Brigade Group has entered into a Joint Development Agreement (JDA) to create a new residential development on Old Madras Road, Bengaluru. Spanning 6.9 acres, this project will offer approximately 0.8 million square feet of residential space and boasts a Gross Development Value (GDV) of Rs 720 crore.
Strategically positioned on Old Madras Road, the project will provide stunning lake-facing views and is nestled in a prime neighborhood close to prominent areas like Indiranagar and Whitefield. These locales are renowned for their excellent infrastructure and dynamic commercial environments. The project site benefits from superb connectivity to key parts of Bengaluru, making it an attractive choice for potential residents.
In line with Brigade Group’s dedication to innovative design and sustainability, the project will feature contemporary amenities and blend modern architectural aesthetics with eco-friendly practices. Anticipated highlights include green spaces, energy-efficient systems, and sustainable construction methods, all aimed at ensuring a high-quality living environment.
Pavitra Shankar, Managing Director of Brigade Group, stated, “There is a continued strong demand for housing, driven by the desire for more spacious homes with practical amenities in prime locations. This new development is a testament to our ongoing commitment to meet this demand by providing quality homes that fulfill customers’ needs. It is another step in our mission to create vibrant communities and elevate the living experience for our residents.”
The Rs 720 crore investment underscores Brigade Group’s dedication to strengthening its footprint in Bengaluru’s real estate market. This project aims to satisfy the increasing demand for premium residential spaces in the city, propelled by Bengaluru’s reputation as a significant IT and business hub.
Located on Old Madras Road, the development ensures excellent connectivity to various city regions, including the central business district and major IT corridors. This ease of access is expected to appeal to potential buyers by offering convenience and reducing commuting times.
Brigade Group’s new residential project on Old Madras Road represents a substantial addition to Bengaluru’s real estate scene. With a focus on innovative design, sustainability, and a strategic location, the project is set to address the evolving needs of contemporary urban dwellers. This initiative reaffirms Brigade Group’s status as a leading real estate developer, committed to delivering high-quality, sustainable living spaces.