Brigade Group signs ₹2,500 crore joint development agreement for luxury residential project in East Bengaluru spanning 10.75 acres with 2.5 million sq ft premium living space

Brigade Group Signs ₹2,500 Crore JDA for Luxury Residential Development in East Bengaluru

Brigade Group, one of Bengaluru’s leading real estate developers, has signed a joint development agreement (JDA) for a luxury residential project in East Bengaluru, with an estimated Gross Development Value (GDV) of ₹2,500 crore.

Project Highlights

• Land Area: 10.75 acres

• Total Saleable Space: 2.5 million sq ft

• Location Advantage: Well-connected to commercial hubs and backed by strong social infrastructure, making it a highly attractive residential corridor.

The project is positioned as a premium housing community, designed to meet the growing demand for sustainable and lifestyle-driven developments in East Bengaluru.

Leadership Vision

Pavitra Shankar, Managing Director of Brigade Enterprises, stated:

“Bengaluru is our primary market, and this new development reflects our commitment to focus on premium micro markets that combine connectivity, infrastructure, and lifestyle appeal. The location is evolving as a premium corridor, and this project represents our vision for the future of urban living in Bengaluru.”

Market Context

• Brigade Enterprises’ shares recently traded around ₹910.70, down nearly 27% in 2025.

• Despite stock volatility, Brigade targets ₹9,000 crore pre-sales by FY 2025–26, projecting strong 28–30% EBITDA margins in residential sales.

• Earlier this year, Brigade acquired 20.19 acres near Whitefield–Hoskote for ₹588.33 crore, with a GDV of ₹5,200 crore.

Why It Matters

1. Strategic Location: East Bengaluru continues to emerge as a premium residential hub.

2. Luxury Focus: Brigade strengthens its luxury housing portfolio.

3. Financial Strength: Strong pre-sales growth targets highlight resilience.

4. Urban Living Redefined: Focus on sustainability, lifestyle, and community living.

Conclusion

This ₹2,500 crore JDA positions Brigade Group to further dominate Bengaluru’s luxury housing landscape. With premium location benefits, large-scale development potential, and sustainability-driven design, the project is expected to attract aspirational homebuyers and investors, redefining urban living in East Bengaluru.