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
Vanguard Group Pours Rs 158 Crore into Nexus Select Trust Units, Boosting Indian Retail REIT
Nexus Select Trust, India's pioneering retail-focused real estate investment trust (REIT), secures Rs 158 crore investment from Vanguard Group, a global investment giant.
Maharashtra Apartment Act: Proposed Amendments Set to be Submitted Soon
The Maharashtra government is set to submit proposed amendments to the Maharashtra Ownership Flats (Regulation of the Promoters and Flat Purchase and Construction) Act, 1960. These amendments aim to address various issues faced by flat buyers and promoter
Mumbai's Aqua Line Metro: Initial Low Ridership Raises Questions
Mumbai's newly-opened Aqua Line Metro, expected to be a game-changer, has seen lower-than-expected ridership, raising concerns about its long-term viability.
Explore Ajay Devgn's Ultra-Luxurious Rs 60 Crore Mumbai Bungalow
Ajay Devgn, the acclaimed Bollywood actor, is known for his diverse roles and charismatic presence on screen. However, his off-screen lifestyle is equally intriguing. From his vast real estate portfolio to his stunning properties in Mumbai and London, thi
Devendra Fadnavis Sworn in as Maharashtra CM, Ajit Pawar and Eknath Shinde as Deputies
Maharashtra Governor CP Radhakrishnan administered the oath of office to BJP leader Devendra Fadnavis as Chief Minister, NCP chief Ajit Pawar, and Shiv Sena leader Eknath Shinde as Deputy Chief Ministers.
Mumbai-Based Start-Up Manastu Space Successfully Tests Green Propulsion System in Space
Mumbai-based space start-up Manastu Space has successfully test-fired its home-built green propulsion system, Vyom 2U, on the PSLV Orbital Experimental Module-4 (POEM). The thruster was fired for 30 seconds, tilting the platform by 24 degrees and impartin