Brigade Signs INR 2500 Cr JDA for East Bengaluru Project

Realty giant Brigade Group on September 8 said it has signed a joint development agreement (JDA) for a luxury housing project in East Bengaluru, with an estimated gross development value (GDV) of around Rs.2,500 crore. 

The project, proposed over 10.75 acres, is likely to have a saleable area of 2.5 million square feet.

In a formal release, the company stated the future development would be designed to meet the "dynamic aspirations of modern homeowners and investors," taking advantage of its proximity to key commercial centers and highly developed social infrastructure. 

Key highlights:

• Brigade Group has entered a joint development agreement for a luxury residential project in East Bengaluru, with an estimated gross development value of Rs.2,500 crore
• Spread over 10.75 acres, the project will offer 2.5 million sq ft of saleable area, strategically located near key commercial and social infrastructure hubs
• MD Pavitra Shankar said the development reflects Brigade's focus on premium micro markets and aligns with the company’s vision for sustainable urban living in Bengaluru

"Bengaluru is our core market, and this new development is a demonstration of our strategic intent to concentrate on high-quality developments within premium micro markets that leverage connectivity, infrastructure, and lifestyle attractiveness. The area is fast transforming as a premium residential corridor, and we believe that this project will be instrumental in drawing a new generation of aspirational homebuyers." said Pavitra Shankar, Managing Director, Brigade Enterprises.

Shankar also said the project is Brigade's vision for the future of urban living in Bengaluru: "This project also represents our vision for the future of urban living in Bengaluru – where efficiency, sustainability, and community come together, and we are excited to bring it to life for homebuyers.”

Aslo Read: Brigade Hotel Ventures Signs Multi-Hotel Deal with Marriott to Expand in India

The announcement came after market hours. Shares of Brigade Enterprises closed slightly higher at Rs.910.70 on Friday. Despite the uptick, the stock has declined nearly 27 percent so far in 2025 and is currently trading at a P/E ratio of around 29.35.