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Ananthay Properties, a subsidiary of Brigade Group, has signed a definitive agreement for about 20 acres land parcel located on Whitefield-Hoskote Road, Bengaluru for a total of Rs 630 crore (approximately).
The residential project will have a total saleable area of approximately 2.5 million sq ft and a gross development value (GDV) of about Rs 2,700 crore.
Pavitra Shankar, managing director of the company said, “We remain focused on acquiring prime land in key markets to strengthen our land holdings.”
The company plans to develop approximately 12.61 million sq ft of new residential developments across Bengaluru, Chennai, and Hyderabad.
