Brigade Enterprises Acquires 4.04 Acres in Hyderabad for Rs 476 Cr
Filing Summary
Brigade Enterprises Limited has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, through an auction conducted by the Hyderabad Metropolitan Development Authority. The acquisition cost is Rs. 118 Crores per acre, totaling Rs. 476 Crores. This purchase follows the company’s previous acquisition in the same area, which is being developed as Brigade Gateway. The acquisition is part of Brigade’s strategic growth plans in Hyderabad, focusing on high-potential locations and future-ready developments.
Brigade Enterprises Limited has announced the acquisition of a 4.04-acre land parcel, identified as Plot No. 20, in Neopolis Phase 3, Hyderabad. The acquisition was completed through an auction conducted by the Hyderabad Metropolitan Development Authority. The total consideration for this land is Rs. 476 Crores, calculated at Rs. 118 Crores per acre.
This acquisition is part of Brigade’s ongoing expansion strategy in Hyderabad. The company had previously acquired another plot in the same micro-market, which is currently being developed as Brigade Gateway. This development includes a premium mixed-use project inspired by Brigade’s Bengaluru project, featuring key asset classes such as Orion Mall, World Trade Center Hyderabad, a five-star deluxe InterContinental hotel, and high-end residences.
Brigade Enterprises has emphasized its commitment to investing in high-potential locations and delivering well-designed developments. The company has a robust pipeline of projects planned for Hyderabad, reinforcing its strategic growth plans in the city.
Established in 1986, Brigade Enterprises Limited is one of India’s leading property developers. The company has extensive experience in developing residential, office, retail, hospitality, and education sectors. Brigade has transformed skylines across various Indian cities, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.