Shares of Brigade Enterprises Limited were trading 2% higher on 22 July after the company announced purchasing a 20.19-acre land parcel in Bengaluru’s Whitefield-Hoskote corridor for Rs 588.33 crore.  Brigade Enterprises’ subsidiary, Ananthay Properties Private Limited, carried out the purchase.

The land, located in a rapidly developing area with strong connectivity to IT hubs, industrial zones, and upcoming infrastructure projects, is slated for a large-scale mixed-use development. The project’s estimated Gross Development Value (GDV) is Rs 5,200 crore.

The development is expected to cover 4.2 million square feet and include residential, commercial, and retail components. Brigade Group intends to position this as a standout project in East Bengaluru’s growing urban landscape.

Pavitra Shankar, Managing Director, Brigade Enterprises, said, “This acquisition aligns with our vision to develop landmark destinations that integrate living, working, and leisure. The Whitefield–Hoskote belt is poised for exponential growth, and we’re excited to contribute meaningfully to its transformation.”

The acquisition strengthens Brigade Group’s position in Bengaluru and demonstrates its commitment to developing integrated urban ecosystems that meet the changing needs of modern India. The Group’s planned expansion builds on its record of providing high-quality developments that influence the future of urban living.

However, at 2:10 pm, the shares of Brigade Enterprises were trading 1.12% lower at Rs 1,089.30 on NSE.

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