The real estate company said that it will develop around 2 million square feet of residential housing in Yelahanka, which is spread over 14 acres.

Pavitra Shankar, managing director, Brigade Enterprises, said, “We anticipate the project to yield a revenue realization of Rs 2,100 crore on completion. This project will be designed and executed keeping in mind customer preferences for quality and sustainability."

Brigade Group has a strong pipeline over the next year, of around 13 million square feet in Bengaluru, Hyderabad, and Chennai, of which 11 million square feet is from residential projects.

Brigade Enterprises is the flagship company of the Brigade group and is one of the largest real estate players in South India. Till date, it has developed over 300 lakh sq. ft, 80% of which has been in the residential segment. Though it mainly focuses on the Bengaluru market, Chennai is emerging as the second large market for the entity. The group has developed projects in Mysuru, Cochin, Chennai, Hyderabad, and Ahmedabad.

The real estate company’s consolidated net profit surged 72.08% to Rs 133.50 crore on 55.43% jump in revenue from operatins to Rs 1,366.58 crore in Q2 FY24 over Q2 FY23.