Business Update23 May 2024, 11:39 pm
Brigade Enterprises Ltd. Signs JDA for a Prime Residential Project on Old Madras Road, Bengaluru with a Gross Development Value of Rs. 720 Cr
AI Summary
Brigade Enterprises Ltd. has announced the signing of a Joint Development Agreement (JDA) to build a residential project spread over 6.9 acres, with a potential of around 0.8 Mn Sqft and a Gross Development Value of Rs. 720 Cr. The project, located in the lake-facing prime neighborhood of Old Madras Road, is in close proximity to key micro-markets like Indiranagar and Whitefield, and offers good connectivity to various parts of the city. Brigade Group, which has a robust pipeline of around 12.61 Mn Sqft in residential development across Bengaluru, Chennai and Hyderabad, is known for its innovative designs, commitment to sustainability, and amenities for contemporary living.
Key Highlights
- Brigade Enterprises Ltd. signs JDA for a residential project on Old Madras Road, Bengaluru
- Project spans 6.9 acres with a potential of 0.8 Mn Sqft and a Gross Development Value of Rs. 720 Cr
- Project is lake-facing and located in the prime neighborhood of Old Madras Road
- Project is in close proximity to micro-markets like Indiranagar and Whitefield
- Brigade Group, which has a robust pipeline of 12.61 Mn Sqft in residential development, is committed to innovative designs, sustainability, and contemporary living