India, Dec. 4 -- Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about Rs.118 crore per acre through an auction conducted by the Hyderabad Metropolitan Development Authority, the company said in a statement on Dec 4.

This marks Brigade's second investment in the micro-market, following an earlier acquisition now being developed as Brigade Gateway (Plot No. 8). The move reinforces the company's strategic expansion plans in Hyderabad, it said.

"Hyderabad is a key market in our expansion strategy," said Amar Mysore, Executive Director, Brigade Enterprises Limited.

"Around this time last year, we launched Brigade Gateway in Neopolis a premium mixed-use development inspired by our iconic Beng...