Ananthay Properties Buys 20 Acres in Bengaluru for ?630 Crore
ECONOMY & POLICY

Ananthay Properties Buys 20 Acres in Bengaluru for ?630 Crore

Ananthay Properties, a subsidiary of the Brigade Group, has finalized a definitive agreement to acquire a 20-acre land parcel on Whitefield-Hoskote Road, Bengaluru, for ?630 crore.

The proposed residential project will span approximately 2.5 million square feet of saleable area and is projected to generate a Gross Development Value (GDV) of ?2,700 crore.

Pavitra Shankar, Managing Director of Ananthay Properties, emphasized the company's commitment to expanding its portfolio in key markets. "We remain focused on acquiring prime land in key markets to strengthen our land holdings," she said.

The acquisition is part of the company’s broader strategy to develop around 12.61 million square feet of new residential projects across Bengaluru, Chennai, and Hyderabad.

Ananthay Properties, a subsidiary of the Brigade Group, has finalized a definitive agreement to acquire a 20-acre land parcel on Whitefield-Hoskote Road, Bengaluru, for ?630 crore. The proposed residential project will span approximately 2.5 million square feet of saleable area and is projected to generate a Gross Development Value (GDV) of ?2,700 crore. Pavitra Shankar, Managing Director of Ananthay Properties, emphasized the company's commitment to expanding its portfolio in key markets. We remain focused on acquiring prime land in key markets to strengthen our land holdings, she said. The acquisition is part of the company’s broader strategy to develop around 12.61 million square feet of new residential projects across Bengaluru, Chennai, and Hyderabad.

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?