Mumbai: Brigade Group has announced the signing of a Joint Development Agreement (JDA) for the development of a premium residential project in Kompally, Hyderabad.
According to the company, the proposed project will be developed on a 5.6-acre land parcel located in one of North Hyderabad’s growth corridors and is expected to have an estimated revenue potential of ₹850 crore.
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The company stated that the residential development is intended to cater to the growing demand for high-quality, sustainable and modern housing in the region.
Commenting on the development, Amar Mysore, Executive Director, Brigade Enterprises Limited, said, “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. As we further scale our operations, our focus will continue to remain on acquiring strategically located land parcels that not only offer high growth potential but also strictly align with the core principles, governance, and ethical standards that we stand for.”
The company said it plans to develop the site into a residential community featuring architectural design and lifestyle amenities.
Brigade Group entered the Hyderabad market with Brigade at No.7 in Banjara Hills and subsequently expanded its presence through Brigade Citadel in Moti Nagar.
The company continues to strengthen its portfolio in the city through Brigade Gateway at Neopolis, a 4 million sq. ft. mixed-use development, as well as Brigade Enclave and Brigade Manor in Moti Nagar.
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According to the company, the Kompally project follows the announcement of a four-acre development in Neopolis, which is currently in an advanced design stage.
Brigade Group also stated that it plans to deploy approximately ₹5,000 crore across residential, commercial, hospitality and retail segments in Hyderabad over the next three to four years.
