Brigade Group Buys 20-Acre Plot in East Bengaluru for ₹588 Cr, Plans ₹5,200 Cr Mixed-Use Project

In one of Bangalore’s oldest and most established real estate builders, Brigade Group, it has acquired a 20.19-acre tract of land located in the corridor of Whitefield-Hoskote for ₹588.33 crore. The acquisition is made via Ananthay Properties, a 100 percent-owned subsidiary of Brigade Enterprises.

This strategic acquisition has grand plans set for it. Brigade proposes bringing a mega-mixed-use development on the site, with an estimated Gross Development Value (GDV) of around ₹5,200 crore. Expected gross area from development will be approximately 4.2 million square feet of use: residential, commercial, and retail.

The site is one of the fast-growing areas in East Bengaluru, offering good connectivity to major IT and industrial zones with the addition of many key infrastructure developments, such as proposed metro lines and highways in the pipeline. Very high-potential growth corridor, according to analysts in the real estate industry, in future years could become part of a larger urban cluster.

Pavitra Shankar, Managing Director of Brigade Enterprises, said: “This acquisition fits with our vision of developing landmark destinations which integrate living, working and leisure. The Whitefield-Hoskote belt is poised for exponential growth, and we are excited to meaningfully contribute to its transformation.”

The statement is in line with Brigade’s continuing desire for the acquisition of high-value land within futuristic corridors. This project, therefore, proposes to strengthen the Group’s dedication to building integrated urban ecosystems that will adapt to the rapidly changing needs of a rapidly urbanizing India.

Brigade Group is nationally known for iconic projects throughout southern India and finds its expansions to be a principal element in developing its next chapter within East Bengaluru’s development narrative. This acquisition puts Brigade in step with the fast-emerging trend where industries are combining residential, commercial, and retail to create self-sustaining urban neighborhoods.

Over the next decade, this and similar developments are expected to considerably impact the new real estate landscape of Bengaluru, which has been steadily expanding in the city’s east direction.