Brigade Enterprises Limited has informed the Exchange regarding a press release dated April 28, 2026, titled "Brigade Group acquires 5.72 acres land in Hyderabad, to develop a residential project".
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Brigade Enterprises has acquired a 5.72-acre land parcel (Plot 6) in Osman Nagar, Hyderabad through an auction conducted by Telangana Industrial Infrastructure Corporation (TGIIC). The land was bought at Rs. 44 Crores per acre, putting the total deal value at approximately Rs. 252 Crores (excluding registration costs). The company plans to develop a premium residential project on this land. The location is strategically positioned near IT hubs like HITEC City and Gachibowli with good Outer Ring Road connectivity. This is part of Brigade's broader strategy to expand its portfolio in Hyderabad, which it considers one of India's most dynamic real estate markets.
This is a meaningful land bank addition that strengthens Brigade's residential pipeline in a high-growth market. While the deal size is material, it is funded through internal accruals and fits within the company's ongoing expansion strategy, with no immediate impact on near-term earnings. Investors should watch for project launches and sales velocity from this parcel in the coming quarters.