Brigade Enterprises Limited has made a significant move in the Bengaluru real estate market with a substantial land acquisition. The company has successfully purchased a prime land parcel in the rapidly developing Whitefield-Hoskote corridor of Bengaluru, marking a strategic expansion of its portfolio.

Key Highlights of the Acquisition

Strategic Importance

The acquisition represents a significant real estate investment by Brigade Enterprises in one of Bengaluru's most promising areas. The Whitefield-Hoskote corridor has been gaining traction as a fast-emerging hub for both commercial and residential developments, making this purchase a potentially lucrative move for the company.

Transaction Details

According to the company's disclosure to the stock exchanges, the land parcel was acquired through Ananthay Properties Private Limited, a subsidiary of Brigade Enterprises Limited. This strategic approach allows Brigade to leverage its subsidiary for potential development projects on the newly acquired land.

Market Impact

This substantial investment by Brigade Enterprises underscores the company's confidence in the Bengaluru real estate market, particularly in the Whitefield-Hoskote area. The acquisition could potentially lead to new residential or commercial projects, further strengthening Brigade's position in the city's real estate sector.

Future Prospects

While specific plans for the land parcel have not been disclosed, the size and location of the acquisition suggest significant development potential. Investors and market watchers will likely keep a close eye on Brigade Enterprises' future announcements regarding plans for this newly acquired asset.

The move aligns with Brigade Enterprises' strategy of expanding its land bank in high-potential areas, potentially setting the stage for future growth and development projects in Bengaluru's thriving real estate market.

Brigade Enterprises Limited has announced a significant expansion of its coworking brand, Buzzworks, in Hyderabad. The company is set to add 50,000 square feet of state-of-the-art workspaces to its existing portfolio in the city, further solidifying its presence in the thriving IT hub.

New Center at Mindspace Business Park

The latest Buzzworks center will be located at Mindspace Business Park in HITEC City, Hyderabad. This strategic expansion will add 1,000 seats to Buzzworks' existing capacity, marking a notable growth beyond Brigade-owned developments.

Amenities and Design

The new workspace is designed to cater to the needs of modern businesses and professionals. It will feature:

• A full-service cafeteria
• Wellness room
• Collaborative zones
• Recreational areas
• Phone booths
• Common boardroom
• Multiple meeting rooms

Following the success of its first Hyderabad center at Auro Orbit – HITEC City, which was designed around an Urban Forest theme, the new space embraces a 'ModZen' or Modern Zen concept. This design philosophy aims to blend the calmness of Zen principles with the dynamic pace of modern work life, reflecting Hyderabad's unique position as both a tech hub and a livable city.

Strategic Location

The new Buzzworks center boasts excellent connectivity:

• Direct skywalk access to Raidurg Metro Station (650 meters away)
• Easy access via TSRTC buses and cabs
• Ample in-campus parking
• Proximity to Rajiv Gandhi International Airport (34 km)
• Close to Secunderabad Railway Station (18 km)
• Near key business districts like Gachibowli (4.3 km)

Management's Perspective

Siddharth Verma, General Manager of Buzzworks, commented on the expansion: "This expansion reflects Buzzworks' deliberate and demand-led approach to growth, rooted in market insight, operational agility and strategic location selection. Our entry into Mindspace Business Park, HITEC City aligns with our larger vision of delivering high-performance workspaces in prime business districts."

About Buzzworks

Launched in 2019, Buzzworks is Brigade Group's flexible office space segment. It offers two key formats:

1. Built-to-Suit solutions for enterprises with specific design and operational needs
2. Ready-to-Occupy offices for businesses seeking high-quality, immediately functional spaces

The brand primarily caters to large enterprises and growth-focused companies, emphasizing experience, flexibility, and scalability in its offerings.

This expansion in Hyderabad underscores Buzzworks' commitment to providing premium managed workspaces in high-demand commercial locations, backed by the trusted quality and legacy of the Brigade Group.