In a notable development, Brigade Enterprises Limited has emerged victorious in an electronic auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) for a coveted 9.71-acre parcel of land in the thriving Neopolis area of Kokapet, Hyderabad. The winning bid, valued at Rs. 68 crores per acre, marks a significant addition to the company's real estate portfolio.
Following the successful bid, Brigade Enterprises wasted no time in completing the necessary legal formalities. The company swiftly executed the sale deed for the prized land and completed its registration, officially securing ownership of this prime property.
This strategic acquisition positions Brigade Enterprises Limited to tap into the immense potential and opportunities offered by the rapidly growing and dynamic real estate market in Kokapet. As a renowned player in the real estate sector, the company is well-positioned to leverage its expertise and resources to develop this land parcel into a valuable and promising venture.
This significant investment underscores Brigade Enterprises Limited's commitment to expanding its presence in the Hyderabad real estate landscape and its vision for delivering high-quality, innovative, and sustainable real estate solutions to meet the evolving needs of the market. With the acquisition of this prime land in Neopolis, Kokapet, the company is poised to make a meaningful contribution to the city's real estate growth and development.
As Brigade Enterprises embarks on this new project, it remains dedicated to its mission of enhancing urban living experiences and promoting sustainable, responsible, and forward-thinking real estate development.
EQUITYBULLS
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