Brigade Enterprises Limited has informed the Exchange about Material Information Brigade Group acquires 5.72 acres land in Hyderabad, to develop a residential project
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brigade Enterprises Limited has acquired a 5.72-acre prime land parcel at Osman Nagar, Hyderabad through an auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC). The company paid Rs. 44 Crores per acre, totaling approximately Rs. 252 Crores, excluding registration costs. Brigade plans to develop a residential project on this land, strategically located near major IT hubs such as HITEC City and Gachibowli with connectivity via the Outer Ring Road. The acquisition aligns with Brigade's strategy to expand its footprint in Hyderabad, which it identifies as one of the most dynamic real estate markets in India. The company views this as a pivotal step in its broader portfolio expansion in the city.
The land acquisition adds to Brigade's development pipeline in a high-growth market and signals continued expansion in Hyderabad's residential segment, which could support future revenue growth.