Brigade Group Signs Joint Development Agreements for Two Residential Projects in Hyderabad

Brigade Group has announced the signing of Joint Development Agreements (JDAs) for upcoming residential projects in Moti Nagar, Hyderabad - Brigade Citadel 2 and Citadel 3. These follow the success of Brigade Citadel, one of the most well-received residential developments in Hyderabad in recent times. Located in the same established micromarket, the two new launches represent a strategic expansion in one of the Group's key South Indian markets. Both projects are designed to carry forward the momentum of the first phase, offering the same high standards of design, quality, and community living.

Together, the projects span a total development potential of approximately 1 million square feet, with an estimated revenue potential exceeding ₹970 Crores. The developments, spread across 10 acres of prime land, will feature 405 thoughtfully designed luxury residences that reflect the evolving aspirations of modern homebuyers.

"This expansion marks a strategic step in our scalable and sustainable growth in Hyderabad, one of our key focus markets in South India. Our aim is to deliver high-quality, premium living experiences for our stakeholders. These meticulously designed luxury apartments embody our vision to create lasting communities and iconic landmarks that redefine Hyderabad's skyline. We will continue to scout for land parcels that align with our growth vision, design philosophy, and standards of quality," said Amar Mysore, Executive Director, Brigade Enterprises Limited.

The projects will offer spacious 3 & 4 BHK homes nestled within low-rise, exclusive enclaves - evoking a sense of serene community living. With a focus on elegant architecture, open space planning, and resident wellbeing, these developments introduce a new chapter in urban luxury for Hyderabad. Located in the heart of Moti Nagar, they combine privacy, spaciousness, and connectivity in a rare low-rise format.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1011.15 as compared to the previous close of Rs. 1014.05. The total number of shares traded during the day was 26383 in over 2148 trades.

The stock hit an intraday high of Rs. 1025.00 and intraday low of 994.50. The net turnover during the day was Rs. 26593388.00.

Source : Equity Bulls

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BrigadeEnterprises INE791I01019 Realty JointDevelopmentAgreements ResidentialProjects Hyderabad