Brigade Enterprises Limited has informed the Exchange about Material Information - Brigade Group Signs JDA for Rs. 850-Crore Premium Residential Project in Hyderabad
BRIGADE · price
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Brigade Enterprises has signed a Joint Development Agreement (JDA) to develop a premium residential project on 5.6 acres in Kompally, Hyderabad. The project has an estimated revenue potential of ₹850 crores. This is Brigade's latest expansion in Hyderabad, following previous projects like Brigade at No.7 (Banjara Hills), Brigade Citadel, Brigade Gateway (Neopolis), and Brigade Enclave/Manor. The company plans to deploy around ₹5,000 crore across residential, commercial, hospitality, and retail in Hyderabad over the next 3-4 years. The project targets the rising demand for quality housing in North Hyderabad's high-growth corridor.
The ₹850 crore project represents a significant addition to Brigade's order book/pipeline, likely exceeding 20% of annual revenue, signaling strong growth visibility. This should be positive for the stock as it demonstrates the company's ability to secure large premium projects in high-growth markets.