Brigade Group partners with Krishna Priya Estates and Micro Labs for major Bengaluru residential project

Brigade Group, a renowned real estate company, has announced a significant collaboration with Krishna Priya Estates Pvt. Ltd. and Micro Labs Ltd. This partnership focuses on the development of a massive residential project in Bengaluru, which is expected to be around 2 million square feet in size. The project, with a Gross Development Value (GDV) of Rs. 2,100 crores, is situated in Yelahanka, a rapidly growing residential hub in North Bengaluru.

The development is spread across a sprawling 14-acre area, promising to enhance Brigade Group’s residential portfolio in the city. Yelahanka is recognized for its excellent infrastructure and connectivity, making it an ideal location for such a substantial project.

Pavitra Shankar, Managing Director of Brigade Enterprises Limited, expressed her enthusiasm for the project. “We are extremely happy to develop one of the most sought-after properties in Bengaluru today. We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realization of Rs. 2,100 crores on completion. This project will be designed and executed keeping in mind customer preferences for quality and sustainability,” she stated.

Furthermore, Brigade Group has a robust pipeline of projects over the next year, encompassing approximately 13 million square feet across Bengaluru, Hyderabad, and Chennai. Out of this, 11 million square feet is dedicated to residential projects, underlining the company’s commitment to expanding its footprint in the Indian real estate market.

This strategic move by Brigade Group, Krishna Priya Estates, and Micro Labs Ltd. marks a significant step in bolstering the residential real estate sector in Bengaluru, particularly in the burgeoning area of Yelahanka. The focus on quality and sustainability in this project reflects the evolving preferences of consumers in the real estate market.