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Brigade Enterprises has signed a joint development agreement to build a new residential project in Banashankari, 5th Stage, South Bengaluru. Spread across 7.5 acres, the project carries a gross development value of around INR 1,200 crore, reflecting its sales potential. Founded in 1986, Brigade Group is one of India's leading real estate developers with a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Its portfolio spans residential, office, retail, and hospitality segments.
Brigade Enterprises confirmed earlier this week that it had signed a joint development agreement to build a residential project in south Bengaluru. According to its regulatory filing, the project will be located at Banashankari, 5th Stage, and will cover a total area of 7.5 acres.
The company stated that the project carries a gross development value of about INR 1,200 crore, representing the estimated sales potential from the development.
Founded in 1986, Brigade Group has emerged as one of India's leading real estate developers. The firm maintains a strong presence in several key markets including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Its portfolio spans residential, office, retail, and hospitality projects, making it a diversified player in the property sector.
With a gross development value estimated at INR 1,200 crore, the project underlines the company's focus on high-potential locations. As Brigade Group continues to expand its footprint across major cities, the Banashankari development marks another step in consolidating its position as a leading name in India's real estate market.
Source - PTI
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