Brigade Group Lands ₹2,000 Crore Deal for 11-Acre Bengaluru Commercial Hub.

Real estate major Brigade Group has further expanded its footprint in Bengaluru's thriving commercial landscape with the acquisition of an 11-acre land parcel strategically located opposite the International Tech Park Bangalore (ITPL) in Whitefield. The company plans to develop a high-end commercial project on this prime land, boasting a gross leasable area of approximately 1.5 million square feet and an estimated gross development value (GDV) exceeding ₹2,000 crore.

Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, highlighted the significance of this acquisition, stating, "This strategic acquisition is a significant step in our journey to create world-class commercial spaces inspired by sustainable and future-ready workspaces. Whitefield remains a prime destination for office demand due to metro connectivity and the vibrant corporate ecosystem that exists. This project will also bring us closer to achieving our net zero target."

The choice of Whitefield underscores the area's continued prominence as a preferred destination for office spaces, driven by its robust corporate ecosystem and enhanced connectivity through the metro network. Brigade Group's commitment to sustainability and future-ready designs will be central to the development of this new commercial landmark.

This acquisition comes on the heels of Brigade's recent purchase of a 20-acre plot in Malur East, Bengaluru, for ₹175 crore, which is earmarked for a plotted residential development. These strategic land acquisitions demonstrate Brigade Group's aggressive growth strategy and its commitment to catering to both the commercial and residential real estate demands in the dynamic Bengaluru market.