Brigade Enterprises Acquires 4.4 Acres in Whitefield for ₹950 Crore Premium Residential Project

Real estate firm Brigade Enterprises announced on Monday, March 24, 2025, that it has acquired a 4.4-acre land parcel in Whitefield, East Bengaluru, for the development of a premium residential project.

The project has a total development potential of 0.6 million square feet, with an estimated Gross Development Value (GDV) of approximately ₹950 crore.

Premium Residential Development with Modern Amenities

The upcoming project is set to feature state-of-the-art amenities and high-end specifications, aiming to provide a premium lifestyle for its residents.

According to the company’s regulatory filing, the development will include a mix of spacious apartments designed to cater to the needs of modern families.

Advantageous Location and Strong Infrastructure

Whitefield, a well-established real estate hub in East Bengaluru, is known for its excellent connectivity and robust social infrastructure.

The strategic location is expected to add significant value to the project, offering convenience and accessibility to potential homebuyers.

Company’s Vision and Growth Strategy

Commenting on the acquisition, Pavitra Shankar, Managing Director of Brigade Enterprises, highlighted the company’s commitment to expanding its portfolio with high-quality residential projects.

“This project will not only enhance our portfolio but also offer an exceptional living experience for our customers. Strategically, this land parcel aligns perfectly with our vision for premium residential development. The deal underlines our commitment to growth, innovation, and redefining luxury living in Bengaluru. With Whitefield’s prime location and robust infrastructure, we are confident this project will set new benchmarks in the segment,” said Shankar.

Stock Performance of Brigade Enterprises

Despite the company’s expansion efforts, Brigade Enterprises’ stock performance has faced challenges in recent months. Over the past year, the company’s shares have seen a modest gain of 6.31%.

However, on a Year-To-Date (YTD) basis, the stock has declined by 19.72%. In the last six months, the share price dropped further by 25.09%, while the three-month performance shows a decline of 21.54%. Over the past month, the stock registered a slight negative change of 0.34%.

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