Brigade Group has successfully acquired a prime 5.72-acre land parcel located at Osman Nagar, Hyderabad. Secured through a competitive auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), the plot was purchased at a rate of Rs. 44 Crores per acre. This acquisition marks a strategic expansion for the company, as it plans to develop a premium residential project in a high-growth location near major IT hubs like HITEC City and Gachibowli.
Strategic Expansion in Hyderabad
Brigade Enterprises Limited has further solidified its footprint in the Hyderabad real estate market with the acquisition of a strategic land parcel at Osman Nagar. The company secured the 5.72-acre site via an auction process led by the Telangana Industrial Infrastructure Corporation (TGIIC). The transaction was finalized at a valuation of Rs. 44 Crores per acre, excluding additional registration costs.
Focus on Premium Residential Development
The company intends to leverage this prime location to launch a new residential project. According to Amar Mysore, Executive Director, this land parcel aligns with the group’s stringent criteria for scale and suitability. The development aims to contribute to the city’s growing skyline while integrating world-class construction standards that cater to the evolving needs of Hyderabad’s urban population.
Advantageous Location
The site at Osman Nagar offers significant advantages, including its proximity to major IT hubs such as HITEC City and Gachibowli. The location is characterized by its low-density environment, access to the Outer Ring Road, and strong growth momentum. This combination of accessibility and serenity makes it an ideal setting for a premium residential complex, supporting the company’s objective of delivering high-quality, future-ready living spaces.
Source: BSE
