Acquisitions28 Apr 2026, 02:22 pm
Brigade acquires 5.72 acres in Hyderabad for ₹44 Cr/acre residential project
AI Summary
Brigade Group has acquired a 5.72-acre land parcel in Osman Nagar, Hyderabad, through an auction conducted by Telangana Industrial Infrastructure Corporation (TGIIC). The outright purchase was made at a price of ₹44 Crores per acre, excluding registration costs. The company intends to develop a residential project on this prime land. This acquisition is a strategic move to deepen Brigade's presence and expand its portfolio in Hyderabad, which is identified as a dynamic real estate market. The location is considered ideal due to its proximity to IT hubs like HITEC City and Gachibowli, seamless connectivity via the Outer Ring Road, and a serene environment.
Key Highlights
- Brigade Group acquired 5.72 acres of land in Hyderabad.
- The land was purchased for ₹44 Crores per acre.
- The company plans to develop a residential project on the site.
- Acquisition is a strategic step for expansion in Hyderabad.
- Location offers proximity to IT hubs and good connectivity.