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Brigade Bets Big on Hyderabad: 10.5M sq ft Expansion Planned
22 Feb
Summary
- Brigade aims for 10.5 million sq ft by FY27 in Hyderabad.
- Expansion spans residential, office, retail, and hospitality sectors.
- Company actively acquiring land for new projects and partnerships.
Brigade Enterprises is significantly increasing its presence in Hyderabad, aiming for a total development footprint of 10.5 million sq ft by FY27. This expansion encompasses residential, office, retail, flexible workspace, and hospitality projects, reflecting the company's confidence in the city's economic growth.
The company is actively acquiring land, including a recent auction win in Neopolis, and pursuing joint development opportunities to fuel this expansion. Brigade's flagship mixed-use project, Brigade Gateway Hyderabad, is progressing, with significant sales already achieved in its residential towers.
Office space demand, particularly from Global Capability Centres, is a key driver, with Brigade's Buzzworks flexible workspace arm planning a threefold increase in its footprint. The retail sector is also a focus, with plans for a new mall and scouting for additional sites.
In hospitality, Brigade is developing a new InterContinental hotel and exploring further expansion opportunities. The company's growth strategy in Hyderabad is underpinned by disciplined capital allocation and strategic partnerships.
