Brigade Enterprises has acquired a 4.04 acres land parcel (Plot No 20) in Neopolis Phase 3, Hyderabad. The acquisition was through an auction conducted by the Hyderabad Metropolitan Development Authority, at a consideration of Rs 118 crore per acre. This follows the company’s earlier acquisition in the same micro-market, which is now being developed as Brigade Gateway (Plot No 8), Hyderabad. The move reinforces Brigade’s strategic growth plans in the city.
Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
