Brigade Group Unveils Luxurious Housing Tower near Bengaluru Airport
Brigade Group launches new housing project near Bengaluru airport, expects ₹400 crore revenue
HousingBrigade GroupBengaluruReal EstateResidential ProjectReal Estate NewsJul 12, 2024
IT Parks, and the upcoming airport metro in its vicinity. The residential tower will comprise 948 one-bedroom apartments and is expected to be completed in the second quarter of financial year 2028-29. Residents will enjoy 80 amenities, including a hospital, a central park, a multiplex, sports and retail facilities.
Brigade Group has experienced a surge in demand for high-quality, sustainable real estate in the region, driven by the presence of multinational companies in North Bengaluru. The company has also announced plans to develop an 8-acre residential project in West Bengaluru with a revenue potential of ₹1,100 crore, as well as a premium residential project in North Bengaluru with a revenue potential of ₹1,100 crore.
Brigade Group has a presence in the residential, commercial, retail, hospitality, and education sectors, with a portfolio of 275-plus buildings comprising over 80 million sq ft of developed space across multiple cities in South India.
Frequently Asked Questions
Where is the new housing tower located?
The new housing tower, Cobalt, is located in Brigade El Dorado, a 50-acre township in KIADB Aerospace Park, Bengaluru.
How many apartments are available in the new housing tower?
The new housing tower will comprise 948 one-bedroom apartments.
What is the expected revenue from the project?
The company expects a revenue of over ₹400 crore from the 6.1 million square feet project.
What amenities will be available to residents?
Residents will enjoy 80 amenities, including a hospital, a central park, a multiplex, sports and retail facilities.
When is the project expected to be completed?
The project is expected to be completed in the second quarter of financial year 2028-29.
Related News Articles
NCR Housing Market Sees Remarkable Growth: What's Driving the Surge?
Discover the factors behind the 49% increase in average residential prices in NCR over the past five years and its impact on the real estate market.
UP RERA Mandates QR Codes for Realty Projects in Brochures and Advertisements
Uttar Pradesh Real Estate Regulatory Authority introduces QR codes for new real estate projects to ensure transparency and accountability.
India's Economy Needs a Bold Stroke: Redesigning the Capital Gains Tax Structure for Growth
In order to rebuild growth, India's budget needs to focus on resource mobilization and allocation, and that requires a bold approach, including redesigning the capital gains tax structure and letting the rupee fall to encourage local manufacturing.
Government Proposes Amendment to LTCG Tax on Real Estate Transactions
The government has introduced a change to the Long-Term Capital Gains (LTCG) tax on real estate transactions, scrapping the indexation benefit for properties bought in and after 2001.
Investment Alert: Avoid Metals and Consumer Staples Sectors, Warns Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, advises against investing in metals and consumer staples sectors due to China's dominance and high valuations.
Why Real Estate is the Best Asset Class to Invest in
How to participate in real estate investments, renting your property, commercial real estate, real estate investment trusts (REITs), and more.