Brigade Group Signs JDA for ₹850-Crore Premium Residential Project in Hyderabad

Brigade Group has announced the signing of a Joint Development Agreement (JDA) to develop a premium residential project on a prime land parcel spanning 5.6 acres in the high-growth corridor of Kompally, Hyderabad. The project will have an estimated revenue potential of ₹850 crores.

The proposed residential development will cater to the rising demand for high-quality, sustainable, and modern living spaces in North Hyderabad. Brigade plans to transform this land parcel into a landmark residential community that blends architectural excellence with world-class amenities.

Commenting on the expansion, Amar Mysore, Executive Director, Brigade Enterprises Limited said, "Hyderabad is a vital growth market for Brigade, and our commitment to expanding our footprint is evident in the consistency of our new projects in the region. The city's robust economic momentum, driven by thriving technology and infrastructure sectors, makes it an ideal market for us. As we further scale our operations, our focus will continue to remain on acquiring strategically located land parcels that not only offer high growth potential but also strictly align with the core principles, governance, and ethical standards that we stand for."

Brigade Group marked its debut in Hyderabad with Brigade at No.7 in Banjara Hills, expanded with Brigade Citadel in Moti Nagar and continues to strengthen its presence with Brigade Gateway at Neopolis, a 4 Million sqft premium mixed-use development, and Brigade Enclave and Brigade Manor in Moti Nagar. This acquisition comes close on the heels of the previously announced four-acre project in Neopolis that is in an advanced design stage. Strengthening it's expansion in Hyderabad Brigade will deploy around 5000 Cr across residential, commercial, hospitality and retail over the next 3-4 years.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 669.80 as compared to the previous close of Rs. 672.25. The total number of shares traded during the day was 12849 in over 863 trades.

The stock hit an intraday high of Rs. 683.95 and intraday low of 668.10. The net turnover during the day was Rs. 8669083.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty JDA PremiumResidentialProject Hyderabad