Brigade Group Announces Joint Venture Deal in Yelahanka Bengaluru for Residential Project

Brigade Group Announces Joint Venture Deal in Yelahanka Bengaluru for Residential Project

Brigade Group, a leading real estate developer, has signed a Joint Venture Deal in Yelahanka, Bengaluru with Krishna Priya Estates and Micro Labs to develop a new residential project in Yelahanka, Bengaluru.

Project Highlights:

• Location: Yelahanka, Bengaluru
• Land Area: Approximately 14 acres
• Construction Area: Nearly 2 million sq ft
• Project Focus: Quality, sustainability, robust infrastructure, and seamless connectivity
• Estimated GDV (Gross Development Value): Rs 2,100 crore

Brigade Group’s Expansion:

• Added approximately 42 acres of land across Bengaluru, Hyderabad, and Chennai in Q2 FY24.
• Plans to launch projects covering nearly 13 million sq ft in the next four quarters.
• 11 million sq ft of the planned projects will be residential with an estimated cost of Rs 11,000 crore.

Quote:

• Pavitra Shankar, Managing Director, Brigade Enterprises Ltd.:
  • “We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of Rs 2,100 crore on completion.”

Overall, this joint venture signifies Brigade Group’s continued investment in Bengaluru’s residential market. The project is expected to offer high-quality, sustainable living spaces upon completion.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in