Brigade Group inks pact for Rs 850 cr residential development in Hyderabad

MUMBAI: Realty developer Brigade Group has entered into a Joint Development Agreement (JDA) to develop a premium residential project on a land parcel 5.6 acres in Kompally area of Hyderabad. The project is estimated to have revenue potential of Rs 850 crores.

"Hyderabad is a vital growth market for Brigade, and our commitment to expanding our footprint is evident in the consistency of our new projects in the region. The city’s robust economic momentum, driven by thriving technology and infrastructure sectors, makes it an ideal market for us,” said Amar Mysore, Executive Director, Brigade Enterprises.

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According to him, as the company further scales the operations, the focus will continue to remain on acquiring strategically located land parcels with high growth potential and alignment with governance standards.

Brigade Group had forayed into Hyderabad market with a project in Banjara Hills, expanded with projects in Moti Nagar. Brigade is planning to deploy around Rs 5,000 crore across residential, commercial, hospitality and retail developments over the next 3-4 years, the company said in a release.