Brigade Group Signs Joint Development Agreement for ₹7,200 Crore Residential Township in Bengaluru
Brigade Group, a leading real estate developer based in Bengaluru, has signed a joint development agreement (JDA) for an 8.63-acre land parcel in Gunjur to develop a 39-acre integrated residential township, the company announced in a regulatory filing on April 15.
Key Features of the Proposed Development
- The proposed development, located along the Whitefield–Sarjapur Road corridor, is planned primarily as a large-scale residential project with an estimated gross development value (GDV) of around ₹7,200 crore.
- The township will feature a mix of multi-generational housing options, including senior living spaces and integrated amenities.
In a statement, the company highlighted the significance of the 8.63-acre JDA in progressing the larger master-planned development, stating that the overall land assembly is being undertaken through a combination of outright purchase and joint development agreements.
Pavitra Shankar's Insights on the Project
Pavitra Shankar, Managing Director, Brigade Enterprises Limited, emphasized the strong residential demand in the Whitefield–Sarjapur micro-market, driven by infrastructure upgrades, improved connectivity, and proximity to major employment hubs.
"The signing of this JDA is an important milestone that strengthens our residential pipeline in East Bengaluru and enables us to move forward with a large, integrated township development. Brigade has a strong track record of delivering well-planned residential communities, and this township will reflect our focus on quality, scale, and long-term liveability."
— Pavitra Shankar, Managing Director, Brigade Enterprises Limited
Previous Transactions in Bengaluru
- The company had launched a 10.75-acre residential project in East Bengaluru with an estimated revenue potential of over ₹1,100 crore, named Brigade Belvedere.
- Brigade Group had also forayed into the industrial real estate segment with the launch of Brigade Industrial Park, a 25-acre project in Devanahalli in North Bengaluru.
- The company has also partnered with Primus Senior Living to launch three senior living communities across Bengaluru and other South Indian markets.
- Additionally, Brigade Group has 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.
The company's residential projects in Bengaluru have seen significant demand, with prices ranging from ₹60 lakh to ₹3 crore, depending on the location and amenities.