Brigade Enterprises to Develop Rs.650 Cr Residential Project in Secunderabad
Filing Summary
Brigade Enterprises Ltd has signed an agreement to acquire a 2.25-acre land parcel in Secunderabad. The acquisition will facilitate the development of a residential project with an estimated Gross Development Value (GDV) of approximately Rs.650 Crores. This transaction is part of the company’s strategy to expand its footprint in high-growth corridors. The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project will focus on premium living spaces, aligning with Brigade’s standards for location potential and development viability.
Brigade Enterprises Ltd has entered into an agreement to purchase a prime land parcel measuring 2.25 acres in Secunderabad. The acquisition will be executed through an outright purchase. The company plans to develop a residential project on this land with an estimated Gross Development Value (GDV) of approximately Rs.650 Crores.
This acquisition is disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project will focus on creating premium living spaces, adhering to Brigade’s standards for location potential and development viability.
The agreement aligns with Brigade’s strategic growth plans to expand its presence in high-growth corridors, particularly in Telangana. The company aims to enhance the urban landscape of the region through this development.
Brigade Enterprises Ltd, established in 1986, is a leading property developer in India. The company has extensive experience in creating residential, office, retail, hospitality, and educational spaces. Brigade has developed landmark buildings and transformed skylines in cities such as Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.