Brigade Enterprises Buys Land in Hyderabad
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Brigade Enterprises acquires 5.72 acre land in Hyderabad for Rs 250 cr to develop a residential project in Osman Nagar.
New Delhi, Apr 28 (PTI) Realty firm Brigade Enterprises Ltd has acquired 5.72 acre land in Hyderabad through auction for about Rs 250 crore to build housing project.
In a regulatory filing on Tuesday, the company informed the acquisition of a prime land parcel in Hyderabad through a recent auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC).
The outright purchase at Osman Nagar was at a price of Rs 44 crore per acre, excluding registration costs.
The company plans to develop a residential project.
Amar Mysore, Executive Director, Brigade Enterprises Ltd said, "Hyderabad has been a key focus market for us, having emerged as one of the most dynamic real estate markets in the country and this land parcel in Osman Nagar is a strategic fit, meeting our stringent criteria for scale and suitability for premium development".
Established in 1986, Brigade Enterprises has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.
In a regulatory filing on Tuesday, the company informed the acquisition of a prime land parcel in Hyderabad through a recent auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC).
The outright purchase at Osman Nagar was at a price of Rs 44 crore per acre, excluding registration costs.
The company plans to develop a residential project.
Amar Mysore, Executive Director, Brigade Enterprises Ltd said, "Hyderabad has been a key focus market for us, having emerged as one of the most dynamic real estate markets in the country and this land parcel in Osman Nagar is a strategic fit, meeting our stringent criteria for scale and suitability for premium development".
Established in 1986, Brigade Enterprises has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.
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