Brigade Enterprises Limited 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 companyโs earlier acquisition in the same micro-market, which is now being developed as Brigade Gateway (Plot No. 8), Hyderabad. The move reinforces Brigadeโs strategic growth plans in the city.
โHyderabad is a key market in our expansion strategy,โ said Amar Mysore, Executive Director, Brigade Enterprises Limited. โAround this time last year, we launched Brigade Gateway in Neopolis a premium mixed-use development inspired by our iconic Bengaluru project, bringing together all key asset classes including Orion Mall, World Trade Center Hyderabad, a five-star deluxe InterContinental hotel, and high-end residences supported by a well-appointed clubhouse. With a robust pipeline of projects planned for Hyderabad, this acquisition underscores our commitment to investing in high-potential locations and delivering well designed, future-ready developments for discerning customers.โ
