New housing tower in Bengaluru to bring over ₹400 crore revenue for Brigade Enterprises

The company has launched residential tower 'Cobalt' at its 50-acre township, Brigade El Dorado, located in KIADB Aerospace Park.

Published on: Jul 12, 2024, 20:00:16 IST

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Realty firm Brigade Enterprises is expecting more than ₹400 crore revenue from its newly-launched residential tower in Bengaluru.

The overall size of this township is around 6.1 million (61 lakh) square feet. (HT Photo/For representation)

The company has launched residential tower 'Cobalt' at its 50-acre township, Brigade El Dorado, located in KIADB Aerospace Park.

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"Comprising 948 one-bedroom apartments, the company has pegged the potential revenue value at over ₹400 crore," Brigade said in a regulatory filing on Thursday.

The overall size of this township is around 6.1 million (61 lakh) square feet including residential, shopping, wellness, and entertainment facilities.

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"In the recent past, there has been a surge in the number of multinational companies that have chosen to set up shop in North Bengaluru, creating a demand for skilled talent. This in turn has fuelled the growth and demand for high quality, sustainable real estate in the region," Amar Mysore, Executive Director, Brigade Enterprises said.

Potential home buyers in the region are primarily millennials, who aren’t just looking for houses, but rather accommodations that mirror their accomplishments and match their aspirations, he added.

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Established in 1986, Brigade Group is one of India’s leading property developers.

The company has developed projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru. It is into development of residential, office, retail and hotel projects.

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