Introduction
Brigade Enterprises, a leading real estate company, has announced plans for a new luxury residential project in Mysuru. The company expects this project to generate a gross development value (GDV) of Rs 300 crore.
Project Details
In a statement on Friday, Brigade revealed that it has signed a Joint Development Agreement (JDA) for this upcoming project. The development will be located on Bogadi Road, near the proposed Outer Ring Road in Mysuru. The total land parcel for this project spans over 5 acres.
Development Area and Structure
The project is set to offer a developable area of 4.5 lakh square feet. Within this space, the development will include:
- 25% Senior Living Spaces: Catering to the needs of senior citizens with dedicated facilities and amenities.
- 75% Luxury Apartments: Offering premium housing options for residents seeking modern comforts and luxury.
Strategic Expansion
Brigade Group Managing Director Pavitra Shankar emphasized the importance of this development, stating, “This land deal is a significant milestone in our efforts to expand our footprint in Mysuru.”
About Brigade Enterprises
Established in 1986, Brigade Enterprises has a strong presence in South India. The company has successfully developed numerous projects across various sectors, including residential, office spaces, retail centers, and hotels.
Conclusion
With this new luxury housing project, Brigade Enterprises aims to strengthen its presence in Mysuru’s real estate market while offering premium residential solutions and contributing to the city’s evolving landscape.
