Brigade Group to develop ₹2,100 cr housing project in North Bengaluru

The housing project, spanning 14 acres, is expected to yield a revenue realisation of ₹2,100 crore on completion.

Published on: Nov 17, 2023, 16:51:28 IST

By Yamini C S

Prefer HTon Google

Share via

Copy link

Real estate giant Brigade Group is all set to develop a ₹2,100 crore housing project in North Bengaluru's Yelahanka area in what seems to be a partnership with two land owners.

The firm said it will build a residential project over 14 acres of land, which comes to about two million sqft. (HT PHOTO)

The firm said its unit Brigade Enterprises has inked a joint agreement with Krishna Priya Estates and Micro Labs to build a residential project over 14 acres of land, which comes to about two million square feet (sqft).

ALSO READ | Realty firm signs new housing project in Bengaluru with ₹400 cr revenue potential

"We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of ₹2,100 crore on completion," Pavitra Shankar, the Managing Director of Brigade Enterprises Ltd said, as quoted by news agency PTI.

Karnataka to spend ₹4,119 crore for new greenfield port

In a similar instance, the Karnataka government awarded a contract to port operator JSW Infrastructure to build a new greenfield port for ₹4,119 crore.

The firm said it received a Letter of Award (LOA) from the government to develop the Keni Port in Karnataka on a public private partnership basis. The port will be developed to handle cape-size vessels, sustain all weathers and deep water, news agency PTI reported.

ALSO READ | Mumbai, Bengaluru secure 19th, 22nd positions globally in housing price appreciation: Report

"To begin with, the capacity of the proposed port shall be 30 MTPA (million tonnes per annum) in the initial phase with further potential to increase substantially in the long run," a statement from the firm read.

It added that the port will be a greenfield, multi-cargo, direct berthing, deep-water commercial port for handling all types of cargoes on the west coast in the North Karnataka region, and that it will serve industries in Bellary, Hosapete, Hubballi, Kalaburagi, and South Maharashtra.

(With inputs from PTI)

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.