Brigade Group Signs Joint Development Agreement for ₹2,500 Crore Luxury Residential Project in East Bengaluru

Brigade Group Signs Joint Development Agreement for ₹2,500 Crore Luxury Residential Project in East Bengaluru

Bengaluru-based real estate giant Brigade Group has announced a significant step forward with its latest joint development agreement (JDA) for a luxury residential project in East Bengaluru. The project, valued at an estimated gross development value (GDV) of ₹2,500 crore, is poised to shape the skyline of one of the city's rapidly evolving premium residential corridors.

Project Overview

The upcoming development spans a land parcel of approximately 10.75 acres with a total saleable area exceeding 2.5 million square feet. The project aims to cater to the needs and aspirations of modern urban homebuyers and investors, blending high-quality construction with strategic location benefits. Situated near key commercial hubs and well-developed social infrastructure, this development promises excellent connectivity and lifestyle appeal.

A Strategic Focus on Premium Micro-Markets

Pavitra Shankar, Managing Director of Brigade Enterprises, elaborated on the importance of the project: “Bengaluru remains our core market, and this new venture underscores our strategic commitment to delivering high-quality developments in premium micro-markets. This location is rapidly progressing as a sought-after residential hub that combines connectivity, infrastructure, and lifestyle features. We believe the project will play a pivotal role in attracting a new generation of aspirational homebuyers.”

The project embodies Brigade Group's vision for future urban living in Bengaluru with a focus on efficiency, sustainability, and fostering a strong community.

Brigade's Expanding Residential Footprint

This JDA adds to Brigade Group's robust pipeline, which currently includes approximately 12.61 million square feet of planned residential projects across Bengaluru, Chennai, and Hyderabad. The group’s recent strategic moves have included a major acquisition on Whitefield-Hoskote Road for a ₹5,200 crore project and multiple other joint development agreements focusing on both luxury and mid-income housing segments.

Brigade’s diversified portfolio spans residential, commercial, retail, hospitality, and education sectors, but residential remains their primary growth engine. The emphasis on joint development agreements reflects the company's approach to expanding rapidly in key markets while managing capital efficiently.

Market Context and Outlook

Bengaluru’s residential market has witnessed steady demand growth, driven largely by IT professionals, global capability centers, and a rising affluent class including returning NRIs. The eastern corridor, in particular, benefits from enhanced road connectivity and upcoming metro infrastructure, making it a hotspot for premium housing projects.

Analysts expect Brigade Group's luxury housing projects, such as this latest one, to attract aspirational buyers seeking premium homes that combine modern amenities with sustainable and community-focused urban designs.

This new project highlights Brigade Group's continuous commitment to shaping Bengaluru’s real estate landscape with premium residential solutions, catering to evolving market demands and lifestyle aspirations.