Brigade Enterprises Acquires 20-acre Land in Bengaluru For Residential Project

Brigade Enterprises Limited, established in 1986 by M.R. Jaishankar, is a leading real estate developer in India, with its headquarters based in Bangalore, Karnataka. The firm has made a substantial impact on the urban environments of several Indian cities, such as Bangalore, Chennai, Hyderabad, Mysore, Kochi, and Ahmedabad.

Signed Definitive Agreement

Following the signing of a definitive agreement for a prime land parcel on Whitefield-Hoskote Road in Bengaluru for a residential development covering around 20 acres, Brigade Enterprises’ shares saw heightened interest.

According to the filing, this project is expected to have a saleable area of roughly 2.5 million square feet, with a gross development value (GDV) of approximately ₹2,700 crore and a total land investment of about ₹630 crore, facilitated through its subsidiary, Ananthay Properties Private Limited.

Residential Projects

The design of the project will reflect Brigade’s dedication to providing high-quality, sustainable environments that resonate with Bengaluru’s vibrant urban landscape.

Moreover, the Brigade Group boasts a robust pipeline of forthcoming residential projects, encompassing around 12.61 million square feet of new developments across Bengaluru, Chennai, and Hyderabad.

Company MD Statement

“We continue to concentrate on acquiring prime land in critical markets to enhance our land portfolio. This initiative is crucial in facilitating our long-term strategy for residential growth. 

We are dedicated to creating a property that meets the highest standards of quality and sustainability while catering to the changing needs and preferences of our prospective residents,” stated Pavitra Shankar, Managing Director of Brigade Enterprises.

Share Price and Performance 

As of 1:23 PM, the share price of Brigade Enterprises Ltd. was ₹1,280.75 per share. Over the past year, shares of Brigade Enterprises have seen an increase of 37.2%.

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