Brigade Enterprises to build 39-acre township in Bengaluru aims Rs 7 200-cr revenue

New Delhi, Apr 15 (PTI) Realty firm Brigade Enterprises Ltd on Wednesday said it will develop a 39-acre township project in Bengaluru with an estimated revenue potential of Rs 7,200 crore.
     In a regulatory filing, the company said it has signed a Joint Development Agreement (JDA) for an 8.63-acre parcel in Gunjur, East Bengaluru.
     The signing of the JDA will enable the company to develop a larger 39-acre integrated residential township in the Whitefield–Sarjapur corridor.
     "The 39-acre development, planned primarily as a large-scale residential township, will have an estimated gross development value (GDV) of about Rs 7,200 crore," it added.
     The overall land assembly for the township is being undertaken through a combination of outright purchase and joint development agreements.
     Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Whitefield-Sarjapur Road continues to be one of Bengaluru's most compelling micro markets and residential growth corridors, driven by infrastructure expansion, connectivity, and strong employment catchments."
     Established in 1986, Brigade Group has developed many real estate projects. It has presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.

(This story has not been edited by THE WEEK and is auto-generated from PTI)