Hyderabad: Brigade Group, a Bengaluru-based property developer with a market capital of about Rs 5,000 crore, has launched Rs 1,100 crore residential project at Moti Nagar, Hyderabad.
The project Brigade Citadel is spread over 11 acres comprising over 1,300 two and three bedroom homes priced between Rs 75 lakh and 1.4 crore. The project, whose works have begun in November 2020, is scheduled for completion by 2025.
The project will have a central courtyard built around a 100-year-old Banyan tree. Other amenities include a 53,000 sq ft clubhouse, jogging track, outdoor gym, urban plaza, amphitheater and other facilities.
Announcing the project, Rajendra Joshi, CEO-Residential, Brigade Group, said, “This is our second project in Hyderabad after Brigade at No.7, Banjara Hills. Brigade Citadel will have four clusters and eight towers. The project will have a 20 lakh sq ft built up area.”
He added, “Hyderabad remains a key market for the company and we see opportunities not only in residential space, but also retail, commercial and other asset classes. We intend to increase our base in the city in the coming years.”
The company which has executed 250 buildings in the last 34 years delivering homes to over 25,000 home buyers finds South India as a key market and plans to strengthen its presence in the region.
Over the years, the group has also executed hotel projects by partnering with hospitality brands. It has also launched an accelerator through which it is nurturing technology entrepreneurs every year.