Particle.news
Download on the App Store
3 ARTICLES
·
last mo.

Brigade Enterprises Acquires 20-Acre Bengaluru Site for ₹5,200 Crore Mixed-Use Project

The development will feature 4.2 million square feet of integrated living, working, retail space in Bengaluru’s rapidly growing Whitefield-Hoskote corridor.

Bengaluru-based listed real estate developer Brigade Group has acquired a 20.19-acre land parcel along eastern Bengaluru's Whitefield–Hoskote Road for ₹588.33 crore. (Representational Image)

Overview

  • Brigade Enterprises completed the outright purchase of a 20.19-acre plot for ₹588.33 crore through its subsidiary Ananthay Properties.
  • The company intends to build a 4.2 million square foot housing-cum-commercial development with residential, commercial and retail components.
  • Brigade projects the mixed-use scheme will generate ₹5,200 crore in gross development value under its integrated destination model.
  • The Whitefield-Hoskote corridor’s new infrastructure links and proximity to IT parks make the site highly strategic for the developer.
  • Brigade is securing regulatory approvals and finalizing project execution as part of its broader plan to expand landmark mixed-use destinations across South India.