Brigade Enterprises expands Hyderabad footprint with ₹477 crore land acquisition in Neopolis
Brigade Enterprises Limited has significantly strengthened its presence in Hyderabad’s booming real estate market by announcing the successful acquisition of a prime land parcel in the city’s fast-developing Neopolis Phase 3. The company said in a filing to the stock exchange on December 4 that it has acquired Plot No. 20 covering 4.04 acres of land in Kokapet through a competitive e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA).
₹118 crore per acre
The acquisition was made for a significant price ₹118 crore per acre was stated in the exchange file. This transaction represents approximately the total investment amount. ₹477 crore and underlines Brigade’s deep confidence in the city’s high-potential growth corridor and its strategic objective to scale operations in key metropolitan areas. Neopolis micro market is considered as an important future hub for both commercial and residential ventures due to its planned infrastructure and strong connectivity.
This latest land deal is a continuation of Tugay’s strategic focus on the region and reinforces a previous major investment in the same region. The official statement stated that the company is currently developing a nearby land parcel (Plot No. 8) into the ambitious Brigade Gateway, a world-class mixed-use development. Modeled after the company’s successful ventures in Bengaluru, this iconic project is designed to integrate multiple asset classes that include a grand Orion Mall, World Trade Center Hyderabad, a five-star luxury InterContinental hotel and high-end residential towers along with an extensive clubhouse, he added.
“Hyderabad is an important market in our expansion strategy,” said Amar Mysore, Executive Director, Brigade Enterprises Limited. “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 luxury InterContinental hotel and high-end residential supported by a well-equipped clubhouse. With a robust pipeline of projects planned for Hyderabad, this acquisition underlines our commitment to investing in and delivering high-potential locations. Good for discerning clients “designed, future-ready developments,” he added.
Founded in 1986, Brigade Group brings nearly four decades of expertise transforming the skylines of seven major Indian cities, including Bengaluru, Chennai and Hyderabad. Its developments cover the Residential, Office, Retail, Hospitality and Education sectors. Continuous investment in prime locations like Neopolis is in line with its commitment to quality and sustainable growth in the South Indian market.
Disclaimer: This article was created using AI tools and has been editorially reviewed for clarity and consistency.
