Brigade Enterprises has inked a Joint Development Agreement (JDA) for a new residential project in Banashankari 5th Stage, South Bengaluru, targeting sales of approximately ₹1,200 crore. The project is planned on a land parcel spanning 7.5 acres.
Under the agreement, Brigade will partner with the landowner to develop the residential scheme. The company has valued the gross development value (GDV) at around ₹1,200 crore, reflecting confidence in the housing demand in the region.
Banashankari is a well-established residential area in South Bengaluru with good connectivity to major roads and civic amenities. The new project is expected to enhance the supply of premium housing in this preferred suburb. Brigade, which has presence in multiple Indian cities, continues to expand its portfolio with projects spanning residential, office, retail, and hospitality segments.
With this JV, Brigade aims to leverage the strengths of both parties—land availability and development expertise—to deliver a large-scale housing solution in a mature urban setting. The Bangalore real estate market’s continued demand for high-quality homes in well-connected areas underpins this project’s potential.
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