Sq. Ft.".
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Brigade Enterprises has signed Joint Development Agreements (JDAs) for two new luxury residential projects in Moti Nagar, Hyderabad — Brigade Citadel 2 and Citadel 3. The projects will be developed on 10 acres of land with a combined development potential of about 1 million square feet, offering 405 premium 3 & 4 BHK residences. The estimated revenue potential exceeds ₹970 crores. These projects are an extension of the successful Brigade Citadel phase 1, reinforcing Hyderabad as one of Brigade's key focus markets in South India.
This expansion adds meaningful scale to Brigade's Hyderabad portfolio and locks in over ₹970 crores of future revenue potential, which is positive for long-term growth visibility. The market may view the move favorably as it shows continued land banking momentum in a high-demand micro-market, though near-term stock impact is likely to be limited since revenue will be realized over multiple years.