BUILDING DREAMS

Brigade plans 20-acre venture in Bengaluru

New Delhi: Realty firm Brigade Enterprises Ltd will develop a 20-acre project, comprising residential plots, in Bengaluru with an estimated revenue of Rs175 crore. In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. "... The project has a gross development value (GDV) of approximately Rs175 crore and a total development potential of 0.45 million square feet," it said.

The company did not mention the name of the landowner with whom it has signed the JDA. "We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation," Pavitra Shankar, Managing Director, Brigade Enterprises, said.

Arkade bookings surge 20% in FY25

New Delhi: Realty firm Arkade Developers Ltd on Tuesday reported an 11 per cent rise in sales bookings to Rs217 crore for the latest quarter ended March. Its sales bookings stood at Rs196 crore in the year-ago period. "During 2024-25, Arkade Developers achieved robust pre-sales (sales bookings) of Rs773 crore, marking a 19.8 per cent increase from Rs645 crore in the previous year.

This growth reflects the continued demand for the residential portfolio of Arkade in the Mumbai region," the company said in a regulatory filing. The amount collected from customers stood at Rs716 crore in the last fiscal, up by 21.8 per cent when compared to the preceding year. Mumbai-based Arkade sold 2,49,000 sq ft in 2024-25 compared to 2,03,000 sq ft in the preceding year, recording a 22.7 per cent annual growth.

Sumadhura to invest Rs 250 cr in 4 years

New Delhi: Realty firm Sumadhura Group will invest Rs250 crore to develop a housing project in Bengaluru. In a statement on Tuesday, the company said it has entered South Bengaluru with the launch of project 'Codename Uru' located in Kenchanhalli. Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs500 crore.

The project, which is expected to be completed by December 2029, will have 297 homes across two towers of 28 floors each. The company will invest about Rs250 crore over the next four years to develop this housing project. Madhusudhan G, Chairman & Managing Director of Sumadhura Group, said: "South Bengaluru has emerged as a vibrant growth corridor...we see this expansion as a natural step in our vision to create strategically developed and lifestyle-focused communities across Bengaluru."