Brigade Enterprises has successfully acquired a 2.25-acre land parcel located in Secunderabad for the purpose of developing a new housing project. In its regulatory filing, Brigade announced that the agreement for the land acquisition has been finalized, although the financial details regarding the cost of the land remain undisclosed.
This new initiative enhances Brigade’s expanding footprint in the real estate industry, which includes cities such as Bengaluru, Chennai, Hyderabad, and Kochi.
This project holds considerable revenue potential and will further bolster our portfolio in essential markets. Founded in 1986, Brigade Enterprises has undertaken the development of numerous residential, commercial, and mixed-use projects throughout the years.
The forthcoming housing project in Secunderabad is anticipated to make a substantial contribution to the company’s growth, with an estimated gross development value (GDV) of Rs 650 crore.
