Brigade Group secures major residential development in south Bengaluru

Brigade Enterprises Limited informed the National Stock Exchange of India and BSE Limited about signing a joint development agreement for a residential project. The project is in Banashankari, 5th Stage, South Bengaluru, spanning 7.5 acres. It is estimated to have a gross development value (GDV) of ₹ 1,200 Crores, aiming to deliver high-quality urban living experiences.

The company issued a press release detailing the Banashankari project. This development is strategically located to offer premium apartments, leveraging its proximity to key infrastructure, educational institutions, and commercial hubs. Pavitra Shankar, managing director of Brigade Enterprises Ltd., highlighted Banashankari's blend of heritage, connectivity, and robust social infrastructure as ideal for quality residential development.

This disclosure aligns with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project underscores Brigade Group's nearly four decades of expertise in real estate, with a presence across major Indian cities including Bengaluru, Chennai, and Hyderabad.