Brigade Group Launches Residential Project with Rs. 1,100 Crore Potential
Filing Summary
Brigade Enterprises Ltd has launched Brigade Belvedere, a residential project in East Bengaluru, with an estimated revenue potential exceeding Rs. 1,100 Crores. The development spans 10.75 acres on Budigere Main Road and includes two of five planned towers, offering 773 premium residential units. The project features 1, 2, and 3 BHK configurations, catering to the demand for quality housing near Bengaluru’s IT corridors. Brigade Belvedere emphasizes sustainable living and is part of Brigade’s commitment to achieving net zero carbon by 2045.
Brigade Enterprises Ltd has announced the launch of its new residential project, Brigade Belvedere, located on Budigere Main Road, off Old Madras Road in East Bengaluru. The project covers an area of 10.75 acres and includes two of the five planned towers. This initial phase comprises 773 premium residential units. The estimated revenue potential for this development exceeds Rs. 1,100 Crores.
The financial structure of the project indicates a significant investment in the East Bengaluru region. The project is expected to generate substantial revenue, reflecting the demand for high-quality residential units in the area. The development offers a variety of unit configurations, including 1, 2, and 3 BHK apartments, with sizes ranging from 715 sq. ft. to over 2,013 sq. ft. This range caters to diverse customer needs, providing options for different family sizes and preferences.
The scope of Brigade Belvedere includes the construction of premium residential units designed to maximize natural light and ventilation. The project features expansive decks for private outdoor retreats. The development also includes a 24,000 sq ft. Grand Clubhouse and an additional 6,000 sq ft. of amenities, promoting community engagement and offering world-class fitness and leisure activities. The project’s location provides residents with access to major corporate offices, hotels, educational institutions, and healthcare facilities, enhancing the urban living experience.
The market context for Brigade Belvedere is characterized by increasing demand for sustainable housing solutions in Bengaluru’s rapidly growing IT corridors. The Budigere and Old Madras Road micro markets are experiencing growth due to improved infrastructure and connectivity. This project aligns with Brigade’s strategy to deliver climate-resilient and technologically advanced homes, contributing to the company’s broader goal of achieving net zero carbon by 2045.
The timeline for the project includes the initial launch of two towers, with further phases planned for future development. Brigade Enterprises Ltd is responsible for the project’s execution, ensuring adherence to quality standards and timely delivery. The project’s strategic location and design are expected to attract interest from potential buyers seeking proximity to Bengaluru’s commercial hubs.
Brigade Enterprises Ltd, established in 1986, is a leading property developer in India with a focus on creating positive experiences for stakeholders. The company has developed landmark buildings across cities such as Bengaluru, Chennai, Hyderabad, and others, spanning sectors like residential, office, retail, hospitality, and education. Brigade is committed to sustainability and innovation in its developments.