New Delhi, Dec. 4 -- Brigade Enterprises Limited has significantly bolstered its presence in Hyderabad's burgeoning real estate market, announcing the successful acquisition of a prime land parcel in the city's rapidly developing Neopolis Phase 3. The company secured Plot No. 20, spanning 4.04 acres in Kokapet, through a competitive e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA), it said in a stock exchange filing on 4 December.

The acquisition was made at a substantial price of Rs.118 crore per acre, the exchange filing noted. This transaction represents a total investment of approximately Rs.477 crore and underscores Brigade's deep confidence in the city's high-potential growth corridor and its strategic...