Brigade Group partners with landowners to build Rs 2,100 cr housing project in Bengaluru

New Delhi, Nov 16 (PTI) Realty firm Brigade Enterprises has entered into a partnership with Krishna Priya Estates and Micro Labs to develop a housing project in Bengaluru with an estimated sales value of Rs 2,100 crore.

In a regulatory filing, Brigade Group said it has signed a Joint Development Agreement (JDA) with Krishna Priya Estates and Micro Labs to develop around 2 million sq ft of residential project in Bengaluru with a Gross Development Value (GDV) of Rs 2,100 crore.

The 14-acre land parcel is located at Yelahanka in North Bengaluru.

Brigade Group said the JDA will add to its residential portfolio in the city.

'We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of Rs 2,100 crore on completion,' Brigade Enterprises Ltd Managing Director Pavitra Shankar said.

Brigade Group has a strong pipeline over the next year, of about 13 million sq ft in Bengaluru, Hyderabad, and Chennai, of which 11 million sq ft is from residential projects.

Established in 1986, Brigade Enterprises Ltd is one of India's leading property developers with over three decades of expertise. PTI MJH TRB TRB