Brigade Group Acquires 5.72 Acres in Hyderabad for ₹44 Crore per Acre
Brigade Group, a Bengaluru-based real estate developer, has acquired a 5.72-acre land parcel in Hyderabad through a recent auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), the company said in a regulatory filing on April 28.
The Acquired Land
- Location: Osman Nagar
- Area: 5.72 acres
- Price: ₹44 crore per acre (excluding registration costs)
Future Development Plans
According to the developer, the land will be developed into a premium residential project, catering to the growing demand for high-quality housing in the area.
"Hyderabad has been a key focus market for us, having emerged as one of the most dynamic real estate markets in the country, and this land parcel in Osman Nagar is a strategic fit, meeting our stringent criteria for scale and suitability for premium development," said Amar Mysore, Executive Director, Brigade Enterprises Limited.
About Osman Nagar
Osman Nagar has emerged as a preferred residential micro-market due to its proximity to major employment hubs such as HITEC City and Gachibowli, as well as its connectivity through the Outer Ring Road, relatively lower-density surroundings, and improved social infrastructure.
Previous Transactions
Recent Joint Development Agreement
On April 15, the company signed a joint development agreement (JDA) for an 8.63-acre land parcel in Bengaluru’s Gunjur to develop a 39-acre integrated residential township.
- Location: Gunjur, Bengaluru
- Area: 8.63 acres
- Project Details: Proposed development along the Whitefield–Sarjapur Road corridor, with an estimated gross development value (GDV) of around ₹7,200 crore
Other Notable Transactions
- Launched a 10.75-acre residential project in East Bengaluru with an estimated revenue potential of over ₹1,100 crore
- Forayed into the industrial real estate segment with the launch of Brigade Industrial Park, a 25-acre project in Devanahalli in North Bengaluru
- Partnered with Primus Senior Living to launch three senior living communities across Bengaluru and other South Indian markets
- Partnered with Hyatt to expand its hospitality footprint with two new projects: a beachfront luxury hotel in Chennai and serviced apartments in Bengaluru’s airport corridor