Brigade Enterprises Secures 4.04 Acres in Hyderabad for ₹118 Crore per Acre
Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about ₹118 crore per acre through an auction conducted by the Hyderabad Metropolitan Development Authority. The company announced this significant acquisition on December 4, further solidifying its presence in the bustling real estate market of Hyderabad.
This marks Brigade’s second investment in the Neopolis micro-market, following an earlier acquisition now being developed as Brigade Gateway (Plot No. 8). The move reinforces the company’s strategic expansion plans in Hyderabad, it said.
“Hyderabad is a key market in our expansion strategy,” said Amar Mysore, Executive Director, Brigade Enterprises Limited. “Around this time last year, we launched Brigade Gateway in Neopolis, a premium mixed-use development inspired by our iconic Bengaluru project. This development brings together all key asset classes, including Orion Mall, World Trade Center Hyderabad, a five-star deluxe InterContinental hotel, and high-end residences supported by a well-appointed clubhouse. With a robust pipeline of projects planned for Hyderabad, this acquisition underscores our commitment to investing in high-potential locations and delivering well-designed, future-ready developments for discerning customers,” he added.
Established in 1986, Brigade Group has developed numerous buildings and transformed skylines across cities such as Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. The group’s developments span residential, office, retail, hospitality, and education sectors, making it a prominent player in the Indian real estate market.
This latest acquisition in Hyderabad is a strategic move that aligns with Brigade Group’s vision to expand its footprint in key markets and continue delivering high-quality, innovative projects. The company’s focus on mixed-use developments reflects a growing trend in the real estate sector, where integrated communities that offer a blend of residential, commercial, and recreational spaces are becoming increasingly popular.
The acquisition of the land parcel in Neopolis Phase 3 is expected to further enhance Brigade Group’s portfolio and contribute to the company’s long-term growth. With a strong presence in multiple cities and a track record of successful projects, Brigade Group is well-positioned to capitalize on the growing demand for premium real estate in India’s major urban centers.
In addition to its expansion in Hyderabad, Brigade Group has also been active in other regions, including South Bengaluru, where it recently inked a joint development agreement for a housing project with an estimated sales target of ₹1,200 crore. These strategic moves demonstrate the company’s commitment to diversification and its ability to identify and capitalize on high-potential opportunities in the real estate market.
As the real estate sector continues to evolve, companies like Brigade Group are poised to play a crucial role in shaping the future of urban development in India. With its focus on quality, innovation, and customer satisfaction, Brigade Group is well-prepared to meet the changing needs of the market and continue its trajectory of growth and success.
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