Brigade Group to develop 8-10 mn sq ft of new projects

Brigade Group to develop 8-10 mn sq ft of new projects
Economic Times, July 5, Page 9

Bangalore: Bangalore-based real estate firm, Brigade Group said 12 million square feet of residential projects were nearing completion and would enter the market in the coming 12 months and it would take up new projects covering 8-10 mn sqft in 2010. Mr Jaishankar, Chairman and Managing Director, Brigade Group, said that the new projects would include a mix of residential, commercial and hosptiality. The new projects would include affordable housing of 8,000 to 10,000 units in Mysore and Bangalore. The group, which was optimistic of demand picking up momentum, was also looking at some recovery in margins by increasing prices by five percent in the coming months, said Jaishankar.