Bengaluru-based listed real estate developer Brigade Group has signed a joint development for a residential project in West Bengaluru for a Gross Development Value (GDV) of about Rs 1,100 crore.
The project located on Tumkur Road sprawls 8 acres and has a development potential of 1.2 million square feet, the company said on July 3.
The project will consist primarily of two and three-bedroom apartments.
"Bengaluru’s residential real estate market is experiencing tremendous growth and we are excited to be part of this growth momentum. This project will be a significant landmark in this micro market of Tumkur Road and is in addition to our planned pipeline of over 12 million square feet of residential developments planned across Bengaluru, Chennai and Hyderabad in the coming year. West Bengaluru is increasingly being favoured for residential developments owing to its excellent connectivity and existing infrastructure," Pradyumna Krishnakumar, Executive Director, Brigade Enterprises Limited said.
In another development, the Group, recently announced the launch of Brigade Insignia, a premium residential project in Yelahanka, Bengaluru with a revenue potential of Rs 1,100 crore.
Brigade Insignia comprises six towers housing 379 units of 3, 4, and 5 BHK apartments spread across a 6-acre land parcel.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
