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Brigade Enterprises has signed a joint development agreement to develop a premium housing project in Kompally, Hyderabad, with an estimated revenue potential of INR 850 crore. The project will be developed on a 5.6-acre land parcel as the company continues to strengthen its residential portfolio in Hyderabad. Brigade Enterprises also reiterated its plan to invest nearly INR 5,000 crore across residential, commercial, retail and hospitality projects over the next three to four years. Hyderabad remains a key market for the Bengaluru-based developer due to rising housing demand, infrastructure growth and steady real estate activity across premium residential segments.
Brigade Enterprises has signed a joint development agreement (JDA) for a premium residential project in Kompally, Hyderabad, with an estimated revenue potential of around INR 850 crore. Advertisement
The Bengaluru-based real estate developer said in a regulatory filing released earlier this week that the housing project will be developed on a 5.6-acre land parcel located in the northern part of Hyderabad. The company has not disclosed the name of the landowner involved in the agreement.
The upcoming Hyderabad residential project is part of Brigade Enterprises’ expansion strategy in southern India, where the company has been increasing its focus on key housing markets with strong end-user demand. Kompally has emerged as an active residential micro-market in recent years due to improving road connectivity, social infrastructure and growing interest from homebuyers looking for premium and mid-segment housing options.
Brigade Enterprises said Hyderabad continues to remain an important market for the company’s future growth plans. The developer also confirmed that it plans to deploy nearly INR 5,000 crore over the next three to four years across residential, commercial, retail and hospitality developments.
The company has been actively expanding its project pipeline through land acquisitions and joint development agreements across multiple cities. In the past few quarters, Brigade Group has announced several residential and mixed-use developments as developers continue to focus on cities with stable demand and improving absorption levels.
Founded in 1986, Brigade Group has a presence across residential, office, retail and hospitality segments. The company has developed projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City. Over the years, Hyderabad has become one of the company’s important growth markets, supported by demand from the IT and business sectors.
The Hyderabad real estate market has continued to witness steady project launches from listed developers amid rising demand for organised housing projects. Many developers are increasingly using the joint development model to expand their land bank while managing upfront acquisition costs more efficiently.
Source PTI
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