Brigade Enterprises launches new commercial project in Bengaluru

Brigade Group has launched its latest commercial project – Brigade Deccan Heights. Strategically located in Yeshwanthpur, on Outer Ring Road in North-West Bengaluru, the project is only 45 minutes from Kempegowda International Airport, and is connected to the Central Business District, via a six-lane elevated expressway which links the approach road to North Bengaluru Outer Ring Road, and the NICE corridor, and provides easy access to South Bengaluru. 

An operational Metro line and other local transport facilities provide easy connectivity to the CBD and other parts of the city. It is strategically located on the national highway which is close to the award-winning campus Brigade Gateway which houses World Trade Center Bengaluru. 

Brigade Deccan Heights was designed by renowned architecture firm, Venkatraman Associates, and is spread across 2.2 acres with a development area of 4.3 Lakh square feet. It comprises 2 basements, a ground floor and 6 floors of parking, and 17 floors with a typical floor covering an area of 27,200 square feet approximately. This project too is classified as a Grade A IGBC Pre-gold certified building and is designed to merge both aesthetics and functionality. Its unique facade is distinguished by strip glazing, punch windows, and an exclusively designed core that allows natural light throughout the day. It is adding to the skyline in this micro market. 

Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing several serviced apartments under the brand, Brigade Homestead. 

On Friday, the scrip opened at Rs 589.85 and touched a high and low of Rs 589.85 and Rs 561.30 respectively. 

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 607.95 and Rs 428.55, respectively. 

Last one week high and low of the scrip stood at Rs 607.95 and Rs 561.30 respectively. The current market cap of the company is Rs 13,060.55 crore. 

The promoters holding in the company stood at 43.79%, while Institutions and Non-Institutions held 38.94% and 17.27%, respectively.