Brigade Signs Rs 1,200 Crore JDA for New Banashankari Project

Brigade Group has signed a joint development agreement (JDA) to build a new residential project in Banashankari, 5th Stage, South Bengaluru. The project has a gross development value (GDV) of approximately Rs 1,200 crore, and the developer has confirmed that it will span 7.5 acres, offering high-quality residential spaces designed for buyers seeking an elevated lifestyle in a well-connected part of the city.

Announcing the tie-up, Pavitra Shankar, Managing Director of Brigade Group, said, "Banashankari represents a unique blend of heritage and connectivity, supported by social and physical infrastructure, making it ideal for quality residential development." She added that the company remains committed to delivering homes that elevate urban living while contributing to Bengaluru's broader growth.

Banashankari 5th Stage has long been one of South Bengaluru's most established residential pockets, prized for its mix of heritage character and modern connectivity. The upcoming Brigade project is expected to enjoy easy access to JP Nagar, Jayanagar, and Kanakapura Road, along with schools, hospitals, and shopping destinations that make everyday life convenient for families. Related listings for the project describe well-planned 2 and 3 BHK apartments designed with practical layouts and open spaces, with possession currently indicated for December 2029, while RERA registration is expected to be announced in due course.

This Banashankari deal is only the latest in a string of land acquisitions Brigade has closed across Bengaluru through 2025. In April, the group signed a JDA for a plotted residential project in East Bengaluru worth Rs 175 crore, while January saw it tie up a 20-acre parcel on Whitefield-Hoskote Road with a potential GDV of Rs 2,700 crore through its subsidiary Ananthay Properties. Just weeks before the Banashankari announcement, Brigade also entered a JDA for a 10.75-acre luxury project in East Bengaluru with an estimated GDV of Rs 2,500 crore, and it separately disclosed a Rs 126 crore investment into its Twin Towers project in North-West Bengaluru. Together, these deals form part of a residential pipeline that spans roughly 12.61 million square feet across Bengaluru, Chennai, and Hyderabad.

The market responded positively to the news, with Brigade Enterprises shares gaining nearly 2% to trade at Rs 940.95 on the BSE in the days following the announcement. On the financial side, Executive Director Pradyumna Krishnakumar told Business Standard that the company is targeting a 15 per cent increase in pre-sales, aiming for Rs 9,000 crore by the end of FY26, with residential EBITDA margins expected to stay in the 28-30 per cent range for the year.

For homebuyers tracking South Bengaluru, the Banashankari project adds to Brigade's existing footprint in the micro-market, which already includes completed addresses such as Brigade 7 Gardens and Brigade Omega nearby. With the new JDA signed and design planning underway, the project is expected to move toward formal launch and RERA registration in the coming months, giving early interest-registrants a chance to track floor plans and pricing as they are released.

Brigade operates across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City, with a portfolio spanning residential, office, retail, hospitality, and education projects. The Banashankari signing reinforces the developer's continued focus on South Bengaluru even as it expands aggressively into the city's eastern and northern growth corridors.