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Brigade Enterprises Ltd has acquired a 20.19-acre plot in the Whitefield-Hoskote corridor of Bengaluru for INR 588.33 crore to develop a residential-cum-commercial project with a 4.2 million sq ft development potential. The company anticipates revenue of INR 5,200 crore from the project. Positioned as a landmark development, the project forms a part of Brigade's ongoing growth strategy in South India, where the firm already holds a strong presence.
Brigade Enterprises Ltd has finalised the outright purchase of a 20.19-acre land parcel in Bengaluru's rapidly developing Whitefield-Hoskote Corridor for INR 588.33 crore. The acquisition is part of the company's long-term expansion strategy and aims to deliver a mixed-use residential and commercial project with a total development scope of 4.2 million square feet. Advertisement
In its regulatory filing, Brigade described the location as "prime," given the growth potential of the Whitefield-Hoskote belt. The firm projects a revenue generation of approximately INR 5,200 crore from this forthcoming development.
Managing Director Pavitra Shankar stated that the acquisition reflects the company's commitment to building integrated spaces that blend living, working, and leisure. She noted that the Whitefield-Hoskote corridor is undergoing significant transformation and expressed enthusiasm about Brigade's role in shaping the area?s future.
Brigade Enterprises continues to maintain a strong foothold in South India's real estate market, with its portfolio spanning residential, office, retail, and hospitality developments. The company has previously launched notable projects in Bengaluru, Chennai, Hyderabad, and Kochi, with Whitefield remaining one of its key zones of interest due to its tech-driven demand and growing infrastructure.
With over INR 5,000 crore in projected revenue and 4.2 million sq ft of development, the move signals the company's intent to drive long-term value through high-potential locations. This acquisition also cements Brigade's ongoing expansion efforts, reflecting its evolving role in shaping southern India's urban fabric.
Source - PTI
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