Brigade Group to Invest Rs 4,500 Crore in Hyderabad for 10-Acre Mixed-Use Project
Bengaluru-based real estate giant, Brigade Group, is set to invest around Rs 4,500 crore in a 10-acre integrated project in Hyderabad. This ambitious development will feature luxury homes, office-retail spaces, and a commercial tower, including a mall, of
Real EstateLuxury HomesHyderabadBrigade GroupMixeduse ProjectReal Estate NewsJan 08, 2025
The project, spanning 10 acres, will be a mixed-use development featuring luxury residences, office-retail spaces, and a commercial tower.
This strategic move aims to capitalize on the strong demand for premium housing and commercial properties in the city.
Project Overview
The project, named 'Brigade Gateway,' is situated at Neopolis Kokapet, Hyderabad.
It will be a 45 lakh square feet mixed-use development, with approximately 25 lakh square feet dedicated to luxury homes.
The residential section will comprise 600 flats, initially priced between Rs 4 crore to Rs 12 crore each.
The commercial tower will cover 20 lakh square feet, including a 6 lakh square feet mall, 10 lakh square feet of office space, and a 300-key Intercontinental Hotel.
Financial and Development Details
The total investment for the project, including land acquisition and construction, is estimated at Rs 4,500 crore.
This will be funded through a combination of equity, customer sales, and construction finance.
The company has a clear vision of creating transformative developments that not only redefine urban landscapes but also enhance the quality of life for residents and businesses.
Residential and Commercial Highlights
The residential towers, standing at 212 meters, will be among the tallest buildings in Hyderabad.
The commercial tower, with its 4,000 square meter floor plates, will become an iconic addition to the city's skyline.
The office space will be branded under the 'World Trade Center' label, offering flexible and premium workspaces to corporates.
Frequently Asked Questions
What is the total investment for the 'Brigade Gateway' project?
The total investment for the 'Brigade Gateway' project is estimated at Rs 4,500 crore, covering both land acquisition and construction costs.
How many flats will be included in the residential section of the project?
The residential section of the 'Brigade Gateway' project will feature 600 luxury flats, initially priced between Rs 4 crore to Rs 12 crore each.
What will the commercial tower include?
The commercial tower will include a 6 lakh square feet mall, 10 lakh square feet of office space, and a 300-key Intercontinental Hotel.
What is the height of the residential towers in the project?
The residential towers in the 'Brigade Gateway' project will stand at 212 meters, making them one of the tallest buildings in Hyderabad.
How will Brigade Group manage the commercial spaces in the project?
Brigade Group will not sell the commercial spaces but will rent them to corporates, ensuring long-term revenue streams and maintaining the quality and management of the properties.
Related News Articles
B-Right Realty Welcomes Nishikant Shimpi as CEO and Anand Chirania as CFO
B-Right Realty, a prominent player in the real estate market, has recently appointed Nishikant Shimpi as CEO and Anand Chirania as CFO to lead the company's expanding portfolio of residential and commercial projects, particularly in the Slum Rehabilitatio
New Government Expected to Bring Positive Reforms to Real Estate Sector
The Indian real estate sector is hopeful that the new government will introduce reforms to boost the market. A simplified tax regime and sustainable practices are expected to benefit both developers and homebuyers.
Macrotech Developers: Betting on Resilience in a Slowing Indian Real Estate Market
Despite an anticipated slowdown in India's real estate sector, Macrotech Developers remains optimistic. The company, known for its significant presence in cities like Mumbai, Bengaluru, and Pune, is leveraging strategic investments and robust demand to maintain its growth trajectory.
Understanding Stamp Duty and Registration Charges in Navi Mumbai for 2024-25
As of April 1, 2022, the Maharashtra government has introduced a 1% metro cess on property purchases in Navi Mumbai, in addition to the existing stamp duty. This article provides a detailed overview of the latest changes and important details you need to
Pune, Delhi-NCR Lead with 3 Lakh Homes Worth ₹4.26 Lakh Crore Sold in Jan-Sep
In the first three quarters of the year, Pune and Delhi-NCR have emerged as the top performers in the residential real estate market, with about 3 lakh homes worth ₹4.26 lakh crore sold. These regions have seen a significant boost in property sales, accor
Aditya Birla Real Estate's Stock Sees 3.17% Decline, Underperforming Sector and Market
Aditya Birla Real Estate, a prominent player in the diversified real estate sector, witnessed a significant 3.17% drop in its stock price on January 3, 2025, underperforming both its sector and the broader market.